According to the public record, 2 Lockwood Court, Godalming is a mid-century leasehold apartment with 1,679 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Lockwood Court, Knoll Road, Godalming, GU7.
Knoll Road, Godalming, GU7 is located in the borough of Waverley within the GU7 postal district.
2 Lockwood Court, Godalming has 21 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated March 2022.
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 2 Lockwood Court Godalming as £542,472 and the rental value as £2,325 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Lockwood Court Godalming has increased by £11,831 (2.2%) and its rental value has increased by £136 per month (5.8%).
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 2 Lockwood Court, Godalming is in very good condition we estimate a sale value of £569,595 and rental value of £2,441 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £504,499 and a rental value of £2,162 per month.
If you were able to purchase this property for the estimated value of £542,472, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,666 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 HM Land Registry, 2 Lockwood Court, Godalming was last sold on 15 Nov 2022 for £530,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Lockwood Court, Godalming within a radius of 640 metres over the last 2 years.
The most recent example is Upper Newstead, Charterhouse Road, Godalming, GU7 2AL, a Leasehold flat which sold for £465,000 in Feb 2022.
Read more about house prices in GU7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Knoll Road, Godalming, GU7 has a total of 58 addresses. According to our analysis of all the public data, 2 Lockwood Court, Godalming is the 26th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £24k less expensive than the average property in GU7.
2 Lockwood Court, Godalming has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Mar 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 2 Lockwood Court, Godalming is Farncombe station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 Lockwood Court, Godalming, 35.2% of property is privately owned outright and 31.7% is privately owned with a mortgage.
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 2 Lockwood Court, Godalming, 16.4% of residents are recorded as possessing school level qualifications and 62.0% 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 2 Lockwood Court, Godalming, the average age was 39.2 and the most common age was 17.
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 2 Lockwood Court, Godalming, 3.8% 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 2 Lockwood Court, Godalming, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.