Monday, 17 October 2016

BUY-TO-LET DEAL OF THE WEEK: 2 bed flat in Westhampnett, £250,000, 4.8% yield

Tilemakers Close Westhampnett Chichester Flat

2 bed flat in Westhampnett
Listed for sale on 11/03/16 @ £285,000
Now = £250,000
Rent = £1,000pcm
Yield = 4.8%
Last week's buy-to-let deal was a two bedroom house in Westhampnett. This week I am suggesting you take a look at this two bedroom flat in Westhampnett. Regular readers of the Chichester Property News will know I favour houses rather than flats, so even with this flat being £25,000 cheaper than last week's house (which has since sold, showing it to be a decent pick) many will assume last week's selection is the better buy.

Well, maybe that's true. Particularly as this property has languished on the market for six months now. But then again, this flat has two parking spaces and it's own private garden and front entrance. As such it has the privacy and amenities many flats miss out on compared to houses. OK, it still has ground rent and service charges to factor in, but so do all of the houses on Goodwood land too. A price reduction from £285,000 to £250,000 is pretty handy too, particularly when you consider it would rent for around £1,000pcm; providing a decent 4.8% yield.

It is also in excellent condition, with neutral decor, a modern kitchen and bathrooms, gas central heating and double glazing. The kicker to this flat is its size: 964 square feet! That is positively huge compared to last week's two bed house (771 square feet); meaning you're getting 25% more space for £25,000 less!

It is on the market with Henry Adams 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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