Create a new home in a delightful garden village

These properties do not come up to often but when they do they provide a great opportunity for either a new owner, or a developer, to bring them up to a modern standard in order to reflect their personality on the property. This is a three bedroom, 1930's, character, semi-detached house with views across to Guildford Cathedral.

Property with potential to extend

I like this property because it has a garage which could be replaced by a 2 storey extension subject to planning permission and is located in the very popular and sought after area of Onslow Village. This was not only designed as a garden village and has therefore its own unique styling but is conveniently located for the mainline railway station, Surrey University, the Royal Surrey County Hospital and the town centre.

This 3 bed house is being marketed by our friends at Surrey & Hampshire, in Godalming so why not contact them to arrange a viewing now - https://www.rightmove.co.uk/property-for-sale/property-63509145.html

If you would like a chat about property prices in Guildford or want to discover where you will find your next residential or investment property in Guildford call 01483 320207 or email richard.hodgson@newman.uk.com

In the meantime why not visit https://instantvaluation.newman.uk.com/ to perform an online valuation for your home to discover how much it might be worth in today's market.

A rare opportunity in Onslow Village

These properties do not come up to often but when they do they provide a great opportunity for either a new owner, or a developer, to bring them up to a modern standard in order to reflect their personality onto the property. This is why I like this property.

Character property in need of modernisation

This is a three bedroom, 1930's, character, semi-detached house with views across to Guildford Cathedral. It has a garage which could be replaced by a 2 storey extension, subject to planning permission, and is located in the very popular and sought after area of Onslow Village. This was not only designed as a garden village and has therefore its own unique styling but it is conveniently located for the mainline railway station, Surrey University, the Royal Surrey County Hospital and the town centre.

This 3 bed house is being marketed at a price that compares favourably to neighbouring property values, by our friends at Surrey & Hampshire, in Godalming so why not contact them to arrange a viewing now? https://www.rightmove.co.uk/property-for-sale/property-63509145.html

If you would like a chat about property prices in Guildford or want to discover where you will find your next residential or investment property in Guildford call 01483 320207 or email
richard.hodgson@newman.uk.com

In the meantime why not visit https://instantvaluation.newman.uk.com/ to perform an online valuation for your home to discover how much it might be worth in today's market.

Investors need to know the "price of the bedroom"

The "price of the bedroom" represents the capital gain to he achieved when creating an additional bedroom. This may be created by splitting an existing large room; converting a garage into a bedroom; using the loft area to accommodate a bedroom; or by building an extension to include another  bedroom.

So why is this figure so important and what does it represent?

In simple terms an investor acquires a property, then adds the bedroom as suggested above, allowing them to resell the property for a higher price. The aim is to therefore make a profit once all legal and building costs required to complete this task, have been deducted.

Realising that there is a substantial demand for family houses in our  investment area, especially in certain high performing school catchment areas, research was carried out to review the average price for both 3 and 4 bedroom houses in the area, to determine how much an additional bedroom could add to the price of a typical 3 bedroom house.

The average asking price for a typical 3 bedroom property is currently £334,950 and £440,950 for a 4 bedroom house, therefore providing a difference of up to £106,000. This is the potential price of a bedroom. 

The trick is to purchase a property that is in pristine condition and can therefore be moved into right away. Why spend on a house "in need of modernisation" if there is limited capital gain to be achieved even though a considerable sum of money has been spent on it? It is far better to invest in a project to increase value.

If a large room with two windows is not available to split into two separate rooms then a loft extension is an economical way to add an ensuite bedroom to provide the price uplift required. This is our preferred option especially as properties in our investment area do lend themselves towards loft extensions as the roofs tend to have steep pitches with excellent headroom.

Once the property has been revalued we are able to mortgage it, having first used a bridge to fund the initial purchase. This then leaves two options - to sell to make a quick, capital gain; or to hold and therefore generate an income from the property. The decision on which approach we take will very much depend upon our financial priority at the time.

If we do decide to hold, this offers another opportunity. It enables us to offer the property to a family unable to afford a deposit or to obtain a mortgage but who will be able to do so sometime during the next 5-7 years.

How do we do this? Well read our next blog article to discover how.

