Tynley Grove, Jacobs Well, Guildford
Three-bedroom detached bungalow requiring modernisation
Added area: 146 sq ft. Existing area is stated in the live particulars. The proposed area is a working appraisal assumption and must be replaced by a measured design.
Our take
The 904 sq ft bungalow is real, measurable and straightforward to understand. A good refurbishment should move it towards the strongest same-road bungalow evidence. A modest rear extension could take it to roughly 1,050 sq ft, but the extra spend only works if the purchase price comes down.
Refurbishment case
Target purchase £375,000. SDLT £8,750 · Legal and survey £5,000 · Refurbishment £90,000 (about £100/existing sq ft) · Finance and holding £25,000 · Selling and exit £19,000. Total cost £522,750. Refurb GDV £570,000–£600,000, giving a working profit of £47,250–£77,250.
Extension case
Start with the same £90,000 refurbishment. Add 146 sq ft at £250/sq ft (£36,500), plus £15,000 for design, approvals and contingency. Allow £30,000 finance/holding and £20,000 selling/exit. Total cost about £580,250. At £630,000–£650,000 GDV, working profit is £49,750–£69,750.
Comparable floor-area evidence
SAME ROAD — SOLD
7 Tynley Grove · £570,000 · Jan 2025 · 915 sq ft · £623/sq ft
CURRENT ASKING — NOT SOLD
Improved Tynley Grove bungalow · £599,950 · 1,001 sq ft · £599/sq ft · loft permission
CURRENT ASKING — NOT SOLD
Newly refurbished and extended Jacobs Well bungalow · £650,000 · 1,036 sq ft · £627/sq ft
GDV and £/sq ft evidence
The refurb case uses roughly £631–£664 per sq ft on 904 sq ft. The extension case uses £600–£619 per sq ft on 1,050 sq ft. Those ranges sit close to the measured local evidence rather than relying on a blanket area average.