A starter investment flat on the Fairlands Estate

Once again I have found a property on the Fairlands Estate which is not typical bungalow, as they tend to be, but a reasonably-priced flat, compared to those in the GU1 postal code area.

The flat is on the books of Mann & Co, Woodbridge Hill and is conveniently located as it is only a short walk from the local shops and doctors surgery. There is a bus service and road into the town centre, which is about 3 miles away.

Two bed flat priced to sell at £200,000

The property has two bedrooms so the investor can install sharers but assuming a single let, they should still achieve 5.7% if the market rental of £950 pcm is charged. This is a leasehold flat so there will be adiditional charges to take into account but none the less this should make an ideal first time investment for somebody looking to seek a higher return than they would do in a bank.

Check out the details at this link: http://www.rightmove.co.uk/property-for-sale/property-53980082.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