Excellent value in Saffron Platt

This property, being marketed by Gascoigne Pees, in Worplesdon Road, has the advantage of being situated adjacent to the Queen Elizabeth Park development for easy access to its facilities, including the leisure centre and children's nursery but the purchase price is a little lower than one would have to pay in QE Park, as the property is older and may therefore require some modernisation. 

Having glanced over the details at:-
http://www.rightmove.co.uk/property-for-sale/property-35981160.html

this may not necessarily be the case as the bathroom has recently been updated. However there are no pictures of the kitchen which might be an admission that this requires some work.

This 3 bedroom semi-detached house will make an affordable home for a young family requiring three bedrooms, two reception rooms, a garden and a garage. This house is located in a cul de sac so will be a quiet place in which to live.

3 bed semi detached house in Saffron Platt

For the investor there is the potential to extend into the loft to add a further bedroom, as has been done next door, and therefore the opportunity to realise more rental income. If this work were done then an investor would achieve an excellent yield (subject to the cost of completing the works).

If the property were to be left in its current state then 5% is still possible, on the assumption that an achievable rent of £1,600 pcm were charged. In this instance the tenants would have the opportunity to live in a reasonably sized property that includes three bedrooms, one with an ensuite bathroom. The investor will have a reasonable rate of return so both parties should be happy.

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