According to the public record, 3, Mill House Apartments 1, Guildford is a modern leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Mill House Apartments, Mill Lane, Guildford, GU1.
Mill Lane, Guildford, GU1 is located in the borough of Guildford within the GU1 postal district.
3, Mill House Apartments 1, Guildford has a single entry in the Land Registry database from January 2021 and a single entry in the EPC database dated June 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 3 Mill House Apartments 1 Guildford as £161,226 and the rental value as £906 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 3 Mill House Apartments 1 Guildford has increased by £2,479 (1.5%) and its rental value has increased by £53 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 3, Mill House Apartments 1, Guildford is in very good condition we estimate a sale value of £169,287 and rental value of £951 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,940 and a rental value of £843 per month.
If you were able to purchase this property for the estimated value of £161,226, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £792 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, 3, Mill House Apartments 1, Guildford was last sold on 08 Jan 2021 for £150,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2021, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Mill House Apartments 1, Guildford within a radius of 490 metres over the last 2 years.
The most recent example is Flat 40, Mount Place, The Mount, Guildford, GU2 4HU, a Leasehold flat which sold for £130,000 in Jul 2023.
Read more about house prices in GU1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Guildford, GU1 has a total of 5 addresses. According to our analysis of all the public data, 3, Mill House Apartments 1, Guildford is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £432k less expensive than the average property in GU1.
3, Mill House Apartments 1, Guildford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jun 2020.
The property is connected to mains gas and has full secondary glazing. It is heated using a boiler and radiators.
The closest station to 3, Mill House Apartments 1, Guildford is Guildford station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Mill House Apartments 1, Guildford, 55.9% of property is privately rented and 18.0% 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 3, Mill House Apartments 1, Guildford, 19.1% of residents are recorded as possessing school level qualifications and 57.4% 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 3, Mill House Apartments 1, Guildford, the average age was 37 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 3, Mill House Apartments 1, 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 3, Mill House Apartments 1, Guildford, there are an average of 0.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.