Queen's Drive - a popular road with HMO landlords

These properties are popular with landlords because they offer so much accommodation at a reasonable price. They are townhouses built on three floors so they provide several rooms ideally sized for converting into additional bedrooms, to rent on an individual basis.

For example, this 3 bedroom house has the potential to add a further two rooms and even a third to make 6 rooms, if the garage is converted into a habitable room. This would require the buyer to apply for an HMO license from the Council. 

A 3 bed townhouse can be converted into an HMO, in Queens Drive

This property is priced competitively as it is in need of modernisation. However it is ideally situated to provide students a reasonably short journey to the University and professional sharers a bus route into town, to the mainline station, for trains to London. The A3 is only a 5 minute drive away.

There is a parade of shops including a fish and chip establishment plus a local Sainsbury mini supermarket nearby too.

This property is therefore ideal for an investor prepared to spend on modernising the property in exchange for achieving a yield in excess of 10%.

The property is being marketed by Callards, Worplesdon Road, Guildford and further details are available at http://www.rightmove.co.uk/property-for-sale/property-54832424.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