Worst House on the Street Logo
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 1
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 2
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 3
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 4
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 5
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 6
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 7
Waterside, Leas Road, Guildford, Surrey, GU1 - Image 8

Waterside, Leas Road, Guildford, Surrey, GU1

South East

£5,500,000
Listed on 28/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former bus depot occupies a generous 0.95-acre lot, presenting significant opportunities for redevelopment in the evolving commercial landscape of Guilford. The site is strategically positioned to address the increasing demand for office space in the area, making it an attractive prospect for investors and developers alike. Currently, the property holds outline planning consent that allows for the transformation of the existing structures into office spaces. Preliminary plans indicate the possibility of creating approximately 32,000 square feet of office space, complemented by necessary parking facilities. This potential not only enhances its utility but also aligns with the region's growth trajectory. Additionally, a precedent has been established for altering the use from Sui Generis—previously functioning as a bus maintenance depot—into modern office environments. This established framework provides a clear pathway for development and underscores the site's viability as an investment opportunity. With ample space and existing permissions for redevelopment, this property stands as a promising candidate for those looking to capitalize on Guilford’s commercial expansion.

Investment Analysis

(GU1 area)
Area Average
£533/sq ft
Avg Rent (weekly)
£405
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (GU1)

Area prices are rising by +11.4% over the last 12 months
3 year growth: 10.7%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on GU1 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

Waterside, Leas Road, Guildford, Surrey, GU1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£20,148
Based on a loan of £4,125,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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