16, MICHAEL LANE, GUILDFORD, GU2 9LB - £640,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 MICHAEL LANE is a large detached house of 169m². It was last sold for £640,000 in December 2018, which was around 17% below the average December 2018 detached price in the Guildford local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

16 MICHAEL LANE Sold Prices

Land registry data shows three sales for 16 MICHAEL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Guildford local authority area for the corresponding sale date. All of the three 16 MICHAEL LANE sales were for below 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
2018 20 DEC	£640,000	£768,656	17% below HPI
2018 3 AUG	£640,000	£791,552	19% below HPI
2006 20 JAN	£399,995	£428,130	7% below HPI

16 MICHAEL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Guildford local authority area over time, sourced from the HPI. The three 16 MICHAEL LANE sales between January 2006 and December 2018 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 August 2018 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2018 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 16 MICHAEL LANE?

16 MICHAEL LANE is 169m² according to the EPC inspection conducted in June 2018. This puts it in the largest 30% of detached houses in Guildford, based on EPC data. The below chart shows the distribution of detached houses by size in Guildford, and where 16 MICHAEL LANE lies on this distribution: 70% of detached houses are smaller than 16 MICHAEL LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Guildford.

16 MICHAEL LANE: Plot and Title Map

16 MICHAEL LANE sits on a plot of roughly 0.073 of an acre, or 293m². The below map shows the location of 16 MICHAEL LANE, 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 16 MICHAEL LANE). 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 16 MICHAEL LANE?

16 MICHAEL LANE is located in GUILDFORD, in the GU2 postcode district. The below map shows the position of No. 16 on MICHAEL LANE.