According to the public record, Flat 2, Merrow Heights 253, Guildford is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Merrow Heights, Epsom Road, Guildford, GU1.
Epsom Road, Guildford, GU1 is located in the borough of Guildford within the GU1 postal district.
Flat 2, Merrow Heights 253, Guildford has 2 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated September 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 Flat 2 Merrow Heights 253 Guildford as £278,005 and the rental value as £1,538 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 2 Merrow Heights 253 Guildford has decreased by £1,242 (0.4%) and its rental value has increased by £68 per month (4.4%).
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 Flat 2, Merrow Heights 253, Guildford is in very good condition we estimate a sale value of £291,905 and rental value of £1,614 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,545 and a rental value of £1,430 per month.
If you were able to purchase this property for the estimated value of £278,005, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,366 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, Flat 2, Merrow Heights 253, Guildford was last sold on 02 May 2023 for £283,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2023, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Merrow Heights 253, Guildford within a radius of 830 metres over the last 2 years.
The most recent example is Flat 11, Merrow Heights 253, Epsom Road, Guildford, GU1 2RE, a Leasehold flat which sold for £257,000 in Apr 2019.
Read more about house prices in GU1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Epsom Road, Guildford, GU1 has a total of 375 addresses. According to our analysis of all the public data, Flat 2, Merrow Heights 253, Guildford is the 240th largest and the 304th most expensive property on the street.
When compared to the postcode district it is £315k less expensive than the average property in GU1.
Flat 2, Merrow Heights 253, Guildford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Sep 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 Flat 2, Merrow Heights 253, Guildford is London Road (Guildford) station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Merrow Heights 253, Guildford, 52.5% of property is socially rented and 25.4% 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 Flat 2, Merrow Heights 253, Guildford, 26.8% of residents are recorded as possessing school level qualifications and 30.8% 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 Flat 2, Merrow Heights 253, Guildford, the average age was 39.8 and the most common age was 12.
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 Flat 2, Merrow Heights 253, Guildford, 0.6% 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 Flat 2, Merrow Heights 253, Guildford, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.