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Stafford Lake

South East

£725,000
Listed on 15/10/2023

Property Details

Bedrooms
3
Type
Detached house
Area
1071 sqft

Description

This three-bedroom bungalow presents a unique opportunity for renovation and investment. The home features three generously sized double bedrooms, a living room, and a family bathroom. A conservatory extends the living space, while the kitchen includes a practical porch entrance, facilitating easy access. The property is situated on a quiet and private road that overlooks green belt land, ensuring a serene setting. It benefits from a separate garage and a driveway that can accommodate multiple vehicles. Both the front and rear gardens offer substantial outdoor space, ideal for landscaping or further development. Importantly, planning permission has already been granted to enhance this property into a modern four-bedroom, three-bathroom residence, with thoughtfully designed blueprints available through the Surrey Heath Borough Council website. Located in Stafford Lake Bisley, this semi-rural area is surrounded by extensive common land and is just over a mile from Bisley village, where you’ll find local amenities including pubs and restaurants. Additionally, the proximity to Bisley Gun Club makes it an appealing choice for enthusiasts. Convenient access to the M3 motorway and Brookwood mainline station facilitates commuting to London and other parts of the South of England. This property represents an exceptional prospect for developers or investors looking to capitalize on its renovation potential in a desirable location actively sought after in today’s market. Viewing is highly recommended to fully appreciate what this property has to offer.

Investment Analysis

(GU24 area)

Above Market Value

This property is priced +28.3% above area average per sq ft

+28.3%
This Property
£677/sq ft
Area Average
£528/sq ft
Avg Rent (weekly)
£554
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£621,801
10% above area average per sq ft
Potential ROI
-24.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (GU24)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -8.0%
5 year growth: -0.9%
Investment Disclaimer: Analysis based on GU24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Stafford Lake
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,656
Based on a loan of £543,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE