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Floyds Lane, Woking, Surrey, GU22

South East

£550,000

Listed on 24/06/2026

Property details

Bedrooms
2
Type
Bungalow
Area
702 sqft

Description

This detached two-bedroom residence, constructed in 1935, is presented with no onward chain, offering a unique opportunity for those looking to invest in a property with considerable potential for renovation. The home is positioned in a desirable residential area, perfect for individuals seeking to modernise or expand their living space (subject to planning approvals). Currently, the layout includes a front-facing lounge, a separate dining area, a fitted kitchen, two bedrooms, and a shower room. This configuration provides ample flexibility for reimagining the interior layout to meet contemporary needs. A significant advantage of this property is its substantial development potential. The spacious plot combined with its detached structure allows for various extension possibilities—whether that be extending to the sides or rear or even developing into the roof space—providing future owners with an opportunity to increase living space significantly and enhance the property's value (pending necessary consents). Outdoors, you'll find a private rear garden alongside off-street parking and an outbuilding that could serve multiple purposes or be integrated into further development plans. Ideally located near reliable transport links and reputable schools along with a variety of local amenities, this property represents a balanced combination of location and investment prospect.

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Investment analysis

(GU22 area)

Above Market Value

This property is priced +61.5% above area average per sq ft

+61.5%
This Property
£783/sq ft
Area Average
£485/sq ft
Avg Rent (weekly)
£387
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£374,556
10% above area average per sq ft
Potential ROI
-40.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (GU22)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.9%
5 year growth: +0.2%
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

Floyds Lane, Woking, Surrey, GU22
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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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