15, MICHIGAN WAY, EXETER, EX4 5EU - £550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 MICHIGAN WAY is a large extended detached house of 137m², built sometime between 1976 and 1982, which could now be worth an estimated £536,730. It was last sold for £550,000 in September 2022, which was around 1% below the average September 2022 detached price in the Exeter local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was C.

15 MICHIGAN WAY Sold Prices

Land registry data shows two sales for 15 MICHIGAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Exeter local authority area for the corresponding sale date. One of the two 15 MICHIGAN WAY sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 27 SEP	£550,000	£554,372	1% below HPI
1995 6 JUL	£99,950	£94,451	6% above HPI

15 MICHIGAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The two 15 MICHIGAN WAY sales from July 1995 and September 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 1995 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 15 MICHIGAN WAY be worth now?

15 MICHIGAN WAY might now be worth an estimated £536,730.

This is based on house price deflation of 2.4%, between September 2022 and February 2025, for detached houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% deflationary decrease is applied to the most recent sale price for 15 MICHIGAN WAY of £550,000 on 27th September 2022. For the value to have decreased from £550,000 to £536,730 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 MICHIGAN WAY has moved in line with the HPI for detached houses in the Exeter local authority area.
• The September 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MICHIGAN WAY has not materially changed since September 2022.

How Large is 15 MICHIGAN WAY?

15 MICHIGAN WAY is 137m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exeter, and where 15 MICHIGAN WAY lies on this distribution: 69% of detached houses houses are smaller than 15 MICHIGAN WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Exeter.

15 MICHIGAN WAY: Plot and Title Map

15 MICHIGAN WAY sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of 15 MICHIGAN WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 MICHIGAN WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 MICHIGAN WAY?

15 MICHIGAN WAY is located in EXETER, in the EX4 postcode district. The below map shows the position of No. 15 on MICHIGAN WAY.