24, MICHAELS WAY, FAIR OAK, EASTLEIGH, SO50 7NT - £405,000

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

24 MICHAELS WAY is a small extended detached house of 98m², built sometime between 1983 and 1990. It was last sold for £405,000 in June 2021, which was around 17% below the average June 2021 detached price in the Eastleigh local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

24 MICHAELS WAY Sold Prices

Land registry data shows two sales for 24 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 24 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
2021 30 JUN	£405,000	£487,395	17% below HPI
2015 19 JUN	£344,000	£377,639	9% below HPI

24 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 24 MICHAELS WAY sales from June 2015 and June 2021 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 June 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 24 MICHAELS WAY?

24 MICHAELS WAY is 98m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 40% of detached houses in Eastleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Eastleigh, and where 24 MICHAELS WAY lies on this distribution: 33% of detached houses are smaller than 24 MICHAELS WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Eastleigh.

24 MICHAELS WAY: Plot and Title Map

24 MICHAELS WAY sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 24 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 24 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 24 MICHAELS WAY?

24 MICHAELS WAY is located in FAIR OAK, in the SO50 postcode district. The below map shows the position of No. 24 on MICHAELS WAY.