Bad debt or good debt?

People often come to me concerned that the return on their savings is so small now that interest rates are at an all-time low. They are therefore challenged to find a home for their money where they will attract a higher rate of interest.

When I ask, "Well, have you considered 'property' as the home for your money?" they tend to retort, "Does that only work when you have lots of money?"

This is because we are all brought up to believe that you need a 20% deposit to buy a house and then a mortgage to fund the remainder of the purchase price. Yes, this does apply when buying your own residential property. However investment properties are different.

Firstly, the mortgage on your own home is considered to be "bad" debt. This means that you have to pay the amount owed on the mortgage out of your own hard-earned income over a period of (say) 25 years when hopefully your finances will be in order at all times. Sadly, many property owners will go through a period of their life when times will not always be financially sound for them. For example, it's a sad fact but at least one in three people get divorced. Many people will be made redundant at some point in their working life too. So unless, there is a safety net there may not always be sufficient income to cover mortgage payments every month for the 25 year term.

When debt is used to fund property investments it is considered to be "good" debt. "Why is that?", do I hear you ask. If your property investment is a rental property, your tenants are paying for your mortgage. This debt is called "good" debt because you are investing in an income-producing asset. Once your tenants have paid their rent to cover the cost of your monthly mortgage payment plus utility and Council tax bills (if you pay for these) any remaining money is profit, having allowed a percentage of this income to cover professional fees, maintenance, insurance and tax.

Investment property is therefore an income-producing asset, while the purchase of a residential property provides accommodation but no profit (unless you rent out a spare room).

The second concern that people often have is that you need vast sums of money to be able to invest in property. The answer to this is two-fold. In the first instance you should not invest too much cash in one property but use this investment to afford a number of properties in order to spread your risk and secondly, to make your money work harder for you.

The second answer is that few people will have hundreds of thousands of pounds lying around in their bank account and if they do, they are surely not receiving sufficient interest at today's rates to make this a practical thing to do. This means that all property investors, however wealthy they may have been, will eventually run out of personal funds to invest unless they are educated, professional investors who therefore know how to work round this challenge.

I am developing my expertise in property investment. I have done this by becoming a student on a 12 month Property Mastermind course to become educated and to grow my network of property investors and specialists.

This experience has enabled me to offer both friends and personal contacts golden opportunities to produce an effective means to enable them to achieve their goal to generate a higher rate of return without necessarily having to become educated in property investment themselves. These returns have far-outweighed those earned by leaving their money in the bank and they have had the pleasure of sharing in the success of a number of property ventures.

Want to achieve the same? Then watch this video No money, No problem.

Still excited? Call me to arrange a chat over a cuppa coffee to see what I can achieve for you.

An adorable property in Applegarth Avenue

You might ask why we describe this house as an "adorable" property but investors will jump on this opportunity very quickly. Why is that, do I hear you ask?

Well Applegarth Avenue is located within walking distance of the Surrey Research Park and the County Hospital. It is also within a relatively short walk of the University of Surrey campus too. This means that the demand from potential tenants will be high. The road is also very pleasant to live in because it is relatively quiet and most properties are well tended.

An ideal opportunity for an investor

Most importantly the property is being offered at a low asking price compared to those on sale in this area. This is likely to be because the property requires considerable modernisation but while doing this an investor could extend over the garage and to the rear where the current conservatory is situated (subject to the usual planning consents) to provide up to six bedrooms to maximise the rental income from the house.

If this is the case the potential gross yield will be in excess of 10%.

The property is being marketed by our friends at Callards, on the Worplesdon Road, in Guildford. Further details are available at http://www.rightmove.co.uk/property-for-sale/property-39021273.html 

If you would like to have a chat about property prices in Guildford or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

Potential to extend in Bryanstone Grove, a quiet road

This property impressed us as it offers a reasonable amount of accommodation for the price and is located in a pleasant, quiet road but not far from the Worplesdon Road. This will allow the potential buyer to live in a pleasant area on the edge of Guildford with easy access to wooded areas adjacent to the local countryside yet be within a reasonably short travelling distance of the town centre.

