Do semi-detached properties in Merrow Park make good investments for Buy to Let?

I was talking to someone who lives in a large detached house on the Merrow Park development. He wants to purchase his first Buy to Let property and has noticed our rental index and previous articles, so was interested in getting to know a little bit more about where he should invest to achieve a favourable gain.

As he has lived in a road off Kingfisher Drive, in the Merrow Park area for over 8 years, he now feels comfortable with the idea of investing there as he knows the development well, so we started to discuss the property market in Merrow Park. 

Kingfisher Drive, Merrow Park provides many investment opportunities

Firstly, we found that 145 semi-detached houses have sold in Merrow Park since the year 1999. Property values in Guildford have risen on average by around 171% over the last 15 years but most semi-detached properties on the Merrow Park have beaten that rise. 

Typical 3 bedroom houses in Tychbourne Drive

When we look back to 1999, a three bedroom semi-detached property in Tychbourne Drive, Merrow Park was purchased for £136,000 and sold in 2007 for an impressive £296,000. With excellent capital growth you would expect yields to be comparatively low, but most three bedroom properties on Merrow Park can be picked up from £350,000 to £415,000 and could have achievable rents of £1500 to £1750 per month. This means annual yields can be around a reasonable 5.5%.

If you would like to talk to us about your potential investment, please call 01483 320 207 or email richard@guildfordpropertyblog.co.uk for a chat about where to invest in the local area.