As it’s been nearly 8 weeks since I opened my doors for business in Guildford, I thought it was time to give you an update on how I’m finding the market. What’s the Guildford property market doing? And why might it be particularly good news for you if your current house is in the GU2 7 postcode sector ?
Having not traded in the market since December last year and with the Brexit saga rumbling on, I wasn’t sure exactly what market conditions would be like. Well, I’m pleased to report that Guildford’s property market is as resilient as ever, albeit with an air of caution to be seen in people’s buying behaviour.
Having listed my first half a dozen properties and agreed sales on three Guildford homes, I can say that the market seems strong for correctly priced properties that are marketed well. It’s true that you may need to kiss more frogs before getting your sale, but demand is certainly not weak.
I took on a house in Crossways, Onslow Village a few weeks ago and held a couple of open days. Demand, especially from SW and TW post coded buyers was really encouraging. There was also a healthy supply of good buyers from GU1 and GU2 – mainly due to the popularity of the County secondary school and mainline station access. Three offers were received and a sale was agreed close to the guide price.
I am currently dealing with a lovely Pewley Way house which needs complete refurbishment , but offers a blank canvas with extension possibility. The guide is £925,000. Again demand both locally and from the London area is really positive.
Looking further ahead, I have just launched a fine family home in Ennismore Avenue which is within the locally famous “Golden Triangle” – ideal for schools, the town centre and stations. This is at a guide of £1,295,000 and is already attracting local interest from word of mouth. This property has just gone live, so it will be interesting to see how demand pans out.
Guildford schools have always played a major part in influencing demand in the area. That’s set to continue with The County School providing an equally attractive alternative to The George Abbot. In my view, if this trend continues, the likely outcome, will be that property prices in the GU2 7 postcode district will increase ahead of the curve compared to the rest of Guildford in the not too distant future.
