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

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

2 MICHAELS WAY is a large extended detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £386,221. It was last sold for £336,500 in March 2020, which was around 34% 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	£507,673	34% below HPI
2019 30 APR	£365,000	£500,221	27% below HPI
2013 13 SEP	£250,000	£375,148	33% below HPI
2000 15 SEP	£156,000	£198,260	21% below HPI
1995 27 APR	£87,950	£106,274	17% 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2020 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 MICHAELS WAY be worth now?

2 MICHAELS WAY might now be worth an estimated £386,221.

This is based on house price inflation of 14.8%, between March 2020 and December 2024, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.8% inflationary increase is applied to the most recent sale price for 2 MICHAELS WAY of £336,500 on 3rd March 2020. For the value to have increased from £336,500 to £386,221 over the three years and three months to December 2024, the following assumptions must hold true:

• The value of 2 MICHAELS WAY has moved in line with the HPI for detached houses in the New Forest local authority area.
• The March 2020 sale price of £336,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MICHAELS WAY has not materially changed since March 2020.

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 houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hythe, and where 2 MICHAELS WAY lies on this distribution: 69% of detached houses houses are smaller than 2 MICHAELS WAY, and 31% 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.