The Guildford housing market has been experiencing a boom, with house prices and new development growth.
However, it may be crucial to remember that the Guildford housing market is incredibly competitive, so if you want to get into a property quickly. Hence, you should always take the assistance of your local Guildford housing solicitors like AVRillo.
In this article, you will find all the information you need to understand what's important in Guildford housing pricing trends, how it all comes together, and your options if you are selling a home in the area.
Detached homes are popular in Guildford, with over 23% of the market being detached. That is down slightly from a peak of 27% in 2017 but still shows an increase compared to 2016 figures of 17%.The average price for a detached home in Guildford is now up by 7%.
The top three most expensive areas for detached homes in Guildford are Maidens - where you can expect to pay around Pound 1.3m for your dream home; Claygate - with an average price of Pound 1m; and Bordon - where you could spend around Pound 950k on your dream home.
Apartment condominiums in Guildford, are a great choice for new homeowners who want to live in the city but don't want to deal with the hassle of a townhouse or single-family house maintenance.
These condo homes offer a lot of space and all the amenities you would expect from your home, including garage parking spaces, storage units, and more.
Apartment condominiums in Guildford are available to first-time buyers or seasoned homeowners alike. Prices vary depending on the location and size of the unit, but most condos sell for around Pound 250,000.
Apartment condominiums are also a great option if you're looking for a place to downsize after your children have grown up and left home. They are also perfect if you already have too many belongings and need some extra space for storage purposes.
Guildford housing is a great place to call home. Whether you are looking to buy your first home, renovate an existing property or rent out your current property.
Townhouses are affordable, spacious, and easy to maintain. Furthermore, townhouses can range from one bedroom to three bedrooms, so there's something for everyone.
The average townhouse price in Guildford is around Pound 400,000, but if you are looking for something cheaper, you could find yourself paying less than Pound 300,000!
Townhouses are one of Guildford's most popular housing types, with over 6% of homes being townhouses. It makes Guildford one of the UK's most affordable places to live.
Guildford's townhouses come in all shapes and sizes, from single-story townhouses with space for up to four people to three-story townhouses that accommodate up to six people.
Home Ownership vs. Rentals
Homeownership rates have been steadily increasing over the past decade, with 50% of residents owning their homes compared to 30% who do not own their homes. This trend shows no sign of abating in Guildford as more people are taking advantage of this great opportunity.
Rentals have become extremely popular over recent years due to high housing demand and low-income levels in the local area.
This trend has seen many families renting out their homes rather than selling them at a loss due to depreciating capital value or other reasons such as being overseas or unable to dispose of through a real estate agent.
Monthly Housing Costs
On average, the cost of renting a one-bedroom property in Guildford is Pound 816 per month. That is similar to the UK average of Pound 814 per month.
However, if you want to rent a two or three-bedroom property, expect to pay more as these properties are more expensive.
The average cost for renting a two-bedroom property in Guildford is Pound 1,160 per month, and for a three-bedroom property, it is Pound 1,472 per month.
Hopefully, this post will encourage some Guildford residents to spruce up their homes by making a few small updates. Of course, there's nothing wrong with keeping things somewhat modest and subtle, but you could get more buyers interested if you made some changes to appeal to a larger demographic.
In that sense, these are just a few small ways to increase your home value, but they are simple enough that they won't cost or take too much time.