Monday, 25 January 2021

BUY-TO-LET DEAL OF THE WEEK: 3 bed house in Tangmere, £315,000, 4.8% yield



Summary:
3 bed house in Tangmere
Listed for sale on 07/01/21 @ £315,000
Rent = £1,250pcm
Yield = 4.8%

This nice-sized three bedroom house in Tangmere is on a newish estate (built circa 2018/19), meaning it's modern throughout and in very good condition. Set over three floors it has well-proportioned rooms, included two large double bedrooms and a further single bedroom.

Outside there is a South-facing garden, which is a little bigger than most new-build plots (although the quality of grass installation isn't much better looking at the photos!), plus there's a garage and driveway.

This would therefore make a lovely family home, which I believe should rent for £1,250pcm. That figure would equate to a 4.8% rental return based on the asking price of £315,000. That's a very decent return for a nearly-new freehold property in a growing and popular village. 

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


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