Monday, 4 September 2017

BUY-TO-LET DEAL OF THE WEEK: 3 bedroom house in Chichester, £280,000, 4.3% yield

3 bed house, Charles Avenue, Chichester
3 bedroom house in Chichester
Listed for sale on 26/08/17 @ £280,000
Rent = £995pcm
Yield = 4.3%
This is a pleasant three bedroom house in good condition that would make for a relatively simple 'vanilla' buy-to-let property in Chichester. Whilst Charles Avenue isn't the most sought after part of Chichester, it is in a decent location and its relative inexpensiveness means it has both room for its house price to grow, whilst catering to a large number of tenants looking for a relatively cheap three bedroom house in Chichester.

Relatively cheap in this instance translates to an asking price of £280,000 for a property that is likely to rent for around £995pcm. That would produce a decent 4.3% yield - not mind blowing but very respectable for a freehold property seemingly in decent condition.

It has a modern bathroom and kitchen, neutral décor and pleasant gardens to the front and rear. It is therefore perfect for a family who want to be close to Chichester's city centre, whilst maintaining a sense of space and off-road parking. It has double glazing and gas central heating as well as the addition of a conservatory - further adding space to an already decent sized home.

Many of the properties in Charles Avenue have been converted to use for sharers, by way of creating a 4th bedroom out of part of the lounge. Whilst you could certainly do that with this house, I feel it is more suited to staying as is; a good size family home in decent condition.

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


Rental valuation

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