Cherry Tree Avenue offers the cherry on top of the cake

This property is on the market with our friends at Cavenders and is located in another favourite street of mine, Cherry Tree Ave, in the Ashenden Estate (featured in a previous article). This is an area popular with both families and sharers, whether students or professionals. This is because the house is 5 minutes walk away from the local Tesco supermarket and not much further from the University of Surrey; the Royal Surrey County Hospital and the Surrey Research Park, where there is plentiful employment.

5% in Cherry Tree Avenue

The house has three bedrooms and two reception rooms so it has scope to use one of the reception rooms as a bedroom to provide 4 bedrooms in total, should an investor want to maximise their return on investment. If they did the return on a shared rental property like this would be 6% or more, before overheads, which is generous by local rental property standards.

The investor might require a budget to cover building works too, as this spacious house offers great potential to update and modernise. This would allow the buyer to set his property off against other houses in the area, to attract higher-paying tenants wanting modern day living

Further details are available at: http://www.rightmove.co.uk/property-for-sale/property-51435958.html

If you would like to have a chat about property prices in Guildford or a general discussion on investment opportunities in the area your call will always be welcome. Phone 01483 320207 or email richard@guildfordpropertyblog.co.uk