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House Prices in GU8

The average house price in GU8 (Godalming) is £1,059,000 using HM Land Registry data.

The average property price increased by £276,540 (5.08%) over the last 5 years and increased by £55,284 (0.89%) over the last 12 months.

Over the last year, there were 183 residential property sales – a decrease of 16 transactions (-8.74%) relative to the previous year. The majority of house sales (57) were in the £350,000 - £580,000 range. Then came properties in the £580,000 - £810,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-31,869 (-3%).

In June 2024, there were 31 new estate agency instructions, 34 agreed home sales and 26 property price reductions.

5-Year Average Property Prices in GU8 (Godalming)

5.08%

Property prices in Godalming increased by 5.08% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in GU8 (Godalming) Over the Last Year

0.89%

Property prices in Godalming increased by 0.89% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for GU8 (Godalming) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in GU8 (Godalming)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in GU8 (Godalming)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in GU8 (Godalming)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the GU8 (Godalming) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the GU8 postcode area since 1995.

Recent Sales in GU8 (Godalming)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
15 Oxted Green, Milford, Godalming, Surrey, GU8 5DD	£1,150,000	£1,010,000	-£140,000	19 May 2023	19 Apr 2024	336 Days
Mill House Cottage, Petworth Road, Chiddingfold, Godalming, Surrey, GU8 4SL	£899,995	£850,000	-£49,995	04 Aug 2023	20 Mar 2024	229 Days
25 Busdens Lane, Milford, Godalming, Surrey, GU8 5JR	£350,000	£350,000	£00	17 Oct 2023	07 Mar 2024	142 Days
Stanhope, Woodside Road, Chiddingfold, Godalming, Surrey, GU8 4RJ	£625,000	£585,000	-£40,000	07 Jul 2023	22 Feb 2024	230 Days
Barn Cottage, Brook Road, Wormley, Godalming, Surrey, GU8 5UR	£1,500,000	£1,400,000	-£100,000	05 Sep 2023	26 Jan 2024	143 Days
St Oswalds, Station Lane, Enton, Godalming, Surrey, GU8 5AN	£1,895,000	£1,895,000	£00	31 May 2023	12 Jan 2024	226 Days
St Kilda, Portsmouth Road, Milford, Godalming, Surrey, GU8 5DY	£595,000	£563,800	-£31,200	07 Jul 2023	12 Jan 2024	189 Days
21 Silver Birches Way, Elstead, Godalming, Surrey, GU8 6JA	£725,000	£690,000	-£35,000	06 Jul 2023	15 Dec 2023	162 Days
2 Hazelwood, Elstead, Godalming, Surrey, GU8 6HJ	£475,000	£450,000	-£25,000	22 May 2023	08 Dec 2023	200 Days
Broadlane End Cottage, Petworth Road, Chiddingfold, Godalming, West Sussex, GU8 4SU	£925,000	£881,000	-£44,000	11 Jul 2023	29 Nov 2023	141 Days
4 George Road, Milford, Godalming, Surrey, GU8 5HA	£620,000	£608,000	-£12,000	27 Jul 2023	17 Nov 2023	113 Days
Grove Cottage, Gasden Copse, Witley, Godalming, Surrey, GU8 5QD	£850,000	£849,000	-£1,000	22 May 2023	17 Nov 2023	179 Days
9 Manor Lea Close, Milford, Godalming, Surrey, GU8 5EH	£350,000	£345,000	-£5,000	08 Aug 2023	16 Nov 2023	100 Days
Gorse View, The Common, Dunsfold, Godalming, Surrey, GU8 4LE	£425,000	£425,000	£00	12 Jun 2023	10 Nov 2023	151 Days
The Toft, Khartoum Road, Witley, Godalming, Surrey, GU8 5RB	£740,000	£725,000	-£15,000	19 Jun 2023	10 Nov 2023	144 Days
Wyken, Wildcroft Wood, Witley, Godalming, Surrey, GU8 5RL	£565,000	£555,000	-£10,000	01 Sep 2023	07 Nov 2023	67 Days
Old Hurst, Station Lane, Milford, Godalming, Surrey, GU8 5HT	£2,400,000	£2,250,000	-£150,000	03 Jun 2023	27 Oct 2023	146 Days
Hurst Cottage, Combe Lane, Wormley, Godalming, Surrey, GU8 5TE	£1,350,000	£1,282,000	-£68,000	16 Jun 2023	27 Oct 2023	133 Days
6 Newlands, Witley, Godalming, Surrey, GU8 5LL	£375,000	£375,000	£00	14 Feb 2023	25 Oct 2023	253 Days
15 Ockfields, Milford, Godalming, Surrey, GU8 5JT	£550,000	£537,000	-£13,000	06 Jun 2023	20 Oct 2023	136 Days

Most Expensive Streets in GU8 (Godalming)

Postcode	Street	Area	Average	No. of Sales
GU8 4AE	Hascombe Road	Godalming	£2,825,000	4
GU8 5UB	Bannacle Hill Road, Wormley	Godalming	£2,698,750	4
GU8 4SJ	Mill Lane, Chiddingfold	Godalming	£2,358,750	4
GU8 4DD	The Hydons, Hydestile	Godalming	£2,117,500	3
GU8 4XP	Prestwick Lane, Chiddingfold	Godalming	£2,011,666	3
GU8 6NW	Bowlhead Green	Godalming	£1,882,500	4
GU8 4PF	Plaistow Road, Dunsfold	Godalming	£1,751,666	3
GU8 5AG	Water Lane, Enton	Godalming	£1,616,666	3
GU8 4SL	Petworth Road, Chiddingfold	Godalming	£1,537,500	4
GU8 6LW	Thursley Road, Elstead	Godalming	£1,529,333	3

Least Expensive Streets in GU8 (Godalming)

Postcode	Street	Area	Average	No. of Sales
GU8 5JQ	Manor Green, Milford	Godalming	£203,066	3
GU8 5DQ	Ladycross, Milford	Godalming	£210,000	4
GU8 5SR	Rose Cottages, Culmer Lane	Godalming	£227,500	4
GU8 5AZ	Highcroft, Milford	Godalming	£242,500	7
GU8 5DL	Woodpeckers, Milford	Godalming	£279,833	6
GU8 6HN	Milford Road, Elstead	Godalming	£304,750	4
GU8 5DW	Badgers Cross, Milford	Godalming	£321,666	9
GU8 6HL	Milford Road, Elstead	Godalming	£322,875	4
GU8 5DJ	Swallow Close, Milford	Godalming	£327,300	5
GU8 5NR	Willow Mead, Witley	Godalming	£347,880	5