23, MICHAEL LANE, GUILDFORD, GU2 9LB - £462,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

23 MICHAEL LANE is a very small extended detached house of 86m², built sometime between 1996 and 2002. It was last sold for £462,500 in May 2007, which was around 10% below the average May 2007 detached price in the Guildford local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

23 MICHAEL LANE Sold Prices

Land registry data shows two sales for 23 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 23 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
2007 11 MAY	£462,500	£513,233	10% below HPI
2004 17 DEC	£325,000	£428,708	24% below HPI

23 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 23 MICHAEL LANE sales from December 2004 and May 2007 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2007 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 23 MICHAEL LANE?

23 MICHAEL LANE is 86m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses in Guildford, based on EPC data. The below chart shows the distribution of detached houses by size in Guildford, and where 23 MICHAEL LANE lies on this distribution: 10% of detached houses are smaller than 23 MICHAEL LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Guildford.

23 MICHAEL LANE: Plot and Title Map

23 MICHAEL LANE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 23 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 23 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 23 MICHAEL LANE?

23 MICHAEL LANE is located in GUILDFORD, in the GU2 postcode district. The below map shows the position of No. 23 on MICHAEL LANE.