Monday 11 September 2017

BUY-TO-LET DEAL OF THE WEEK: 4 bedroom house in Chichester, £325,000, 4.4% yield

pound farm road, chichester
4 bedroom house in Chichester
Listed for sale on 15/08/17 @ £350,000
Now = £325,000
Rent = £1,200cm
Last sold for £80,000 in June 1999 (+306% in 18 years)
Yield = 4.4%
This is the cheapest four bedroom house currently for sale in Chichester. You could argue it is in fact a three bedroom house, seeing that one of the bedrooms is downstairs. But I think the size of the property allows this extra room to be called a bedroom, so let's go with this being a four bedroom house close to the centre of Chichester, priced at £325,000.

Having only been on the market a few weeks it has already been reduced by a not insignificant £25,000; that's 7% off the original asking price! Don't feel too bad for the owners though - they paid just £80,000 in 1999 for the property, meaning they've seen more than a 300% increase in the 18 years they've owned the house. That is an impressive return and one that again stresses the point of property being a fantastic long-term investment.

The house has good sized rooms, a modern bathroom and kitchen, gas central heating and double glazing, a large garden, garage and off road parking for three cars.

With its close proximity to Chichester's city centre, this could be a great investment for a family or for use as a sharer or student home. A likely rent of £1,200pcm would provide a decent 4.4% return on that £325,000 asking price, but if you were to rent it to students or sharers you are likely to be able to utilise the space even better and increase that return further.

It is on the market with Purple Bricks 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


Rental valuation

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