Potential for this flat to attain a gross yield of 5.9% in London Road

This substantial flat is being marketed by our friends at Clarke Gammon Wellers.

http://www.rightmove.co.uk/property-for-sale/property-52318226.html

It is well located within beautiful gardens just off London Road and overlooks Stoke Park so there is greenery all around. It is situated just half a mile from London Road railway station and is a 15 minute walk into the town centre.

It contains two bedrooms plus a study and the owner will have two garages in the block.

The property has large rooms and while it will require some updating has therefore a huge potential for investors to increase both its potential rental value and capital appreciation. 

There are a number of options available to the buyer. These include using the study as a third bedroom; installing an ensuite bathroom in the main bedroom in addition to the existing main bathroom. 

Most importantly the enormous lounge/diner could be split into two rooms to provide a large bedroom, if the study is required in addition to a lounge.

Assuming the third bedroom is added the potential rental could reach £2200 pcm and if the asking price of £450,000 is attained I expect the gross yield to be as much as 5.9%. There should be no problem in renting this flat out considering it's proximity to both the station and town centre.

Want to have your property valued or to have a chat about Guildford property values? Call me on 01483 320 207 or drop me an email richard@guildfordpropertyblog.co.uk