Summary:
3 bed house in Chichester
Listed for sale on 19/10/18 @ £300,000
Rent = £1,100pcm
Yield = 4.4%
Last sold in 1995 for £70,000 (+329% in 23 years)
Listed for sale on 19/10/18 @ £300,000
Rent = £1,100pcm
Yield = 4.4%
Last sold in 1995 for £70,000 (+329% in 23 years)
The fundamentals are there - double glazing (to most doors and windows - something to check), gas central heating and a very nice kitchen. The shower room could do with replacing to a bathroom ideally, so as to appeal to families, and overall a change to some carpets and décor will help freshen it up. With these small improvements there'll be a very nice family home up for grabs. I'd expect it to rent for at least £1,100pcm, which would provide a decent 4.4% yield based on that £300,000 asking price. It might even get a smidge more when you factor in the garage.
It's clear from a few of the photos that it's been in the same ownership for some time. The sales data backs this up - it was last sold in 1995 for the princely sum of £70,000. That means it's more than quadrupled in price since John Major was Prime Minister and Tony Blair was promising that things "could only get better" (read as 'more expensive'!)
The property is on the market with Purplebricks and full details can be found on Rightmove via the following link:
https://www.rightmove.co.uk/property-for-sale/property-68046931.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
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