Are you on the lookout for a prime property investment opportunity? Look no further than Guildford, a quaint town tucked away in Surrey, the United Kingdom. Guildford is the perfect location for investors looking for both a good quality of life and great profits on their investments since it provides a riveting combination of history, culture, and natural beauty.
This is a town that stands tall, with a rich history that spans centuries, and yet it hums with the vitality of a vibrant metropolis. Guildford entices tourists to travel back in time with its patchwork of cobblestone streets, old buildings, and monuments. But underneath its alluring exterior is a universe of untapped financial possibilities. Our estate agents in Guildford are equipped with the best market knowledge to help you find the right property at the right budget.
The Advantages of Guildford Real Estate Investing:
Guildford is a desirable alternative for real estate investors because of the town’s location and transportation options. The state of the art transit options make it simple to get to Heathrow, Gatwick, and other major UK cities.
Additionally, Guildford is only 30 miles from London, making the trip to the city easy. Because of this, the town is an appealing option for people seeking a less stressful lifestyle or who are struggling to keep up with the rising expense of living in the capital.
There is also significant demand in Guildford for luxurious lodging. Investors may benefit from this without having to pay the high London real estate costs. As a result, there is also significant demand in Guildford for luxurious lodging. Investors may benefit from this without having to pay the high London real estate costs.
We can observe exactly how much more accessible the Surrey town is to investors by looking at the sales prices. The average sales price for a London house during the last 12 months, according to Zoopla, was little under £732,000. Guildford saw much lower sales prices for the same time frame, with an average just short of £584,000.
Capital Gains in Guildford:
One of the most important elements real estate investors need to take into account is capital growth, or the rise in value over time. According to the most recent statistics from the Office for National Statistics (ONS), average home prices in the UK climbed by 5.5% in the 12 months leading up to February 2023. With a 5.8% increase over that time, the South East marginally outperformed the national growth. Even though Guildford’s housing market has not kept up with the surrounding area, it has outpaced London in terms of capital gains for investors.
The latest data from the UK House Price Index, Guildford real estate prices rose 3.5% in the year leading up to February 2023. The price increase since 2019 is 16.5%. Prices in the capital have increased 13.25% since 2019 and 2.9% over the previous year. A different set of Zoopla statistics reveals that Guildford real estate is in high demand as well. Compared to the national average of 60 days, the town’s properties sell after being listed for sale in about 37 days.
Demand and Rental Returns in Guildford:
In Guildford, there is a considerable demand for luxurious rental housing. This is because the town has many enticing features and is close to London, making it a popular area for professionals to live. There is also a campus for the University of Surrey, which is home to around 14,000 students.
Additionally, Guildford offers good rental returns in addition to a consistent flow of renters for landlords. The South East has an average rental return of 3.72%, according to Land Registry statistics. However, due to demand, the yearly rental rise in Guildford has climbed by 5.3%, according to the Savills Prime Lettings Index. Additionally, rents are up 13.3% from where they were in March 2020.
Guildford’s real estate investment opportunity goes beyond houses. The town also provides chances for retail and commercial investments. Guildford draws firms looking for a strategic location and access to a talented workforce with its booming business climate and wide variety of sectors.