Gloucester Road, an area popular with landlords

This is considered to be a popular area for landlords because properties in this area of Guildford are relative spacious yet affordable even by today's property price levels.

This house is being marketed by Hipps, Worplesdon Road, Guildford. It comprises three reasonably sized double bedrooms, a family bathroom upstairs plus a downstairs WC and a pleasant conservatory in which to enjoy more living space while admiring the garden.

The house offers an excellent rental potential as it is situated within walking distance of the university. The house could be rented out, as it is now for £1,350 pcm to deliver a yield in the region of 5%. 

Otherwise landlords have managed to extend these properties to provide as many as 5 student rooms, which would therefore have a huge impact on the yield. However this will require an extension onto the back of the house to provide a kitchen and communal area, converting the current kitchen into a bedroom; and then converting the lounge to provide the fifth bedroom.

An excellent investment property in Gloucester Rd

I believe this would be easier to do in a house on either the Bellfields or Park Barn estates where the properties tend to have more space in which to reconfigure rooms.

Recognising the property is in excellent condition it should sell fast and then the new owner can decide as to how they might want to maximise the return from their investment.

Further details to be found at:-
http://www.rightmove.co.uk/property-for-sale/property-51080323.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