According to the public record, 16, Michael Lane, Guildford is a modern freehold house with 1,819 ft2 of internal area and sits on a 294 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Michael Lane, Guildford, GU2 is located in the borough of Guildford within the GU2 postal district.
16, Michael Lane, Guildford has 2 entries in the Land Registry database, most recently in December 2018 and a single entry in the EPC database dated June 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Michael Lane Guildford as £806,432 and the rental value as £2,768 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 16 Michael Lane Guildford has decreased by £3,126 (0.4%) and its rental value has increased by £107 per month (3.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Michael Lane, Guildford is in very good condition we estimate a sale value of £846,753 and rental value of £2,907 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £749,982 and a rental value of £2,575 per month.
If you were able to purchase this property for the estimated value of £806,432, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,963 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 16, Michael Lane, Guildford sits on a plot of 294m2.
We have plot size data on 17 out of 25 other houses in the postcode and 16, Michael Lane, Guildford sits on the 7th largest plot.
According to HM Land Registry, 16, Michael Lane, Guildford was last sold on 20 Dec 2018 for £640,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Michael Lane, Guildford within a radius of 530 metres over the last 2 years.
The most recent example is 25, Knox Road, Guildford, GU2 9AH, a Freehold house which sold for £900,000 in May 2024.
Read more about house prices in GU2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Michael Lane, Guildford, GU2 has a total of 25 addresses. According to our analysis of all the public data, 16, Michael Lane, Guildford is the largest and the most expensive property on the street.
When compared to the postcode district it is £303k more expensive than the average property in GU2.
16, Michael Lane, Guildford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jun 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Michael Lane, Guildford is Worplesdon station which is 2.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Michael Lane, Guildford, 43.6% of property is privately owned with a mortgage and 22.8% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Michael Lane, Guildford, 25.6% of residents are recorded as possessing school level qualifications and 55.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Michael Lane, Guildford, the average age was 37.8 and the most common age was 22.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Michael Lane, Guildford, 0.9% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Michael Lane, Guildford, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.