Monday, 12 February 2018

BUY-TO-LET DEAL OF THE WEEK: 3 bedroom house in Chichester, £350,000, 4.5% yield

3 bed house, Bishopsgate Walk, Chichester

3 bedroom house in Chichester
Listed for sale on 03/02/18 @ £350,000
Rent = £1.300pcm
Yield = 4.5%
This week's buy-to-let deal of the week in Chichester is a three bedroom house close to the city centre. It's an unusual pick for me as it isn't necessarily 'cheap' compared to some three bedroom houses in Chichester, but it's location and size means it needs a closer look.

Put simply, it's located in Bishopsgate Walk - a private estate very close to the Eastern walls of the city that is well-looked after and very popular with home owners and tenants alike. The beauty of this particular house is it is set over three levels, and I believe the L-shaped second bedroom is large enough to be split in two - creating a four bedroom home. Yes, the fourth bedroom would be a 'box' room, but that's not unusual with four bedroom houses and the other three bedrooms would all be good sized doubles. If you were to consider it as a four bedroom house in this location, suddenly it becomes cheap and it would surely increase the rental value too.

It has an en-suite to the master bedroom on the top floor, a shower-room (shame it's not a bathroom) on the middle floor and a cloakroom downstairs. It has good sized rooms throughout and value could be added by installing a new kitchen (the shower rooms are already in decent condition). There is a large conservatory adding to the space downstairs, as well as double glazing and gas central heating. Plus it has the bonus of a garage.

I believe its prime location will help it do well in regards to future capital growth, and the ability to add value inside and create a fourth bedroom also means an anticipated rental value of £1,300pcm would provide a decent 4.5% yield.

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


Chichester rental valuation

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