Monday, 4 April 2016

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Westhampnett, £305,000, 4.3% yield

westhampnett house

3 bed house in Westhampnett
Listed for sale on 12/02/16 @ £320,000
Now £305,000
Rent = £1,100pcm
Yield = 4.3%
This three bedroom modern house in Westhampnett has just been reduced in price from £320,000 to £305,000. Better yet, it was actually on the market last year for £329,950, so it's seen a 8% price reduction since then. It now looks pretty decent value, considering it's modern construction (complete with double glazing and gas central heating) and good sized plot, complete with garage.

Popular for workers at the nearby Rolls Royce factory, it should rent relatively quickly for around £1,100pcm, providing a yield of 4.3% coupled with a property that is ready to rent.

Focusing back on the new stamp duty legislation would put a bit of a sour note on this property; yesterday a landlord would've paid £5,250 in stamp duty whereas today they'll now pay £14,400! Whilst it's possible an owner-occupier might yet snap up this property, this area does quite often attract landlords and, with recent price reductions in mind, it may be that the vendor will need to factor this in when mulling over offers.

It is on the market with Tod Anstee and full details can be found on Rightmove via the following link:


If you are looking for an agent that is well-establishedprofessional and communicative in Chichester, then contact us to find out how we can get the best out of your investment property.

E-mail me on or call 01243 624 599.

Don't forget to visit the links below to view my previous buy-to-let deals and Chichester Property News articles:


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