As a winner of an ESTAs award, We often have people contact us to ask about what a good buy to let property is in Guildford and where within Guildford is the best place to buy.
Obviously the answer depends on your objectives, and whether you are aiming for a good yield or Capital Growth. I know you are probably reading this thinking I want both - but the market isn't that easy at the moment and it is important to talk through your personal circumstances so you don't buy the "wrong" type of property or in the "wrong" area in relations to your needs.
I thought I would share some info regarding average yield and average price increases, comparing GU1 vs GU2.
In the last year GU1 has seen an average increase in value of £3893 (0.98%) or £74.86p a week! GU2 has seen an increase in average value of 1.09% at £3509, or £67.48. So depending on how you view things, GU2 has been working harder for your money as the % increase is greater.
But - what about yields?
The average asking price for sale properties versus the average asking price for rent in the 2 postcodes is as follows:
GU1 4% yield
GU2 4.8% yield
So, again, GU2 works harder for your money!
However, each postcode attracts different types of tenants and a property in GU1 will sell quicker if the time came when you wanted to sell. So, it is important to understand your objectives prior to deciding the type of property you buy. Please feel free to drop into our office for coffee and a chat or pick up the phone if you want impartial advice on how to get 6+% yield.
