Monday 16 May 2016

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £259,950, 4.5% yield

chichester house
3 bed house in Chichester
Listed for sale on 11/05/16 @ £259,950
Rent = £975pcm
Yield = 4.5%
New to the market this week is a three bed end terrace house on the popular Swanfield Park development, just behind St. Richards Hospital.

The tape across the appliances and water outlets give the game away - it's a repossession (or 'corporate sale' in agent jargon). You don't see too many repossessions in Chichester, such is the strong capital growth there's normally a way out before the situation becomes so desperate.

Good sized rooms in decent ready-to-rent order in a good location should mean tenants are relatively easy to find for this modern house. A rental figure of around £975pcm would provide a solid 4.5% yield.

One thing to check is the mention of a lease (expiring in 2101). Abit like some of the Westhampnett estates built on Goodwood land, some freehold properties in Chichester do still fall prey to being leasehold with ground rent and the need for a lease extension on the horizon.

It is on the market with Sims Williams 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:

c/o CRJ Lettings, 30B Southgate, Chichester, West Sussex, PO19 1DP

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