5% return for a house hidden away in Bladon Close, Guildford

This property being marketed by Seymours will make an excellent buy to let investment as it requires no redecoration or modernisation and is of reasonable size and layout. The kitchen and bathroom are both relatively new too.

http://www.rightmove.co.uk/property-for-sale/property-50116801.html

The property is situated in a quiet cul-de-sac off the main London Road and not far from Stoke Park, so it's convenient to walk to London Rd station and into town. It is located within easy reach of the local and popular schools.

The major plus point is that it is priced at only £3,000 more than a nearby property that sold on the same road in January this year. However this house has the addition of a study plus downstairs WC and an utility room. The study is large enough to use as a bedroom which would then have the benefit of an adjoining WC. 

The property is on sale at £375,000 and the potential rental for a three bedroom property in this road will be £1,600 pcm so this would make the property a viable investment opportunity. The potential gross yield is 5%, which is considered reasonable for Guildford.