Probate property to offer investor potential £75,000 uplift

This 3 bedroom detached property requires complete refurbishment, having not been modernised for many years. It is being marketed by our friends at Clarke Gammon Wellers, on the order of the Executor and should be priced to sell quickly.

House in need of complete refurbishment

There is a kitchen but professional advice will be required to ascertain whether the property is mortgageable.

Kitchen needs replacing 

The house is clean and has been cleared but requires re-plumbing, re-wiring, new heating, new kitchen and bathroom facilities, new windows and redecoration throughout so will offer the purchaser a project on which to make money. The asking price is £450,000 but should re-value somewhere north of £500,000. Next door was sold 2 year's ago for £475,000 but is now worth an estimated £525,000. 

The house is located in Stocton Road, an area popular with both young professionals and students so will rent out quickly. It is located across the road from Guildford College. There is also an ageing population that have resided in the street for many years to offer an interesting blend of inhabitants, providing a friendly community. The street is close to Guildford town centre and within walking distance of both London Road and mainline railway stations.

http://www.rightmove.co.uk/property-for-sale/property-35015859.html

If you would like advice about what could make a good investment, please call 01483 320 207 or email richard@guildfordpropertyblog.co.uk