Monday, 16 January 2017

BUY-TO-LET DEAL OF THE WEEK: 2 bed house in Chichester, £200,000, 5.3% yield

Oving road, Chichester house
2 bed house in Chichester
Listed for sale on 22/12/16 @ £200,000
Rent = £875pcm
Yield = 5.3%
OK, so this is in fact the cheapest two bedroom house in Chichester - for sale at £200,000. It is, however, an auction property and as such that price is likely to be eclipsed by the eventual winning bidder (if I had to make a guess on the eventual price the gavel with go down on I'd go with £225,000-£230,000).

The attractive 5.3% yield therefore is not likely to be accurate as it's based on getting the property for £200,000 and renting it for £875pcm. There's also no internal pictures so I've no idea what condition the property is like inside - it may or may not require refurbishment.

One thing I do like about the house is it's proximity to the Oving Road. That may be an odd thing to say, but when you consider the Oving crossroads are due to close (although there is another last minute chance of this not happening) then suddenly the traffic will be far lighter - and it's current close proximity to a busy road that is stifling its current value will be less of a negative.

A little local knowledge of things like that can prove the difference between a good and a poor investment - another reason to keep reading the Chichester Property News to stay abreast of developments to Chichester's property market.

It is on the market with Romans Auctions 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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