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£585,000

Woodbridge Hill Gardens, Guildford, Surrey, GU2

  • 5 beds
House

£585,000

  • 5 beds
House
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Estimate monthly mortgage payment:

£2,671 per month

Minimum deposit amount:

£29,250
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Situated on the popular Woodbridge Hill Gardens, this well-maintained HMO (licensed for 6-person occupancy) offers a prime investment opportunity in the thriving rental market of Guildford. The property is being sold with 5 tenants in situ, providing an immediate rental income of �3,375 per month (�40,500 per year) under a fixed tenancy agreement, running until July 2026. Thereafter, rental income could be further optimised, by converting the current living room into a sixth bedroom, to generate a potential rent of �4,200pcm (�700 per room) and yield of 8.6%. This property is ideal for investors seeking a hands-off, income-generating asset. Set across two floors and extending to approximately 1,175 sq ft (109 sq m), the layout provides versatile accommodation with excellent proportions throughout. The ground floor comprises a bright and airy living room (13�7� x 10�3�), which could be converted into a sixth bedroom under the current HMO licence, along with a modern kitchen/diner extending over 22� in length. A spacious double bedroom (14� into bay) and a third bedroom with rear aspect and adjacent WC complete the lower level. Upstairs, the first floor offers three further double bedrooms, along with a main bathroom and an additional separate WC, supporting the needs of multiple occupants. Externally, the property benefits from off-street parking and a private rear garden, attractive features for tenants. There is also potential to develop the current loft space to create a larger HMO (subject to planning permission and HMO licensing). Located within easy reach of Guildford town centre, the University of Surrey, and Royal Surrey County Hospital, the property is well positioned for student and professional tenants alike. Guildford is a vibrant, bustling market town situated in the centre of the county of Surrey within easy reach of Heathrow and Gatwick Airports, and with excellent rail links to London (40 minutes) and served by the M25, M3 and A3. The town centre offers a variety of entertainment venues, including The Yvonne Arnaud Theatre and G Live, as well as excellent shopping opportunities and a variety of restaurants and bars. The town is situated close to the Surrey Hills Area of Outstanding Natural Beauty for walking, taking in views over the town, the Surrey countryside and the London skyline.

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£2,671 per month
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£8,000
Mortgage and legal costs:
£999
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