Property trends for GU22

    GU22 covers Woking and surrounding areas in Surrey, positioned between London and the Hampshire border. It is an established commuter-belt location with good transport links, attracting professional households and families seeking suburban living.

    At a Glance

    Average Property Price - GU22

    £585,590

    89

    National percentile

    Average Monthly Rent - GU

    £1,464

    79

    National percentile

    Average Net Household Income - GU22

    £53,432

    94

    National percentile

    Flat / Maisonette Yield - GU

    5.4%

    38

    National percentile

    10-Year Annualised Price Growth - GU22

    2.5%

    17

    National percentile

    10-Year Annualised Rent Growth - GU

    3.1%

    7

    National percentile

    Property Price & Volume Trends

    The district's average property price of £586,000 places it among the most expensive nationally. However, its 10-year annualised growth of 2.5% has been well below the national average, reflecting a period of relatively subdued capital appreciation. Transaction volumes have softened, with 424 sales in the latest year against a 10-year average of 532, suggesting a less active market.

    Rent & Yield Trends

    Average monthly rents of £1,464 sit well above the national average, reflecting the area's affluent profile. Rent growth over the past decade has been sluggish at 3.1% annually — among the slowest nationally. The flat yield of 5.4% is notably above its 10-year average of 4.5%, signalling improved investor returns despite weak rental growth.

    Income & Affordability Trends

    Household incomes in GU22 are exceptionally strong at £53,432, among the highest nationally. However, this prosperity is offset by affordability pressures: the price-to-income ratio has risen to 11.7x from 9.9x in 2016, indicating homes have become significantly less affordable relative to earnings. Rental affordability has also tightened slightly, with rents now consuming 30.5% of income against 29.7% a decade ago.

    Resident Demographic Profile

    The population is distinctly family-oriented, with 35–49-year-olds representing 23% — well above the national average of 18.7%. Conversely, young adults aged 16–24 are noticeably underrepresented at 8.6% versus the national 11.0%. The workforce is heavily skewed towards professionals (28.6%) and managers (18.2%), far exceeding national norms, whilst manual trades and elementary roles are considerably scarcer. Owner-occupation with a mortgage (33.4%) is above average, reflecting the demographic weight of working-age families.

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