Monday, 23 January 2017

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Fishbourne, £310,000, 4.5% yield

Cuckoo Fields, Fishbourne, Chichester house
3 bed house in Fishbourne
Listed for sale on 16/01/17 @ £310,000
Rent = £1,150pcm
Yield = 4.5%
New to the market this week is a three bedroom house in Fishbourne.

Longer term readers will know I like Fishbourne as an area and have posted a few similar houses as previous buy-to-let deals of the week. A couple of years ago I posted a three bedroom house nearly identical to this one, which at the time (February 2015) was being advertised for £275,000.

With today's property being listed at a still realistic £310,000 (only £13,000 more than a nearby two bed house) that represents an increase of 13% in a couple of years compared to the nearby house. Interestingly the £275k property was withdrawn from the market (perhaps they realised it was underpriced) and relisted a year later for £295,000.

It shows there has been a steady increase in the value of properties such as these and I expect this to continue, particularly as Fishbourne is unaffected (and may even benefit from) the uncertainty surrounding the A27.

It is also interesting to note that two years ago I suggested a rental figure of £1,050pcm, whereas now I would expect to achieve £1,150pcm. That means that even though the price has increased £35,000 in two years, the yield is virtually the same. Unfortunately you'll now have the 3% extra stamp duty to pay of course!

Modern family houses in this area rent well due to their contemporary kitchen and bathrooms, en-suite to the master bedroom and the bonus of a garage. It has the almost to be expected double glazing and gas central heating and being just five years old should be relatively maintenance free for the foreseeable future.

It is on the market with Treagust & Co 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

Chichester rental property valuation

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