16, MICHAELS WAY, FAIR OAK, EASTLEIGH, SO50 7NT - £335,000

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 MICHAELS WAY is a large extended detached house of 138m², built sometime between 1976 and 1982. It was last sold for £335,000 in February 2015, which was around 9% below the average February 2015 detached price in the Eastleigh local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

16 MICHAELS WAY Sold Prices

Land registry data shows two sales for 16 MICHAELS 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 Eastleigh local authority area for the corresponding sale date. Both of the two 16 MICHAELS WAY 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
2015 26 FEB	£335,000	£367,739	9% below HPI
2005 18 FEB	£265,000	£283,129	6% below HPI

16 MICHAELS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastleigh local authority area over time, sourced from the HPI. The two 16 MICHAELS WAY sales from February 2005 and February 2015 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 February 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 16 MICHAELS WAY?

16 MICHAELS WAY is 138m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 30% of detached houses in Eastleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Eastleigh, and where 16 MICHAELS WAY lies on this distribution: 79% of detached houses are smaller than 16 MICHAELS WAY, and 21% of houses are larger. Note that EPC data is not available for all properties in Eastleigh.

16 MICHAELS WAY: Plot and Title Map

16 MICHAELS WAY sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 16 MICHAELS 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 16 MICHAELS 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 16 MICHAELS WAY?

16 MICHAELS WAY is located in FAIR OAK, in the SO50 postcode district. The below map shows the position of No. 16 on MICHAELS WAY.