Key indicators for buyers
The KT40 market is moderately favourable for buyers. Affordability has improved from a peak of 13.2x in 2015 to 10.6x today.
Yearly averages · HM Land Registry Price Paid Data
The average property in KT40 sold for £70,000 in 2014, with a median of £70,000 across 1 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider Woking area
A home in Woking costs 10.6x the local median salary — very stretched, improving from a peak of 13.2x in 2015.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Woking area
Average monthly rent in Woking is £1,615, down 0.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Woking price of £70,000 with a 25% deposit (£18k), a 2-year fixed mortgage at 3.97% costs around £276 per month.
Monthly cost comparison based on current data
Uses KT40 avg. price with Woking rental data
Monthly mortgage payments (£276) are £1,339 less than renting (£1,615). However, buying requires an upfront deposit of £18k — it would take around 1 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
UNIT 2, WEY RETAIL PARK, ROYSTON ROAD, BYFLEET KT40 7NT | Other | £70,000 | 28 May 2014 |
The most recent recorded sale in KT40 was a other property on Royston Road for £70,000 in May 2014. Across the last 1 sales, the median price was £70,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.