Monday, 15 August 2016

BUY-TO-LET DEAL OF THE WEEK: 2 bed house in Tangmere, £200,000, 5.0% yield

tangmere churchwood drive house
tangmere buy to let kitchen
tangmere buy-to-let lounge

2 bed house in Tangmere
Listed for sale on 09/08/16 @ £200,000
Rent = £825pcm
Yield = 5.0%
Last sold for £172,000 in March 2012 (+16% in 4.5 years)
This is a lovely two bedroom house that is ready to rent out straight away with a neutral decor and a modern kitchen and bathroom. It also has (the almost obligatory nowadays) double glazing and gas central heating.

It is located in Tangmere, which is an area I have highlighted for some time as offering good value for money, yet is growing in popularity due to its proximity to both the A27 and Chichester. There is also quite a lot of new housing being built in Tangmere, whereby two bedroom houses start at £255,000; so the older stock like this increasingly looks like decent value.

It's not the biggest of houses (even with a ropey lean-to added on to the rear), so a conservative rental figure of £825pcm should see it rent quickly for those wondering whether they could pay just a little more to get two double bedrooms elsewhere.

Tangmere is indeed proving itself to have been a shrewd area to invest in, as this property has increased by 16% in the 4.5 years since the vendors paid £172,000 for it and rents in the area have been steadily increasing in the past couple of years (when a similar property would have rented for around £775pcm).

It is on the market with Treagust & Co 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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