Potential to extend subject to planning permission

The property next door has been extended substantially already so the opportunity to extend out from both floors to the rear may be restricted due to lack of light but there should be the opportunity to extend the ground floor and then out to the side to enable the bathroom to be moved upstairs.

Otherwise the house is offered in a reasonable condition and should offer an investor a potential gain or a growing family the chance to increase their accommodation, as they grow. It is for these reasons that we anticipate this property will attract a lot of interest.

The property is being marketed by Seymours, on the Worplesdon Road, in Guildford. They are very familar with the area and will therefore be able to provide a lot of useful advice. Further details are available at http://www.rightmove.co.uk/property-for-sale/property-39054912.html

If you would like to have a chat about property prices in Guildford or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

It's a New Year so let's raise the roof!

The Christmas and New Year are a time spent planning for the future and one of the topics families talk about is their property and whether they should move home. The other option discussed is whether they could improve their lifestyle by redecorating, refurbishing the bathroom or kitchen; or even extending the property.

A number of commentators have remarked that the reason for the shortage of housing stock in Guildford, is down to property owners wanting to stay where they live because they like the area and most importantly, they want to benefit from the increasing value of their current home, rather than have to pay the relocation costs to move.

One example of an area where this has happened is the Fairlands Estate which comprises both houses and bungalows, built primarily in the 1960's. Fairlands is popular with an older population as many facilities are located on the door step. These include a parade of eight shops, a post office, a doctor's surgery, primary school, recreation ground and community centre. The area is situated away from more populated areas adjacent to farm land, but is still within a relatively short car or bus ride from Guildford town centre. 

Local shops on Fairlands Avenue

The bungalows were built with between 2 and 3 bedrooms but were quite cramped as many of the rooms, and especially the kitchen, were very small so they have been extended over the years to provide more living space to accommodate the many material goods that we now require to live in today's modern society. The Fairlands Estate is also a prime example of any area where many families have lived for many years so the accommodation has had to expand to accommodate them as they have grown.

Bungalows in Envis Way, one with a loft conversion

For example, some bungalows have been extended into the loft to provide room for a further one or two bedrooms and then part of a ground floor bedroom has been used to add more space to the kitchen.

One or two owners certainly must have had substantial dreams over previous Christmas and New Year holidays because they have removed the roof, built an additional floor and then constructed a new roof to convert their bungalow into a house. 

I have been asked by investors on a few occasions would it be financially beneficial to invest in a bungalow on this estate and then carry out these building works? How would this work affect the property value?

In Envis Way and Louis Fields, where most bungalows have been built on the Fairlands Estate, 2 bed bungalows have increased in value by 183%, from £199,500 to £364,950 in the last 15 years; 3 bed bungalows have increased by 145%, from £289,950 to £420,500; whereas the price of 4 bed bungalows  has increased by 200% from £224,950 to £449,500.

However those owners that have extended their bungalows from (say) a 2 bed to a 4 bed bungalow have seen their properties realise a 225% capital gain and those that have literally taken the roof off to convert a 2 bed bungalow into a 4 bed house would have benefited from a 276% gain as their property was worth £199,500 in 2000 but will sell today for £549,950.

If an investor had opted to rent their 2 bed bungalow out today for the market rental of £1,595 pcm they might achieve a 5.2% gross yield but an investor renting out a 4 bed house on the estate might only see only a 4.4% gross yield, if they manage a market rental of £2,000 p.c.m.

So if families had raised the roof in a previous New Year they would have been able to enjoy both a financial and lifestyle gain; but investors would have lost out, for the usual reason - Guildford offers great capital gains but poor gross yields.

If you would like to have a chat about property prices in Guildford or to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

Corner plot in Yew Tree Drive

This property is located in one of our favourite roads on the Bellfields Estate, just over a mile from Guildford town centre. The area is very popular with landlords and investors because it offers one of the highest yields in town.

This property is reasonably priced but as it is situated on a corner plot has huge potential to extend to the side (subject to planning) to offer 2/3 additional rooms to rent out.  

Potential to extend to the side subject to planning consent

There is a bus into Guildford Town centre and the A3 trunk road provides a link to both London and Portsmouth. Guildford College is nearby and the University is within walking distance so there will be demand from students as well as young professional tenants to rent a room here.

