Maisonette Offering 5.3% Gross Yield...

I spotted this one bedroom maisonette this morning whilst looking through the latest property listings on Rightmove. Conveniently situated near to the pedestrian and cycle track which takes you to the train station, this property would be ideal for those commuting Monday to Friday. Similar properties nearby rent for between £550 and £595, depending on internal condition.

http://www.rightmove.co.uk/property-for-sale/property-50556910.html

Cubitt and West have the property on the market at £130,000, so if we assume a mid-range rental figure of £575pcm you are looking at a potential annual return of 5.3%, much better than you are getting at the banks at the moment.

If you would like any advice on buying a property to let, please feel free to give me a call on 01243 887887.

Chichester Property Boomers

Last month we discussed the rise of Chichester property values.

This week I thought it would be interesting to put some 'meat on the bones' and show a selection of properties that have demonstrated impressive capital growth over recent years. Figures courtesy of www.mouseprice.com :

Recent market activity 

Previous
sale pricePrevious
sale dateRecent
sale priceRecent
sale dateChange
(%)AER
(%)Address
 

£86,00025 Apr 08£250,00014 Jan 15190.70%17.19%Shippam House East Walls

£295,00010 Sep 13£370,00002 Mar 1525.42%16.61% Whyke Lane

£95,00018 Jan 13£130,00030 Mar 1536.84%15.36%Brampton Court Stockbridge Road

£280,00002 Nov 12£392,00013 Apr 1540.00%14.76%Salthill Road

£230,00006 Mar 09£485,00015 Apr 15110.87%12.98%Graydon Avenue

£95,00021 Dec 99£531,70622 Jan 15459.69%12.08%Westgate

£290,00031 Jul 13£350,00027 Mar 1520.69%12.03%Homestead Road

£140,00015 Sep 09£239,95016 Mar 1571.39%10.29%Maplehurst Road

£125,00016 Jan 13£150,00023 Feb 1520.00%9.05%Florence Road

£170,00023 Feb 11£237,95006 Mar 1539.97%8.70%Barnfield Drive