This house in Fishbourne is presented in nice condition and benefits from three double bedrooms, off-road parking and a private garden, making it an excellent proposition as a rental property.
It will be popular with a variety of tenants - be they sharers who won't have to argue over having a box room or more traditional tenant types for the area, such as young professionals or young families. Fishbourne is a quiet (but growing) village with a well-regarded primary school, pubs, village centre and good transport links, with easy access to the nearby A27 or Fishbourne's own train station.
Having just been listed at £290,000, a three-bedroom house in the area for that price is a good proposition. It last sold for £227,000 in 2014, so has seen decent growth of 28% in the past seven years. I'd expect it to rent for £1,150pcm given the severe lack of supply at the moment (there are only 4 three-bedroom houses in Chichester currently available to rent). That would equate to a decent 4.8% rental yield on what should be a relatively hassle-free and simple to let property.
