Monday, 6 June 2016

BUY-TO-LET DEAL OF THE WEEK: 2 bed flat in Chichester, £189,950, 5.0% yield

chichester buy-to-let flat
2 bed flat in Chichester
Listed for sale on 23/03/16 @ £189,950
Rent = £795pcm
Yield = 5.0%
For a sub-£200,000 investment in a Chichester property right now, I think this two-bed apartment in the Parklands area of Chichester is right up there. At this price range we're no longer able to look at freehold properties, so finding an apartment with two bedrooms and a garden goes a long way to bridging the gap between a flat and a house.

Parklands is a family-orientated area of Chichester, what with its close proximity to the well-regarded Parklands Community Primary School (rated 'good' by Ofsted) and Bishop Luffa Secondary School (rated 'outstanding' by Ofsted). This is why there are mostly (3 bed) houses in Parklands designed for families, but this large two bed apartment is an ample size to accommodate a couple and a young child and hence is why the addition of a garden is so important.

It's been on the market for a few months now at £189,950 and is in a good condition throughout, complete with gas central heating and double glazing. It should rent pretty quickly at around £795pcm, producing a 5% yield. This is pretty good for Chichester, particularly when the service charges are only £230 per annum (as ever, ensure you check the lease for length and maintenance details).

It is on the market with Charles Peck 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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