Monday, 3 October 2016

BUY-TO-LET DEAL OF THE WEEK:3 bed house in Chichester, £250,000, 4.8% yield

Windsor Road Chichester house

3 bed house in Chichester
Listed for sale on 28/09/16 @ £250,000
Rent = £1,000pcm
Yield = 4.8%
Last sold for £195,000 in July 2006 (+28% in 10 years)
New to the market this week is a keenly priced three bedroom house on Windsor Road in the Arundel Park development in Chichester. I say keenly priced because it is amongst the cheapest three bedroom houses in Chichester and at £250,000 its price tag is only slightly more than nearby two-bedroom houses have been selling for recently (£220,000-£240,000).

I think the marketing is pretty weak - the photos aren't great and there's no floorplan, which will probably lower the number of enquiries it receives and thus give you a chance to get it at a decent price.

If you do, you may find it would benefit from a light refurbishment so it can achieve its potential rent of around £1,000pcm. This would provide a decent 4.8% yield from a property that is some £80,000 cheaper than a very similar (albeit a bit larger and detached) house on the same street.

It last sold 10 years ago for £195,000 so has increased 28% in the past decade, which is slightly stronger than the 24% average seen throughout Chichester.

It contains a slight contradiction in the details as 'the owner says' he's in no rush to sell...but it's perfect for someone looking for a fast sale...

It is on the market with Cubitt & West 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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