Monday 24 August 2015

Buy-To-Let Deal of the Day - 4.6% Gross Yield and £134 Per Week Rise in Value!

This property in Little Breach caught my eye this morning as a decent buy-to-let opportunity. Positioned on the doorstep to the well regarded Jessie Younghusband school (which recently received an 'Outstanding' Ofsted review) this property would be snapped up quickly by working families. 


This particular property, on the market with Cubitt & West estate agents at £315,000, appears to be in good order throughout, with an attractive kitchen, as well as a garage and driveway. 

Rents for similar properties in Little Breach currently fetch £1200pcm, which would return a steady gross yield of around 4.6%. Having researched current values in the street, prices have also risen by just over £7000 over the last 12 months (or £134 per week!) which would also provide a potential investor with healthy capital growth. 

Friday 7 August 2015

Buy-To-Let Deal of the Day - Substantial family home for long term tenants

I was speaking to a landlord last week who lives in Surrey and is looking to expand his property portfolio in the Sussex area. He already owns a lovely three bedroom bungalow in Birdham which has consistently let to families who have stayed, on average, between 4-5 years. Having good quality, long-term tenancies is a big driver for him, and he is looking for properties that offer similar opportunities in the Chichester area.

We established three main focuses for his property search:

1. Proximity to good local schools and transport links
2. High standard of cosmetic finish to attract the best calibre of tenant and minimise expenditure
3. Opportunity for strong capital growth


Looking through Rightmove we noticed a modern four bedroom family home in the village of Nutbourne, close to the sought-after Chidham Schools, and Bosham railway station.

http://www.rightmove.co.uk/property-for-sale/property-35636277.html 

On the market with Whiteheads estate agents at £389,995, a landlord could expect to receive a rent of around £1450pcm - providing a gross yield of 4.5%. More interestingly, however, is that house prices have risen in Nutbourne village by 9.10% on average over the last 2 years, representing a whopping £30,539 in capital growth!