22, MICHAEL LANE, GUILDFORD, GU2 9LB - £500,000

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

22 MICHAEL LANE is a small extended detached house of 123m², built sometime between 2003 and 2006. It was last sold for £500,000 in September 2018, which was around 37% below the average September 2018 detached price in the Guildford local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

22 MICHAEL LANE Sold Prices

Land registry data shows two sales for 22 MICHAEL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Guildford local authority area for the corresponding sale date. Both of the two 22 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 7 SEP	£500,000	£791,401	37% below HPI
2004 17 DEC	£350,000	£428,708	18% below HPI

22 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 two 22 MICHAEL LANE sales from December 2004 and September 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 December 2004 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 22 MICHAEL LANE?

22 MICHAEL LANE is 123m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 40% of detached houses in Guildford, based on EPC data. The below chart shows the distribution of detached houses by size in Guildford, and where 22 MICHAEL LANE lies on this distribution: 40% of detached houses are smaller than 22 MICHAEL LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Guildford.

22 MICHAEL LANE: Plot and Title Map

22 MICHAEL LANE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 22 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 22 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 22 MICHAEL LANE?

22 MICHAEL LANE is located in GUILDFORD, in the GU2 postcode district. The below map shows the position of No. 22 on MICHAEL LANE.