Woking, GU22 9FH | Investment Property for Sale | VGU229FH-451

Opportunity to purchase a tenanted property in Woking with a yield of 4.4%

£595,000

Terraced House

VGU229FH-451

INITIAL INVESTMENT

£281,070

GROSS RENT / YIELD

£26,160 / 4.4%

NET RENT / YIELD

£20,669 / 3.5%

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

2 bathrooms

1 reception room

1,411

Unfurnished

The property is owned by a limited company and the vendor is open to selling it. In which case a substantial saving could be made in stamp duty and the quoted yield has the potential to be greater.

Tenancy

RENT

£26,160 p.a. / £2,180 pcm

TENANCY DEPOSIT

£3,150

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

16 months ago

TENANCY AGREEMENT ENDS

Periodic

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

£26,160

Equivalent of £2,180 per calendar month (PCM).

GROSS RENTAL YIELD

4.4%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£20,669

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.5%

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

FULLY MANAGED OPERATING COSTS

£5,491

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 Woking, Surrey

Woking is a town in the northwest of the county of Surrey, it is 5.4 miles north of Guildford and 23 miles southwest of Charing Cross Station. Woking is less than 10 minutes from the M25 motorway and excellent airport access to Heathrow (25 minutes) and Gatwick (45 minutes).

This area is served by Woking railway station which lies on the South Western Main Line and provides links to the city of London for many commuters. There are 14 trains per hour to London Waterloo some via Clapham junction and fast train services to Waterloo taking only a mere 25 minutes, making Woking one of the very best London commuter towns. Routes are also run from this station down the Portsmouth Direct Line via Guildford to Portsmouth and other destinations such as Winchester, Weymouth and Exeter. RailAir bus services also run two buses per hour form this station, providing a link to Heathrow Airport in around 50 minutes.

Woking town centre is home to various attractions and public art such as the Martian tripod and the Hawker Hunter. Woking town centre is home to The Peacocks which is a modern multi-storey shopping and leisure complex, that is equipped with a 1200-seat theatre, three cinemas, nightclub and a library. Between the Peacocks, Wolsey Place and the surrounding area which makes up a shopping hub where there are over 170 retail stores where you could find everything you need and more. This town centre has a plethora of restaurants serving cuisines from across the globe, as well as several bars and pubs. The Lightbox is a public gallery and heritage centre that hosts three exhibitions at a time as well as a display of local history known as ‘Woking’s Story’. This property is a short walk (less than 5 minutes) from a major leisure centre and park offering swimming, gymnastics, football, tennis and a gym.

As this property is based in Greater London and has quick transport routes to the City of London there are thousands of job opportunities that one could take advantage of by commuting from Woking.

This area could be ideal for young families looking for schooling options for their children in the local area. There are two mixed-sex primary schools that are both under a 20-minute walk away, which are Greenfield School and Barnsbury Primary School. For those looking for secondary school education there is Hoe Valley School which is also mixed and includes a sixth form also.

Sycamore Avenue,

Woking,

Surrey,

England,

GU22 9FH

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