According to the public record, 40 Edison House, Godalming is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Edison House, Flambard Way, Godalming, GU7.
Flambard Way, Godalming, GU7 is located in the borough of Waverley within the GU7 postal district.
40 Edison House, Godalming has a single entry in the Land Registry database from August 2017 and a single entry in the EPC database dated March 2017.
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 40 Edison House Godalming as £328,678 and the rental value as £1,415 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 40 Edison House Godalming has decreased by £1,714 (0.5%) and its rental value has increased by £43 per month (3.0%).
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 40 Edison House, Godalming is in very good condition we estimate a sale value of £345,112 and rental value of £1,486 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,670 and a rental value of £1,316 per month.
If you were able to purchase this property for the estimated value of £328,678, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,615 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, 40 Edison House, Godalming was last sold on 04 Aug 2017 for £325,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2017, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40 Edison House, Godalming within a radius of 660 metres over the last 2 years.
The most recent example is 24 Edison House, Flambard Way, Godalming, GU7 1FF, a Leasehold flat which sold for £350,000 in Apr 2022.
Read more about house prices in GU7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Flambard Way, Godalming, GU7 has a total of 138 addresses. According to our analysis of all the public data, 40 Edison House, Godalming is the 46th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £238k less expensive than the average property in GU7.
40 Edison House, Godalming has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Mar 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 40 Edison House, Godalming is Godalming station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40 Edison House, Godalming, 39.0% of property is privately owned with a mortgage and 27.4% is privately owned outright.
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 40 Edison House, Godalming, 15.0% of residents are recorded as possessing school level qualifications and 56.2% 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 40 Edison House, 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 40 Edison House, Godalming, 1.2% 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 40 Edison House, 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.