Is it possible to achieve 5% in the centre of Guildford?

If your tenants like the idea of being able to walk along The River Wey for 10 minutes to go shopping in the town centre then they will love this flat, as it has private access onto the River's towpath.

The Meadows is a sought after block of flats because of its proximity to both the River and town centre.

A 5% return is possible in the centre of Guildford

http://www.rightmove.co.uk/property-for-sale/property-52167860.html

This second floor flat is a spacious, light and airy 2 bedroom property in a development with large windows overlooking manicured grounds and views over Guildford. 

The flat is in a condition ideal for renting with the exception of the kitchen. This will need to be modernised. Once this is complete the property will attract a rental up to £1,495 pcm. If the price accepted were (say) £300,000 an investor could expect a gross yield circa 5%, which is a reasonable figure for a property just 15 minutes walk from the mainline railway station.

Once again this does not take into account payments to be made for the service charge and ground rent.

What the agents, Gascoigne-Pees, love most about "this lovely flat is the spacious accommodation, enviable view, brightness, access to beautiful walks and the long lease".

It is therefore likely to receive an offer very soon.

Call 01483 320 207 or email richard@guildfordpropertyblog.co.uk to discover the latest property prices in Guildford plus details of our top investment opportunities rarely made public other than to our local network of Guildford property investors.