BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £290,000, 5.0% yield
Summary: 3 bed house in Chichester Listed for sale on 06/02/17 @ £290,000 Rent = £1,200pcm Yield = 5.0%
This week's buy-to-let property is on the outskirts of Chichester's city centre, in the popular Little Breach. It offers great potential to refurbish a really good sized property (996 square feet) sited on a nice plot. With double glazing, gas central heating and fantastic sized rooms, a cosmetic overhaul of the property (decoration, flooring, kitchen and bathroom) would really make this an excellent three bedroom home in a great location.
As such, it would rent for around £1,200pcm once refurbished, providing an excellent 5% yield based on paying the full asking price of £290,000 (but not including refurbishment costs). I think it would also add serious value to the property, seeing how other similar properties in the street have sold for £330,000-£350,000.
It is on the market with Henry Adams and full details can be found on Rightmove via the following link: http://www.rightmove.co.uk/property-for-sale/property-64475411.html THIS PROPERTY IS UNDER OFFER.This was released to our newsletter readers on Friday and was such a good property it has gone under offer over the weekend. If you wish to be amongst the first to receive the buy-to-let deals of the week then click here www.tinyurl.com/ChiPropertyNews.
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