The Bosham Buy-To-Let Market

You may recall that last week we discussed a two bedroom apartment in Old Bosham as our buy-to-let 'deal of the day'. As we thought, the property didn't hang around for long and a sale was agreed within 48 hours of marketing! This provoked a discussion in our office as to why Bosham is such a popular and desirable place to live and invest in buy-to-let property.

Firstly, we looked at the available housing stock in Bosham. We found that out of 6,650 properties in the PO18 postcode sector, only 7.24% were apartments. Compare this to the national average of 17.42%. This implies that apartments in Bosham are few and far between. One of the most common demographics of tenant we have on our books are professional singles/couples looking for one or two bedroom properties - put simply, demand outweighs supply!

We also looked at the average house price in Bosham. The average price paid for apartments is currently £222,300, which has seen an increase of over £47,500 (or 27.28%) over the last 5 years. Compare this to the similar sized village of Tangmere to the east of Chichester which has seen a far more modest increase of just over 13% for the same profile of property. 

For those of you who are not too familiar with the local area, Bosham also boasts it's own railway station and is close to the A259 which runs parallel to the A27 dual carriageway, ideal for tenants who need to commute into Chichester, Portsmouth or beyond.

The above factors are key indicators that all landlords should be taking into account when considering any purchase.

As always, if you are thinking of investing in the local buy-to-let market please do give myself or our team a call on 01243 887887 for free, no pressure advice.