2, MICHAELS WAY, HYTHE, SOUTHAMPTON, SO45 5ES - £336,500

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

2 MICHAELS WAY is a large extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £336,500 in March 2020, which was around 30% below the average March 2020 detached price in the New Forest local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

2 MICHAELS WAY Sold Prices

Land registry data shows five sales for 2 MICHAELS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the five 2 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
2020 3 MAR	£336,500	£480,640	30% below HPI
2019 30 APR	£365,000	£473,585	23% below HPI
2013 13 SEP	£250,000	£355,172	30% below HPI
2000 15 SEP	£156,000	£187,703	17% below HPI
1995 27 APR	£87,950	£100,615	13% below HPI

2 MICHAELS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The five 2 MICHAELS WAY sales between April 1995 and March 2020 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 April 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 MICHAELS WAY?

2 MICHAELS WAY is 117m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 40% of detached houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses by size in Hythe, and where 2 MICHAELS WAY lies on this distribution: 69% of detached houses are smaller than 2 MICHAELS WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Hythe.

2 MICHAELS WAY: Plot and Title Map

2 MICHAELS WAY sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 2 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 2 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 2 MICHAELS WAY?

2 MICHAELS WAY is located in HYTHE, in the SO45 postcode district. The below map shows the position of No. 2 on MICHAELS WAY.