BUY-TO-LET DEAL OF THE WEEK:3 bed house in Chichester, £325,000, 4.4% yield
Summary: 3 bed house in Chichester Listed for sale on 22/09/16 @ £325,000 Rent = £1,200pcm Yield = 4.4%
I've picked similar properties as this from phase one of the Graylingwell Park estate as previous buy-to-let deals of the week. It is a popular estate with owner occupiers and tenants alike, so should give a good mix of strong rental potential along with solid capital growth.
It has been on the market for a little over a month, priced at £325,000. Considering it will rent for around £1,200pcm, that would offer a decent 4.4% yield from a modern property that is in excellent condition and should suffer from little need for maintenance. It also seems good value compared to the asking prices of the new properties being built on Graylingwell Park now.
Unfortunately it isn't one of the property's on the street that benefits from solar panels, which don't seem to hold any value in the eyes of estate agents by way of asking price but provide an extra £150pcm or so of income.
Never the less, if you like modern properties that should provide a relatively hassle-free buy-to-let experience, this house could be worth a look.
If you are looking for an agent that is well-established, professional and communicative in Chichester, then contact us to find out how we can get the best out of your investment property.
No comments:
Post a Comment