A potential 10% gross yield in Larch Avenue

This property is one of those where you can hear the sound of a cash till ringing in your head. It is a landlord's dream house! Hipps should therefore have no challenge in selling it.

The property has been extended to provide an extra bedroom upstairs to provide four; plus a studio at the rear of the property with its own kitchen, bathroom and living area. This has its own entrance so could be let out separately to a tenant preferring to have their own accommodation.

An investor's dream property located in Larch Avenue

The remaining rooms could be let out separately as the house is located in an area that is popular with young sharers as it is a relatively short walking distance into town. They would have access to both a bathroom and a downstairs shower room saving queues in the morning rush to leave for work. There is a substantial kitchen/diner more than big enough to enable four sharers to cook and eat together.

There is a workshop in the garden which is likely to be suitable for protecting bikes and ample parking at the front for those with cars.

Furthermore the property has been recently modernised so there is absolutely no work required and in fact a small premium could be charged for the rentals to reflect the quality of decoration and fittings. There is no forward chain so a purchase could be finalised in no time allowing the investor to start realising a return on this investment right away.

If the lounge area is used as a fifth bedroom to rent out in addition to the studio my estimation is that the total rental income before expenses could be as great as £3,750 pcm. This would provide the investor with a gross yield, based upon the asking price of £434,950, somewhere in the region of 10% which would surpass many other typical investments in the area. This property will therefore be irresistible to investors.

You can check the details here:- http://www.rightmove.co.uk/property-for-sale/property-53348780.html

If you would like to have a chat about similar investment opportunities in Guildford your call will always be welcome. Phone 01483 320207 or email richard@guildfordpropertyblog.co.uk