So for landlords looking a gross yield of more than 10% and a capital gain this property is ideal and therefore likely to be very popular especially as there is no onward chain.

The property is being marketed by Hipps, in Worplesdon Road, Guildford. They are very familar with the area and will therefore be able to provide a lot of useful advice. Further details are available at http://www.rightmove.co.uk/property-for-sale/property-57145997.html

If you would like to have a chat about property prices in Bellfields, Guildford or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

Room up top in Park Barn Drive

Like buses these ex social houses extended with loft rooms to provide additional accommodation seem to be few on the ground and then they come along two, or three, at a time.

We have just spotted this beautiful example priced very competitively. Examples of these with the standard three bedrooms only, have been priced at the same asking price in recent months.

4 bed house with loft conversion in Park Barn Drive

The property is in excellent condition. The loft conversion has provided a stunning master bedroom which is a good size with a modern en suite shower room plus views looking far over Guildford. In addition to the remaining three bedrooms and two reception rooms there is a utility room and a downstairs WC.

The property is in a popular area for students and employees working for companies on the Surrey Research Park so the house should rent out for around £1,795 pcm so the gross yield should be around 5.7%. If the rooms are rented out separately an investor should see a healthy return of around 7-8% gross yield.

The property is being marketed by Gascoigne Pees, in Worpesdon Road. Further details are available at http://www.rightmove.co.uk/property-for-sale/property-56625341.html

If you would like to have a chat about property prices in Guildford or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

A lovely family house in Juniper Close with potential to extend

Welcome back to a New Year and it looks like it is going to take off from where last year finished off, with a vibrant sales market.

This particular property stood out from others spotted today as it offers everything an investor should require in an investment property. Situated in a cul de sac location and in need of cosmetic updating this semi detached home has potential for an extension to the rear or over the garage for a growing family to move into; or for a landlord to house more sharing tenants. 

The property is a solid ex social housing property with the typical configuration of two reception rooms and kitchen on the ground floor but the addition of a shower room and a conservatory to look out of and into the huge garden. There are three bedrooms plus separate w.c. and bathroom upstairs. This property unlike many on the Bellfields Estate also includes a garage.

Potential to extend over the garage

The house is located on a quiet street at the far end of the estate so will be a quiet and peaceful location in which to live. However there are local bus routes into Guildford Town centre plus access to the A3 within 5 minutes drive of the house.

An investor is likely to realise £1,695 pcm for a property like this and so the gross potential yield will be 5.5% but higher if an additional bedroom is added by extending over the garage. As this property offers huge potential is it is likely to sell fast.

The property is being marketed by our friends at Hipps, whose knowledge of this area is extensive. Further details are available at http://www.rightmove.co.uk/property-for-sale/property-52923671.html

If you would like to have a chat about property prices in Guildford or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

Why is Raymond Crescent so popular?

A landlord recently missed his chance to buy a three bed semi-detached property on Raymond Crescent, near the University of Surrey and on the edge of Onslow Village, as it sold in a matter of days. He therefore asked me if there was something special about the area, so I did a little research.

The Onslow Village Association acquired 646 acres of land from Lord Onslow in 1920 for approximately one quarter of its market value. The aim was to create a Garden City, modeled on the ideas of Ebenezer Howardís, the founder of the Garden City Movement.

It was their intention to build a self-contained community with smallholdings, public buildings, open spaces, recreation grounds, woodland and a railway, as well as developing sites for churches, hotels and factories. On May 1st 1921, ten weeks after the formation of the Association, the foundations of the first two houses were laid and by March 1922 ninety-one houses had been built. Unfortunately due to a lack of funding the scheme never reached full completion, with about 600 houses built.

The area now consists mainly of semi detached properties with the majority owner occupied, with 22% of the properties are owned by private landlords catering for both the substantial student demand from university students and young professionals. This is confirmed by the fact that almost one half of the houses comprise of three or more adults. The Census also suggests there is a 50:50 split between single and married occupants too and that a quarter of occupants are students.

Land Registry records suggest that the development was built in the 1930's, on the edge of Onslow Village. Raymond Crescent comprises 109 properties with a current average value of £358,076, compared to an average property value of £417,972, for the GU2 postcode area.

