Those of you who are familiar with the local BTL market will know that yields in our larger neighboring cities, such as Portsmouth, Brighton and Southampton can often warrant double-figure returns. Chichester, being an affluent Cathedral City brings with it a never diminishing demand for housing, thus local investment landlords often have a long-term strategy in mind to maximise their capital growth over time.
There are, however, plenty of opportunities out there that give the best of both worlds - a healthy gross yield plus strong capital growth.
We have just taken onto the Sales market a two bedroom ground floor apartment in Old Bosham. The flat has always rented well for £875-895pcm attracting single professionals as well as professional sharers (Rolls Royce, St Richards hospital staff, for example).
On the market at £235,000, a purchaser could expect to see a return of 4.6% based on the higher rental estimate - very good indeed locally.
Further still, as the property is situated within a converted Vicarage, the apartment oozes character which will always appeal when considering selling the property in future. Prices in Walton Lane have increased by almost 20% over the last 5 years, making, in my opinion, a very attractive buy-to-let proposition.
For more information on this particular property please give me a call on 01243 887887, email matt.berry@martinco.com or visit http://www.rightmove.co.uk/property-for-sale/property-40015452.html
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