Located in the village of Boxgrove (about 3 miles to the east of Chichester) - a location that is always very popular with tenants that work at nearby Rolls Royce and the Goodwood Estate.
The flat looks compact and neat, ideal for a single professional. With a few small improvements here and there (perhaps by upgrading the kitchen cupboards and flooring, and maybe changing the colour of the bedroom carpet to lighten the room) this property should easily rent for £550pcm.
There is also over 100 years remaining on the current lease, and a very modest combined maintenance and service charge of just £210.
On the market with local agents Sims Williams at £129,950, a purchase at the asking price could return a gross yield of 5.08%. If you were lucky enough to negotiate a better price then you certainly would be laughing!
Well worth a look in my opinion - http://www.rightmove.co.uk/property-for-sale/property-34411542.html
Have a great Bank Holiday weekend.
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