There have been 26 property sales on Raymond Crescent over the last 5 years with an average sold house price of £296,757. Most of the properties consist of three bedrooms, kitchen, one reception room and a bathroom often downstairs next to the kitchen. However many properties have been extended up into the loft area to enable one of the existing bedrooms to be utilised as a bathroom and then a third bedroom then recreated in the loft. Alternatively, owners have extended to the rear to provide a larger kitchen/diner and additional reception room plus a new and third bedroom and bathroom on the first floor.

Typical 3 bedroom houses in Raymond Crescent

A typical 3 bedroom house will realise at least £1,495 per month to provide a reasonable annual yield of around 5%. The modernised and extended properties will produce a rental of up to £1,645 pcm and therefore a higher gross yield of 5.5%.

Furthermore house prices in Raymond Crescent have increased by a substantial 10% in the last year and by 30% in the last 5 years so, as I always stated Raymond Crescent has to be one of the most profitable areas for local investors to purchase property because of the substantial demand for rental property in the street and the opportunities the street offers for development and therefore capital gains.

If you would like to talk to us about property in Raymond Crescent or a general discussion on investment opportunities in Guildford your call will always be welcome. Phone 01483 320207 or email richard@guildfordpropertyblog.co.uk

House on a good-sized corner plot on Burnet Avenue

This former police house is situated not far from Burpham shopping parade, Sainbury's superstore plus George Abbot Comprehensive and Burpham Primary School, which are both within walking distance. The property is situated  approximately 2 miles east of Guildford Town Centre. There is a road connection with the A3 in Burpham, which connects with the M25 orbital motorway within a few minutes drive.

House with large garden plot in Burnet Avenue

This 3 bed semi detached property is an attractive one because it will offer a developer the opportunity to profit from extending into the garden, which is a corner plot (subject to planning).

The kitchen/breakfast room is fitted with a range of modern, cream Shaker style units with high-gloss worktops and there is a modern shower room also on the ground floor, ideal for a family needing more than one bathroom. 

This property is likely to achieve a lot of interest from potential buyers wanting the potential of securing an immediate capital gain.

The property is being marketed by our friends at Seymours, Burpham and further details are available at http://www.rightmove.co.uk/property-for-sale/property-37895808.html

If you would like to have a chat about property prices in Guildford or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

Bungalow in Louis Fields will make a great development project

This delightful bungalow provides a wonderful opportunity not just to modernise but to extend up into the loft area to provide a third bedroom possibly with ensuite bathroom (subject to the usual planning consents). The last time it was for sale was over 70 years ago so needs to be brought up to modern day standards. 

Situated on the ever popular Fairlands Estate where there is a tremendous community spirit this semi detached two bedroom property is located close to a parade of shops and a bus route into Guildford town centre. 

2 bed bungalow on the Fairlands Estate

Bungalows with 3 bedrooms and modern kitchens plus bathrooms are selling for a premium of £100,000 over the asking price for this property, so a project of this nature would certainly make a viable investment whether by an investor buying to re-sell; or a family buying to live in for the long term. Whether this will ever be for a period of 70 years again, who knows. 

The property is being marketed by our friends at Mann, Woodbridge Hill, Guildford and further details are available at http://www.rightmove.co.uk/property-for-sale/property-37671288.html 

If you would like to have a chat about property prices in Fairlands or anywhere else Guildford; or would like to discover where and how you can gain a greater return for your money in the bank call 01483 320207 or email richard@guildfordpropertyblog.co.uk

Guildford's streets were paved with gold

Guildford is recognised for being one of the most attractive areas to live in Surrey and the reason for this is its location close to an area of outstanding natural beauty plus its proximity to London, excellent schools, the major airports and motorway network.

The Saxon name for "Guildford" was guilden (golden) ford. It may have been called that because of golden flowers that grew at the riverside or because of the golden sands on the banks of the river.

Two of the most prestigious streets built to the south of Guildford, on facing sides of a valley created by the River Wey, are Guildown Avenue and Warwicks Bench. Their situation offers stunning views for the local residents. 

