According to the public record, 7, Michael Lane, Guildford is a modern freehold house with 990 ft2 of internal area and sits on a 220 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.
7, Michael Lane, Guildford has 21 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated November 2009.
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 7 Michael Lane Guildford as £559,998 and the rental value as £2,270 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 7 Michael Lane Guildford has increased by £11,167 (2.0%) and its rental value has increased by £144 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 7, Michael Lane, Guildford is in very good condition we estimate a sale value of £587,998 and rental value of £2,384 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £520,799 and a rental value of £2,111 per month.
If you were able to purchase this property for the estimated value of £559,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,752 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, 7, Michael Lane, Guildford sits on a plot of 220m2.
We have plot size data on 17 out of 25 other houses in the postcode and 7, Michael Lane, Guildford sits on the 9th largest plot.
According to HM Land Registry, 7, Michael Lane, Guildford was last sold on 18 May 2018 for £540,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2018, the market for similar properties has risen 14.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Michael Lane, Guildford within a radius of 510 metres over the last 2 years.
The most recent example is 21, Michael Lane, Guildford, GU2 9LB, a Freehold house which sold for £500,500 in Sep 2021.
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, 7, Michael Lane, Guildford is the 23rd largest and the 21st most expensive property on the street.
When compared to the postcode district it is £57k more expensive than the average property in GU2.
7, Michael Lane, Guildford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Nov 2009.
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 7, 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 7, 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 7, 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 7, 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 7, 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 7, 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.