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Milford Road, Elstead, GU8

South East

£500,000
Listed on 22/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
908 sqft

Description

This charming detached bungalow, located at the end of a quiet cul-de-sac, presents a promising opportunity for renovation and investment. With two generously sized double bedrooms, the property features a spacious sitting room that invites natural light, a large kitchen/dining area perfect for gathering, and a bath/shower room complemented by a separate utility room. The layout allows for comfortable living while also offering the potential for modernization and customization. The expansive rear garden further enhances this property's appeal, providing an ideal space for outdoor activities or landscaping enthusiasts. For those looking to expand their investment, there is substantial opportunity to extend the home at the back or convert the sizable loft area (subject to necessary planning approvals). This flexibility makes it an attractive proposition for buyers interested in enhancing value or increasing living space. Situated in the desirable village of Elstead within the picturesque Surrey Hills, residents are just a short stroll from local amenities, including shops and schools, as well as idyllic countryside walks. The combination of location and potential makes this bungalow an excellent choice for anyone seeking to create their dream home in a vibrant community.

Investment Analysis

(GU8 area)

Above Market Value

This property is priced +3.0% above area average per sq ft

+3.0%
This Property
£551/sq ft
Area Average
£535/sq ft
Avg Rent (weekly)
£514
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£534,158
10% above area average per sq ft
Potential ROI
+0.8%
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
12%
Properties sold annually

Local Market Trend (GU8)

Area prices are falling by +6.9% over the last 12 months
3 year growth: -9.8%
5 year growth: 4.6%
Investment Disclaimer: Analysis based on GU8 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

Milford Road, Elstead, GU8
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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
£1,832
Based on a loan of £375,000 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.

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