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Elstead, Godalming, Surrey GU8 - Image 1
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Elstead, Godalming, Surrey GU8

South East

£550,000
Listed on 19/04/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1118 sqft

Description

This detached bungalow in a sought-after lane of Elstead offers an excellent chance for buyers looking to invest and personalize their living space. While the property has been maintained over the years, it presents clear potential for modern updates to reflect contemporary tastes and lifestyles. The spacious sitting room, highlighted by a feature fireplace, serves as a welcoming centerpiece, while the separate dining room allows flexibility for both casual meals and entertaining. At the back, a conservatory bathes in natural light, providing an inviting area that seamlessly connects indoor and outdoor living—ideal for relaxation or hosting gatherings. The kitchen is functional yet ripe for transformation, with ample storage and scope for reconfiguration into an open-plan layout that caters to today’s preferences. The property features two generous double bedrooms with fitted wardrobes, making them adaptable for family use or home office setups. Both rooms share a family bathroom that may benefit from modernization. The rear garden stands out with its level lawn and mature borders, presenting a canvas for landscaping or gardening enthusiasts. A driveway leads to an integral garage that offers parking convenience along with additional storage options. Elstead is known for its strong community atmosphere and essential amenities, including local shops and schools. Nestled within the picturesque Surrey Hills, this location also provides excellent opportunities for outdoor activities. With nearby access to public transport links to London Waterloo and major roadways like the A3, this property represents not just a home but a promising investment opportunity in an enviable setting.

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
£25,000 - £40,000
Target Value
£658,189
10% above area average per sq ft
Potential ROI
+11.6%
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

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.

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