Monday 12 December 2016

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £260,000, 4.6% yield

grove park chichester house
grove park chichester kitchen
grove park chichester lounge
3 bed house in Chichester
Listed for sale on 07/12/16 @ £260,000
Rent = £995pcm
Yield = 4.6%
This week's buy-to-let deal is a Christmas cracker! It is beautifully presented...flawless in fact! It's a three bedroom mid-terrace house and would appeal to families, aided by two good sized double bedrooms and a smaller single.

Downstairs there is a modern kitchen come dining space and open plan lounge - open plan being popular amongst many families. It also has a good sized (South-facing) garden, a garage, gas central heating and double glazing.

There really is nothing to do to the house before moving tenants in and I think £995pcm is a realistic figure for such a well-presented home, even if it is in one of the less-popular parts of Chichester.

There have been five similar properties sell in Grove Park in 2016, with prices varying between £220,000 and £245,000. On that basis, with an asking price of £260,000, you could argue this house is overpriced, smashing the ceiling price on the street by some £15,000. If it weren't for the immaculate condition of the property I might be inclined to agree, but delving into the others that sold they all needed work doing to them (and money spending on them).

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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