Typical properties in Guildown Avenue overlooking Guildford

Guildown Avenue was built within a conservation area, not far from The River Wey, in St Catherine's Village, named after St Catherine's Chapel built in the 14th century. It could therefore be loosely described as having been built on golden sand. The houses were built to comply with the wishes of the local Arts and Crafts Movement. Several renowned architects have therefore designed houses here including Sir Edwin Lutyens.

Properties in Warwicks Bench overlook The River Wey

Warwicks Bench contains some of Guildford’s most prestigious homes all in a beautiful setting with south-facing views. Locals were aghast to seeing them being built in the early 1900's, on prime land (as would today's "NIMBYs" when new developments are proposed) but when viewed today, from the meadows in Shalford Park, you can only just glimpse the opulent houses, due to the tree growth in the gardens that surround them. Nobody therefore complains today about the position they occupy just outside the town centre.

In fact they are held up as a fine example of the quality of housing that Guildford delivers and it is for this reason that it would be interesting to see how house prices in both these roads have changed over recent years and how they compare today.

Guildown Avenue comprises 32 properties with an average current value of £1,733,110, compared to an average property value of £407,411 for the local postcode of GU2. One of the most expensive properties in the road is currently valued at £3,061,000. It was sold for £1,075,000 back in 1999 so has risen by 285% over the last 16 years. This is equivalent to a gross value of £14.21 per hour, for 24 hours a day, which is more than double the minimum wage!

Warwicks Bench Road has a current average value of £1,633,090 compared to an average property value of £516,073 for the local GU1 postcode area. One of the most expensive properties in this road was a house built in 2004 and sold for £2,195,500 but 11 year' later is now worth an estimated £3,540,000, so has risen by 217% over this time period. This is equivalent to a gross value of £13.99 per hour, for 24 hours a day over the last 14 years which is also more than double the minimum wage!

This would therefore suggest that while a property in Warwicks Bench might be worth a little more capital appreciation in Guildown Avenue might make you richer by as much as 22p per hour.

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

Gardens sold to build Wroth Place in Burpham

As one drives around town to meet property investors and landlords several new housing developments can be spotted. One of these is Wroth Place, on London Road, in Burpham. It is being built on an area of land created by taking plots from a number of gardens sold off from a row of houses on New Inn Lane. 

The purchase of a new property therefore begs the question "Is it worth buying a new property or are you better of purchasing a traditional house?"

This new development is being built by Denton Homes. It has been named to reflect the local history of Burpham and its renowned Parliamentarian Robert Wroth who lived between 1660 and 1720 and served the borough on three separate occasions. Robert Wroth owned an estate near Guildford and was a close friend of the 1st Lord Onslow.

According to the publicity materials for the new development, currently under construction, "the site has all the benefits of being situated close to routes to the M25 and London with easy access to Heathrow and Gatwick airports". It is located close to George Abbot school and the new Aldi plus Sainsbury stores too.

Wroth Place provides a variety of accommodation including 3, 4 and 5 bedroom style homes. The properties have all been built on a small footprint so typically downstairs offers only a kitchen plus living room while the bedrooms are built over two floors using the loft space for the upper floor. The gardens are much smaller than one would expect with a more traditional house. 

Traditionally purchasers will pay a slight premium for a new home in order to enjoy the opportunity to be the first owners and to have no, or little work to do, allowing them to move in on day one. Sometimes there is a discount for buying the first property in the development to help fund the builder's labour and materials to enable them to afford to continue building on site. 

There can be a discount at the end of the project too should the developer be challenged in selling the entire development. However a smaller site like this is likely to sell reasonably well especially in the current property market, which shows no sign of flagging.

The question is therefore what premium is one likely to have to pay for a new house compared to a more traditional one in the current market?

The following properties have been released for sale so far:-

• Plot 1 -    5 bedroom detached house - £795,000
• Plot 2 -    4 bedroom semi-detached house - £610,000
• Plot 3 -    4 bedroom semi-detached house - £620,000
• Plot 10  - 3 bedroom end of terrace home - £500,000
• Plot 11 -  3 bedroom terraced house - £485,000

A representation of houses being built at Wroth Place

The average asking price for 3 bedroom terraced properties in Guildford is £350,000. This is a substantial saving on the new properties at Wroth Place. Semi-detached 4 bedroom houses are on the market for an average asking price of £575,000 so once again these are less expensive compared to the 4 bedroom semi-detached houses on Wroth Place. 

