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Howards Close, Woking, Surrey, GU22

South East

£450,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1127 sqft

Description

This semi-detached house, nestled in a quiet cul-de-sac, presents a compelling opportunity for renovation and investment. With 3 bedrooms and a flexible layout, the property is primed for modernization and expansion, set on a generous plot that allows for various development possibilities. Currently, the home features two well-sized double bedrooms along with two reception areas, providing ample space for family living. An attached annex enhances the functionality of the property; it includes a kitchenette, a third bedroom or reception room, and a separate WC and shower. This versatile addition opens out to the garden, allowing for easy access to outdoor space that is just waiting for your creative touch. The beautifully maintained garden offers a serene escape and presents further opportunities for enhancement. Whether you envision extending the existing structure or transforming the outdoor area into an inviting entertainment space, the potential here is significant. Located conveniently near Woking Park, this property benefits from proximity to educational institutions such as Woking College and St John the Baptist School. The town center is within walking distance, providing easy access to mainline rail services along with diverse shopping and dining options. Recreational activities abound in this area; residents can enjoy local golf clubs or explore scenic routes along the nearby Basingstoke Canal and River Wey. Chobham Common, designated as a National Nature Reserve, is also just a short distance away. This combination of location advantages alongside its renovation potential makes this property an intriguing prospect for buyers looking to invest in a thriving community.

Investment Analysis

(GU22 area)

Below Market Value

This property is priced -16.9% below area average per sq ft

-16.9%
Potential saving
This Property
£399/sq ft
Area Average
£481/sq ft
Avg Rent (weekly)
£376
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£595,986
10% above area average per sq ft
Potential ROI
+20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (GU22)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -5.6%
5 year growth: 1.3%
Investment Disclaimer: Analysis based on GU22 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

Howards Close, Woking, Surrey, GU22
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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
£1,648
Based on a loan of £337,500 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