Monday 11 April 2016

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £260,000, 4.4% yield

chichester house

3 bed house in Chichester
Listed for sale on 08/10/15 @ £280,000
Now £260,000
Rent = £950pcm
Yield = 4.4%
Last sold in September 2004 for £190,500 (+36% in 11.5 years)
This three bedroom mid-terrace has languished on the market since last October (six months ago!). Originally priced at £280,000 it was reduced to £270,000 in February, along with the addition of another agent trying to sell it. It has now been reduced again to £260,000 so the signs are, what with it being reduced twice, on with multiple agents and being empty, that the owners should be keen to sell.

Considering there aren't many three bedroom houses in Chichester cheaper than this, it offers a decent opportunity. Considering its good position in the Stockbridge / Donnington area to the South of Chichester, along with the excellent sized rooms and seemingly good condition and this could make a great buy-to-let purchase for someone.

It should rent for around £950pcm meaning it would achieve a respectable 4.4% yield whilst the reasonable capital growth of 36% in a little over a decade shows it still has potential to gain further.

It is on the market with Cubitt & West and 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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