Summary:
2 bed house in Chichester
Listed for sale on 09/01/19 @ £230,000
Rent = £850pcm
Yield = 4.4%
Last sold for £200,000 in 2014 (+15% in 5 years)
2 bed house in Chichester
Listed for sale on 09/01/19 @ £230,000
Rent = £850pcm
Yield = 4.4%
Last sold for £200,000 in 2014 (+15% in 5 years)
It's only real downside is the size of bedroom two, which may put off a core market of city-centre apartment tenants - two sharers. For a young couple though (or an elderly couple as it's located on the ground floor) the second bedroom will likely be used as a study or occasional room and the large living space and good-sized kitchen would more than compensate.
With allocated parking and it's central location, I'd expect a rental figure of £850pcm, which would provide a 4.4% gross yield. As ever with apartments, bear in mind the lease, ground rent and service charges. Having last sold in 2014 for £200,000 it's now at a realistic price (having increased 15% in five years). Prior to that it sold for just £69,950 in 1996 (just as house prices were about to take off); more than tripling in value in the two decades after.
The property is on the market with Cubitt & West and full details can be found on Rightmove via the following link:
https://www.rightmove.co.uk/property-for-sale/property-59414481.html
If you 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