2-bedroom bungalow · GU23 6QT
Listing removedListed 231 days
Opportunity summary
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About
The site comprises an existing detached bungalow set within a plot of approximately 0.23 acres, shown edged in red.
The vacant bungalow extends to approximately 950 sq ft (gia), was recently occupied, and is in need of upgrading or replacement building-to include foul drainage replacement.
A pre-application submission has been made to Guildford Borough Council seeking a new independent access to serve the property, with feedback currently awaited.
The site is positioned adjacent to a development site where substantial enhancements have been achieved on a similar dwelling.
Any additional land beyond the red line shown, would be available only by way of separate negotiation. (The red line is approximate and subject to clarification of boundaries).
The site is accessed via a private road with access rights.
Mill Lane is situated between the villages of Ripley and Ockham, within a highly regarded rural setting characterised by low-density housing, mature landscaping and immediate access to open countryside.
Ripley offers a strong village centre with independent cafés, public houses and local amenities, while the nearby town of Cobham provides a wider range of retail, dining and everyday services.
The surrounding area is well known for its recreational appeal, with extensive green space, countryside walks and notable leisure facilities including Wisley Golf Club and Pyrford Lakes Golf Club, both of which contribute to the area’s established lifestyle credentials.
Connectivity is a key strength, with Woking providing fast and frequent rail services to London Waterloo, and Guildford offering a comprehensive range of shopping, leisure and cultural facilities.
The A3 and M25 are readily accessible, supporting regional and national travel. Tenure: Freehold dataroom: Contact us for link.
Method of sale: Offers are sought for the freehold interest on a wholly unconditional basis.
Aml: A successful bidder will be required to provide information to satisfy the requisite aml requirements when Heads of Terms are agreed.
VAT: We understand that the property is not elected for VAT, but buyers should satisfy themselves on this point. Viewings: Viewings strictly by appointment by the vendors instructed sales agents.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 2 The Bungalows,, Mill Lane, Surrey
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