Monday 18 April 2016

BUY-TO-LET DEAL OF THE WEEK: 2 bed flat in Chichester, £200,000, 5.1% yield

chichester flat
2 bed flat in Chichester
Listed for sale on 22/03/16 @ £200,000
Rent = £850pcm
Yield = 5.1%
Last sold in March 2000 for £74,500 (+168% in 16 years)
This two bed flat isn't the nicest apartment in Chichester, what with it's odd-shaped and slightly small rooms, electric heating and lack of a shower over the bath (that definitely matters to tenants!) BUT it's in a fantastic position on the East Walls of the city centre.

The price is pretty good too - a two bed apartment in Chichester's city centre for just £200,000. It's made a tidy sum for it's current owner, who paid just £74,500 in March 2000 (making a whopping 168% return in 16 years). This certainly proves the property can deliver capital growth.

In the meantime, its central location should see it tenanted for around £850pcm, giving it a solid 5.1% yield.

As always with flats, be sure to check the service charges and length left on the lease; two factors that can turn a decent looking gross yield into a far less attractive proposition.

It is on the market with Whiteheads 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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