Guildford, GU2 9RX | Investment Property for Sale | VES-GU2-562

Opportunity to buy hands-off 1-bed tenanted investment property generating £11,400pa and a yield of 4.6%

£250,000

Apartment

VES-GU2-562

INITIAL INVESTMENT

£113,400

GROSS RENT / YIELD

£11,400 / 4.6%

NET RENT / YIELD

£7,925 / 3.2%

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£550

1 bedroom

1 bathroom

1 reception room

501

Unfurnished

Additional Details

  • Leasehold: 125 years, starting in November 2016

Tenancy

RENT

£11,400 p.a. / £950 pcm

TENANCY DEPOSIT

£1,312

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

7 months ago

TENANCY AGREEMENT ENDS

7/27/2019

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£11,400

Equivalent of £950 per calendar month (PCM).

GROSS RENTAL YIELD

4.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£7,925

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,475

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Guildford, Surrey

Guildford is a large historic town in Surrey situated 32 miles southwest of central London with access to the Orbital via the A3.

The town has two railway stations, with the main station served by South Western Railway and Great Western Railway and trains running on the Portsmouth Direct Line between London Waterloo and Portsmouth Harbour. There are also direct lines to Aldershot, Reading, Gatwick Airport via Dorking and Redhill; and alternative routes to London via Cobham and Stoke D’Abernon and Epsom. Guildford's other station is served by stopping services only between Guildford and London with 4 trains per hour each way, making this a perfect commuter town.

Guildford city centre offers varied activities innate to city life, boasting G-Live a state of the art theatre, studio and café, the Yvonne Arnaud Theatre, Surrey Sports Park, WWF Living Planet Centre and the Spectrum Leisure Complex amongst many other entertainment and sports venues including two large golf clubs on it's outskirts.

Some of Guildford's biggest employers are BAE Systems Applied Intelligence, University of Surrey, Philips Electronics, Ericsson, Colgate-Palmolive and Allianz to name a few.

Worplesdon Road,

Guildford,

Surrey,

England,

GU2 9RX

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