Monday 19 August 2019

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Tangmere, £265,000, 4.8% yield

3 bed house, Neville Tangmere
3 bed house in Tangmere
Listed for sale on 24/07/19 @ £279,950
Now = £265,000
Rent = £1,050pcm
Yield = 4.8%

This three-bedroom house in Tangmere has only been on the market for a few weeks and yet that's long enough for the owner to have reduced the price from £279,950 to £265,000.

Three years ago I wrote an article about townhouses in Tangmere ( and at that time an identical house to this one (albeit with a garage) was for sale at £299,950!

There's also an identical house on the same street for sale with another agent for £279,950 and similar homes have sold nearby for between £280,000 and £300,000 in recent years.

Factoring all this together makes it appear to be a great value property, backed up by a very solid 4.8% rental return, based on it letting for £1,050pcm. The bedrooms are all of a good size and being relatively modern the house is in good condition.

Tangmere is becoming ever more popular amongst families and townhouses like this often prove popular with tenants looking for a good amount of space at a reasonable price.

The property 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

Chichester rental valuation

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