Buy-To-Let Deal Of The Day - Would have Goodwood/Rolls Royce tenants queuing up!

When looking for a buy-to-let investment it is important to do your homework on major nearby attractions and employers, as these are likely to provide a constant source of tenants for your property.

Chichester is no exception, and with a large NHS hospital, University, as well as Goodwood Racecourse and Rolls Royce, it is no wonder that we enjoy such a buoyant lettings market.

Having a good look through the Rightmove listings this morning I noticed this two bedroom apartment close to the A27 which is just a short drive (or cycle/jog if feeling brave!) from both Rolls Royce at Westhampnett and Goodwood Racecourse.

http://www.rightmove.co.uk/property-for-sale/property-53653742.html

On the market with Gilbert and Cleveland at £199,950, this modern two bedroom apartment would need minimal work doing to it in preparation to rent, and with a healthy and ever-replenishing stock of tenants, a landlord would be unlucky to experience any tenancy voids. In terms of rental yield, you would be looking at £795pcm which would return a 4.8% gross annual return (based on the asking price).