4, MICHAEL LANE, GUILDFORD, GU2 9LB - £473,000

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

4 MICHAEL LANE is a small extended detached house of 121m², built sometime between 2003 and 2006. It was last sold for £473,000 in August 2014, which was around 28% below the average August 2014 detached price in the Guildford local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

4 MICHAEL LANE Sold Prices

Land registry data shows two sales for 4 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 4 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
2014 29 AUG	£473,000	£654,753	28% below HPI
2007 4 APR	£400,000	£508,183	21% below HPI

4 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 4 MICHAEL LANE sales from April 2007 and August 2014 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 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2014 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 4 MICHAEL LANE?

4 MICHAEL LANE is 121m², which includes one extension, according to the EPC inspection conducted in June 2014. 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 4 MICHAEL LANE lies on this distribution: 38% of detached houses are smaller than 4 MICHAEL LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Guildford.

4 MICHAEL LANE: Plot and Title Map

4 MICHAEL LANE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 4 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 4 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 4 MICHAEL LANE?

4 MICHAEL LANE is located in GUILDFORD, in the GU2 postcode district. The below map shows the position of No. 4 on MICHAEL LANE.