After some time, the domain fully expired and GoDaddy decided to buy it as soon as it did, and charged me £2,225 to renew the domain. I don't understand how a price that large is justified, considering that my website gets barely any visitors and I basically only use the domain for hosting stuff. No idea how hiking prices this much is legal
GoDaddy is known to do that.
Technically, they're not hiking the price. GoDaddy ~~bought~~ scalped it after it expired and then is re-selling it at an astronomically higher price. It's one of the many, many reasons people hate them.
I'm ashamed to say I still have a couple of domains with GD that I haven't migrated yet. This post might just light a fire under me to get that done.