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Red House Lane, Elstead, Godalming, Surrey, GU8

South East

£550,000
Listed on 17/04/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1118 sqft

Description

This detached bungalow in Elstead offers a promising investment opportunity for those looking to put their personal touch on a well-maintained property. The layout includes a spacious sitting room with a charming fireplace, as well as a separate dining room that can easily accommodate both casual family meals and more formal gatherings. The rear conservatory adds valuable living space, filling the home with natural light and providing direct access to the garden, making it an ideal spot for relaxation or social occasions. The kitchen, situated for optimal light and views, comes with built-in storage solutions but has ample potential for modernisation or reconfiguration to suit contemporary tastes. Two generously sized double bedrooms, each equipped with fitted wardrobes and served by a family bathroom, offer flexible accommodation options tailored to guest needs or remote working. The external areas complement the interior charm; the rear garden features mature landscaping and dedicated seating areas perfect for entertaining or enjoying the outdoors. A well-established driveway leads to an integral garage, enhancing convenience for parking and storage. Located in one of Surrey's most sought-after villages, residents benefit from a strong community atmosphere along with local amenities like shops, pubs, and schools. The surrounding countryside offers plenty of outdoor activities while maintaining easy access to transport links for commutes towards London. This property presents itself as a blank canvas ready for your renovation project.

Investment Analysis

(GU8 area)

Below Market Value

This property is priced -8.1% below area average per sq ft

-8.1%
Potential saving
This Property
£492/sq ft
Area Average
£535/sq ft
Avg Rent (weekly)
£535
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£658,189
10% above area average per sq ft
Potential ROI
+9.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (GU8)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -4.5%
5 year growth: +9.8%
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

Red House Lane, Elstead, Godalming, Surrey, GU8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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