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Milford and Witley House Prices Milford and Witley House Prices

The average house price in Milford and Witley is £407,000 using HM Land Registry data.

The average property price increased by £182,525 (39.55%) over the last 5 years and increased by £36,480 (6%) over the last 12 months.

Over the last year, there were 71 residential property sales – a decrease of 25 transactions (-35.21%) relative to the previous year. The majority of house sales (18) were in the £408,000 - £536,000 range. Then came properties in the £280,000 - £408,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 43 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-31,869 (-3%).

In April 2024, there were 21 new estate agency instructions, 14 agreed home sales and 10 property price reductions.

Neighbouring Areas: Godalming

Postcodes Covered: GU8

5-Year Average Property Prices in Milford and Witley

39.55%

Property prices in Milford and Witley increased by 39.55% 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 Milford and Witley Over the Last Year

6%

Property prices in Milford and Witley increased by 6% 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.

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).

Property Market Heat Gauge for Milford and Witley - April 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Milford and Witley

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 Milford and Witley

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 Milford and Witley

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 Milford and Witley since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Milford and Witley area since 1995.

Recent Property Sales in Milford and Witley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 George Road, Milford, Godalming, Surrey, GU8 5HA£620,000£608,000-£12,00027 Jul 202317 Nov 2023113 Days
9 Manor Lea Close, Milford, Godalming, Surrey, GU8 5EH£350,000£345,000-£5,00008 Aug 202316 Nov 2023100 Days
Wyken, Wildcroft Wood, Witley, Godalming, Surrey, GU8 5RL£565,000£555,000-£10,00001 Sep 202307 Nov 202367 Days
Old Hurst, Station Lane, Milford, Godalming, Surrey, GU8 5HT£2,400,000£2,250,000-£150,00003 Jun 202327 Oct 2023146 Days
6 Newlands, Witley, Godalming, Surrey, GU8 5LL£375,000£375,000£0014 Feb 202325 Oct 2023253 Days
17 Elmside, Milford, Godalming, Surrey, GU8 5EG£285,000£285,000£0012 May 202317 Oct 2023158 Days
Fernlea, Hurst Farm Close, Milford, Godalming, Surrey, GU8 5ER£700,000£667,500-£32,50010 May 202328 Sep 2023141 Days
16 Merryacres, Witley, Godalming, Surrey, GU8 5RG£900,000£900,000£0007 May 202319 Sep 2023135 Days
9 Leehurst, Milford, Godalming, Surrey, GU8 5BF£399,950£386,620-£13,33022 May 202315 Sep 2023116 Days
The Laurels, Gasden Lane, Witley, Godalming, Surrey, GU8 5QB£925,000£880,000-£45,00023 Nov 202229 Aug 2023279 Days
Gatton Cottage, 6, Church Road, Milford, Godalming, Surrey, GU8 5JD£875,000£850,000-£25,00021 Mar 202317 Aug 2023149 Days
St Margarets, Petworth Road, Witley, Godalming, Surrey, GU8 5LZ£1,395,000£1,395,000£0024 Mar 202309 Aug 2023138 Days
26 Oak Tree Road, Milford, Godalming, Surrey, GU8 5JN£665,000£640,000-£25,00018 Apr 202307 Aug 2023111 Days
36 Elmside, Milford, Godalming, Surrey, GU8 5EG£475,000£475,000£0031 Mar 202307 Aug 2023129 Days
41 George Eliot Close, Witley, Godalming, Surrey, GU8 5PQ£850,000£850,000£0021 Jul 202304 Aug 202314 Days
20 Manor Fields, Milford, Godalming, Surrey, GU8 5EQ£415,000£415,000£0011 Apr 202328 Jul 2023108 Days
13 Northfield, Witley, Godalming, Surrey, GU8 5LN£585,000£552,500-£32,50011 Dec 202214 Jul 2023215 Days
80 Church Road, Milford, Godalming, Surrey, GU8 5JD£475,000£460,000-£15,00001 Dec 202207 Jul 2023218 Days
23 Meadow Close, Milford, Godalming, Surrey, GU8 5HN£450,000£425,000-£25,00016 Feb 202307 Jul 2023141 Days
20 Springwood, Milford, Godalming, Surrey, GU8 5HR£107,500£107,500£0020 Sep 202231 May 2023253 Days

Most Expensive Streets in Milford and Witley

PostcodeStreetAreaAverageNo. of Sales
GU8 5QEGasden CopseWitley£1,430,6663
GU8 5QDGasden CopseWitley£1,265,5745
GU8 5PWChurch LaneWitley£869,1663
GU8 5BHMoushill LaneMilford£868,6663
GU8 5LQLakes LaneWitley£854,0005
GU8 5QBGasden LaneWitley£838,4808
GU8 5HYThe LawnsMilford£835,5004
GU8 5EFManor Lea RoadMilford£828,7624
GU8 5DAOxted GreenMilford£767,1119
GU8 5LSPetworth RoadWitley£763,3333

Least Expensive Streets in Milford and Witley

PostcodeStreetAreaAverageNo. of Sales
GU8 5JQManor GreenMilford£203,0663
GU8 5DQLadycrossMilford£208,0005
GU8 5AZHighcroftMilford£235,2005
GU8 5FJMiltons HousePetworth Road£278,3333
GU8 5DLWoodpeckersMilford£279,8336
GU8 5DWBadgers CrossMilford£321,6669
GU8 5DJSwallow CloseMilford£327,3005
GU8 5HJMilford HousePortsmouth Road£341,82510
GU8 5NRWillow MeadWitley£347,8805
GU8 5JPBusdens WayMilford£352,8889

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