Monday 20 June 2016

BUY-TO-LET DEAL OF THE WEEK: 2 bed house in Chichester, £229,950, 4.7% yield

chichester house

2 bed house in Chichester
Listed for sale on 27/05/16 @ £229,950
Rent = £900pcm
Yield = 4.7%
Last sold in March 2012 for £170,000 (+29% in 4 years)
Here is a large two bedroom semi-detached house on the Arundel Park estate in Chichester. Amongst the cheapest two-bed houses you can buy in Chichester (and yet some £50,000 more than it sold just four years ago) it could make a great buy-to-let purchase.

It is in a decent condition with modern kitchen and bathroom, neutral decor, gas central heating and double glazing. In short, it's ready to rent from day one so there's little to no work (or extra money) required.

It benefits from having two double bedrooms so it should rent quickly to a variety of tenants for around £900pcm. I've just let a two bedroom house around the corner that was a fair bit smaller for £875pcm, albeit that one was in top condition and came with a garage which this house is lacking. It does, however, come with two allocated parking spaces. As ever, I found demand for two bed houses in Chichester was strong and the house rented quickly.

The fact two bedroom houses in Chichester continue to increase in value and yet still remain your cheapest entry into a freehold property with a garden in Chichester should continue to be positive for this property's long-term capital growth alongside continual tenant demand and a solid rental return.

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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