A long standing landlord of ours came into the office earlier this week as they are thinking of b...
A long standing landlord of ours came into the office earlier this week as they are thinking of buying another property as an investment. They asked if Godalming was perhaps a better area to buy a 1 bed property in than Guildford, GU1.
This got me thinking as usually I would recommend GU1, but I decided to do some more research.
In GU7 there is certainly a higher percentage of home owner occupiers, in fact 71% vs only 65% for GU1 and 66% nationally.
The average value of a 1 Bed property in GU7 is £202,000 with an expected rent of £800 pcm giving a yield of 4.75. Whilst in GU1 the average value is £209,800 with rents of £875 yielding 5%.
However, further research shows that over the last 2 years prices have grown by a very healthy 9.84% in GU1, but GU7 has shown even better results with 11.04% growth.
If you are thinking of investing in property in the Guildford area please feel free to speak to us on 01483 537200 or drop into our office on Woodbridge Rd, Guildford. We can discuss your objectives and help you make an informed decision