Monday, 30 November 2020

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Chichester, £260,000, 4.6% yield

3 bed house in Chichester
Listed for sale on 21/07/20 @ £280,000
Now = £260,000
Rent = £1,000pcm
Yield = 4.6%

This three-bedroom terraced house is a rock-solid 'vanilla' buy-to-let property. It's close to Chichester's St Richard's Hospital and has good-sized accommodation, including two double bedrooms and a large single.  

It was first marketed for £280,000 in July, has subsequently been reduced in price twice and now stands at £260,000 - which makes it the cheapest three-bedroom property currently for sale in Chichester.

It could do with redecoration and new flooring, but would then be a neutral 'box' of a house ready for a young family to move into. It already has a modern kitchen and bathroom, as well as a downstairs cloakroom and the addition of a (small) conservatory. It also has the more expensive upgrades already sorted, with double glazing and gas central heating in place.

It should very quickly get snapped up for £1,000pcm, which would equate to a decent 4.6% rental yield from a freehold house in Chichester. It's not the most imaginative property from the outside, but it's decent stock available at a good price so is definitely worth a look.

The property is on the market with Purplebricks and full details can be found on Rightmove via the following link: 

No comments:

Post a Comment