Potential to create an HMO to earn 10% gross yield in Coppice Close

This is a tremendous property offering great potential for an investor with the resources to extend the property to the side and rear (subject to seeking Planning Permission and Building Regulations) in order to create a House of Multiple Occupation and therefore a healthy rental income.

Located in Park Barn it is well located for both professional tenants working at Surrey Research Park or the Surrey County Hospital; and for student tenants studying at the University of Surrey.

Potential to extend to create an HMO

There is a substantial 21ft kitchen/dining room ideal for tenants wishing to relax while eating or watching TV plus 3 bedrooms upstairs.

If extended the house should provide up to 5 bedrooms let to 5 people to generate a typical monthly rental of circa £2500 to deliver a gross yield in excess of 9%.

The property is being marketed by our friends at Callards whose offices are on Worplesdon Road and further details are available at http://www.rightmove.co.uk/property-for-sale/property-54692096.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