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Mill Lane, Ripley, Surrey, GU23 - Image 1

Mill Lane, Ripley, Surrey, GU23

South East

£500,000
Listed on 04/03/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This property features a detached bungalow situated on a generous plot of around 0.23 acres, providing significant potential for renovation or redevelopment. Currently encompassing approximately 950 sq ft, the bungalow has been left vacant and requires various upgrades, including essential improvements to the drainage system. A pre-application for a new independent access route has been submitted to Guildford Borough Council, with feedback pending, indicating a proactive approach to planning enhancements. The location is adjacent to an area experiencing positive development trends, making it ripe for investment. While the site accesses via a private road and includes rights, any additional land can potentially be acquired through separate negotiations. Nestled between the charming villages of Ripley and Ockham, this property enjoys a serene rural atmosphere characterized by spacious landscaping and immediate access to natural surroundings. Ripley boasts a vibrant village centre with local eateries and amenities, while Cobham offers a broader selection of shopping and dining options. The area is celebrated for its recreational opportunities, including extensive green spaces and leisure facilities like Wisley Golf Club. The connectivity is commendable, with Woking station providing swift rail links to London Waterloo and good access to the A3 and M25 for broader travel. This freehold property embodies an enticing refurbishment opportunity in a well-regarded locale.

Investment Analysis

(GU23 area)
Area Average
£540/sq ft
Avg Rent (weekly)
£699
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (GU23)

Area prices are falling by -8.1% over the last 12 months
3 year growth: -3.8%
5 year growth: -1.4%
Investment Disclaimer: Analysis based on GU23 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

Mill Lane, Ripley, Surrey, GU23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% 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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