Monday 26 September 2016

BUY-TO-LET DEAL OF THE WEEK: 2 bed house in Fishbourne, £234,950, 4.6% yield

Mosse Gardens, Fishbourne property
Buy-to-let lounge

2 bed house in Fishbourne
Listed for sale on 15/09/16 @ £234,950
Rent = £895pcm
Yield = 4.6%
Last sold for £195,000 in August 2007 (+20.5% in 9 years)
New to the market this week is this good-sized two (double) bedroom house in Fishbourne; a popular area just to the West of Chichester. At £234,950 it is well-priced, considering similar houses have been advertised around the £250,000 mark recently.

It could, however, need some money spent on updating it a little, with the decor and kitchen needing a lift. The bathroom isn't photographed, so that may be because it also needs replacing. The details don't make it clear whether the house has double glazing, which would be another expensive item to install to bring it up to excellent modern standards. It does have gas central heating throughout though.

Two bedroom houses are always desirable and quick to let. This house should achieve £895pcm once in a tip-top condition and I believe would see solid capital growth in the future (it last sold for £195,000, close to the peak of the market in August 2007, and so has increased a little over 20% since then).

It is definitely worth a viewing to assess what work needs doing to bring what would be a great long-term addition to any portfolio up to scratch.

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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