Another opportunity to realise a 5.9% return, on London Road

These flats are always popular because they provide views over Stoke Park and are a short, 10 minute walk from both London Road station and the town centre. In this instance Gascoigne Pees, the agents state there is no onward chain so it is expected this property will be sold very soon.

This substantial 2 bed flat should deliver a 5.9% return

The accommodation comprises of two bedrooms, two reception rooms, kitchen, bathroom and a separate WC. All of the room sizes are larger than those in most flats in Guildford. For example, the L-shaped lounge measures approximately 25' x 17', with room for a study or dining area. The existing dining room could become bedroom 3 if a family were to purchase the flat, or an investor wants to maximise his rental income by renting out three bedrooms.

There are communal gardens with two garages in an external block. 

Further details are available using this link - http://www.rightmove.co.uk/property-for-sale/property-35289654.html

Most notably, a similar, modernised flat in the same development was listed on the market recently for £525,000 yet had no separate dining room. This suggests that this flat has the potential to realise an immediate capital gain if a new kitchen and bathroom are installed.

Assuming the third bedroom is added the potential rental could reach £2200 pcm and if the asking price of £450,000 is attained I expect the gross yield to be as much as 5.9%. There should be no problem in renting this flat out considering it's proximity to both the station and town centre.

Want to have a chat about Guildford property values and where the areas are to invest? Call me on 01483 320 207 or drop me an email richard@guildfordpropertyblog.co.uk