Monday 17 May 2021

BUY-TO-LET DEAL OF THE WEEK: 4 bed house in Chichester, £369,995, 4.9% yield

4 bed house in Chichester
Listed for sale on 11/05/21 @ £369,995
Rent = £1,500pcm
Yield = 4.9%

This four-bedroom house is on the Shopwyke Lakes development in Chichester and I think offers very good value indeed. That's despite it being relatively expensive at £369,995 compared to most of my buy-to-let picks and it being virtually a new-build. Importantly though, the new-build prices on the site seem much higher than this comparably, whilst this house remains in fantastic condition.

It's also a large property, with four bedrooms (although technically the fourth bedroom is a 'study' due to its small size). And in addition to what you'd expect of a newish build, two of the bedrooms have an en-suite, whilst there's also a good-sized kitchen/diner and neat rear garden.

I'd therefore expect it to rent for £1,500pcm due to its great condition, good size and the limited rental stock on the market currently. That would equate to a very strong 4.9% rental return, from a reasonably new freehold property that requires little to no works to be ready to rent. 

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

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