BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Fishbourne, £350,000, 4.3% yield
Summary:
3 bed house in Fishbourne Listed for sale on 01/02/19 @ £350,000 Rent = £1,250pcm Yield = 4.3% Last sold for £249,000 in 2009 (+41% in 10 years)
This large three-bedroom townhouse in Fishbourne could make a great buy-to-let purchase for a canny landlord. Previously sold ten years ago for £249,000, it has risen 41% since to sit at today's asking price of £350,000.
The core reason I believe it offers good value is its size - with 1,327 square feet of space, that equates to just £264 per square foot - well below the £366 average for Chichester and £345 average for Fishbourne. With three double bedrooms, a kitchen/diner, good-sized lounge and a conservatory it will create a great family home, which I believe will achieve £1,250pcm. This house could therefore provide a 4.3% rental return, which may not be as high as some yields I've highlighted, but its good size and value for money should mean it lets promptly. It's also in a very good condition and seemingly needs to no work prior to letting, except perhaps some minor decoration to 'neutralise' things.
The property is on the market with Kenton Budd and full details can be found on Rightmove via the following link:
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:
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