However the 5 bedroom detached house in Wroth Place is lower in price than the average asking price for a traditional 5 bedroom detached property in Burpham, currently priced in the range of £850,000 to £1m but these houses tend to be built on much more land and are likely to be far more spacious than the house at Wroth Place.

When buying a traditional 5 bedroom house in Burpham you are more than likely going to be buying much more house for your money. If only the room dimensions and floor space calculations for Wroth Place were available so that this could be confirmed.

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

Beautifully finished property on Fairlands Estate

This property stands out as one that has obviously been treasured by its current owners so should sell well.

It is situated in the heart of Fairlands Village, a quiet residential estate just to the North of Guildford where there is the sense of a real community at whose centre is a small parade of shops and a highly regarded primary school. 

A four bed house on Fairlands Estate with potential to extend

The property is beautifully presented and has been extended to include a stunning fitted kitchen, a lovely bright conservatory and four well-proportioned family bedrooms as well as a modern bathroom and downstairs WC.

An investor might achieve a typically average rate of return if they rent the property to a family but there might be great potential to extend the house (subject to planning permission) to the side and up, to provide a larger kitchen and more bedroom space.

The property is being marketed by our friends at Townends, Guildford and further details are available at http://www.rightmove.co.uk/property-for-sale/property-55505489.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

A great opportunity for a 5% yield in Northway

This three bedroom house has been recently re-decorated throughout so is ready to move into right away. There is a new kitchen too. 

Situated on Northway, the house is close to a number of local primary schools and a local parade of shops on the Aldershot Road, where there are buses into Guildford town centre.
  

3 bed house in Northway with development potential

This makes an ideal property for an investor as the market rental for such a property is £1,500 pcm to provide a gross yield around 5%. There is also some potential to extend and remodel the property, subject to planning, to provide additional rooms to rent on a room by room basis, in order to increase the rental yield. 

The property is being marketed by Cobbles, in Worplesdon Road, Guildford and further details are available at http://www.rightmove.co.uk/property-for-sale/property-55122587.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

A smaller development opportunity in Guildford Park Road

This splendid two bedroom end terraced Victorian cottage is ideally situated, just 5 minutes walk across the road from Guildford mainline station and not far from the University of Surrey. The town centre is only a 10 minute walk away. 

The property is generally well presented with two double bedrooms, a reception room, fitted kitchen / breakfast room and an upstairs bathroom but there is also some scope to update and improve the property plus to create a third bedroom (possibly with ensuite shower room) by tanking the cellar. 

The property could therefore be let for up to £1,800 pcm especially if a multi-let to realise a gross return of up to 6.6.%. 

The agents are Townends, Guildford and further details are available at http://www.rightmove.co.uk/property-for-sale/property-55360910.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

Snakes and ladders - the game of property development

A ready made family home in Manston Road, Burpham

This 4 bedroom, 2 bath house comprises 3 reception rooms including an open plan kitchen/breakfast area and conservatory.

It is conveniently situated in a cul-de-sac within walking distance of a number of excellent local schools and Burpham village shops plus the Sainsbury store. There is a local bus stop to catch the circular bus route into town and onto Merrow. London Road railway station and the town centre are a mile and a half away. There is easy access to the main A3 London to Portsmouth trunk road within a very short drive away.

A ready made 4 bed house in Burpham

The fitted kitchen was recently fitted and is open plan to the dining area and then the large conservatory to add an excellent family living area.

There are a number of first class private schools in the area including Guildford High School for Girls, The Royal Grammar School, Tormead and Lanesborough Schools in addition to the state schools George Abbot and The County School plus Burpham Primary School, within 5 minute's walk away.

This property will be a very attractive opportunity for a family wanting to live somewhere close to good schools and in an area with a village atmosphere and is therefore likely to be sold soon.

The property is being marketed by Chantries, Guildford and further details are available at http://www.rightmove.co.uk/property-for-sale/property-51810973.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