According to the public record, 21, Michael Lane, Guildford is a modern freehold house with 947 ft2 of internal area and sits on a 275 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Michael Lane, Guildford, GU2 is located in the borough of Guildford within the GU2 postal district.
21, Michael Lane, Guildford has 2 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated October 2020.
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 21 Michael Lane Guildford as £533,378 and the rental value as £2,186 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 21 Michael Lane Guildford has increased by £10,636 (2.0%) and its rental value has increased by £139 per month (6.4%).
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 21, Michael Lane, Guildford is in very good condition we estimate a sale value of £560,047 and rental value of £2,295 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £496,041 and a rental value of £2,033 per month.
If you were able to purchase this property for the estimated value of £533,378, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,621 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, 21, Michael Lane, Guildford sits on a plot of 275m2.
We have plot size data on 17 out of 25 other houses in the postcode and 21, Michael Lane, Guildford sits on the 8th largest plot.
According to HM Land Registry, 21, Michael Lane, Guildford was last sold on 01 Sep 2021 for £500,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2021, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Michael Lane, Guildford within a radius of 530 metres over the last 2 years.
The most recent example is 6, Whateley Close, Guildford, GU2 9LW, a Freehold house which sold for £557,500 in Aug 2023.
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, 21, Michael Lane, Guildford is the 24th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in GU2.
21, Michael Lane, Guildford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Oct 2020.
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 21, 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 21, 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 21, 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 21, 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 21, 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 21, 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.