Summary:
3 bedroom house in Tangmere
Listed for sale on 05/06/18 @ £290,000
Now = £280,000
Rent = £1,150pcm
Yield = 4.9%
Last sold for £250,000 in 2010 (+12% in 8 years)
3 bedroom house in Tangmere
Listed for sale on 05/06/18 @ £290,000
Now = £280,000
Rent = £1,150pcm
Yield = 4.9%
Last sold for £250,000 in 2010 (+12% in 8 years)
This three-bedroom townhouse in Tangmere could be an excellent prospect as a buy-to-let investment. A modern house with nothing required prior to letting but a little decorating makes it a simple investment for the more hands-off landlord. This is also among the larger townhouses within this development, yet as I wrote a couple of years ago (Which townhouse in Tangmere is the best buy?) this doesn't always get reflected in the asking price.
And that asking price of £280,000 (recently reduced from £290,000) is, to me, something of a bargain. 1,136 square feet of modern floorspace for that price is excellent value for money. The fact it should rent for around £1,150pcm will provide a generous 4.9% rental return - which is good for single-lets within Chichester and the surrounding areas, especially when you consider this is a freehold property in excellent condition.
It last sold for £250,000 in 2010 - so it's current asking price is just 12% more than was paid eight years ago, whereas Chichester as a whole has seen house prices increase an average of 47% in that time!
When you consider what else is available in Tangmere, this is up there amongst the cheapest three-bedroom houses. Smaller new-build townhouses are up for £334,000, so the more I look at this property and research deeper, the more it looks like a truly excellent buy.
The property is on the market with Purple Bricks and full details can be found on Rightmove via the following link:
https://www.rightmove.co.uk/property-for-sale/property-65634337.html
If your are looking for an agent that is well-established, professional 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 clive@crjlettings.co.uk 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:
E-mail me on clive@crjlettings.co.uk 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
No comments:
Post a Comment