4, MICHAELS WAY, HYTHE, SOUTHAMPTON, SO45 5ES - £249,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 MICHAELS WAY is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £432,373. It was last sold for £249,000 in October 2009, which was around 26% below the average October 2009 detached price in the New Forest local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was D.

4 MICHAELS WAY Sold Prices

Land registry data shows two sales for 4 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 New Forest local authority area for the corresponding sale date. Both of the two 4 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
2009 22 OCT	£249,000	£335,428	26% below HPI
2004 18 MAR	£198,000	£302,382	35% below HPI

4 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 two 4 MICHAELS WAY sales from March 2004 and October 2009 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 March 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2009 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 4 MICHAELS WAY be worth now?

4 MICHAELS WAY might now be worth an estimated £432,373.

This is based on house price inflation of 73.6%, between October 2009 and February 2025, 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 73.6% inflationary increase is applied to the most recent sale price for 4 MICHAELS WAY of £249,000 on 22nd October 2009. For the value to have increased from £249,000 to £432,373 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 4 MICHAELS WAY has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2009 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MICHAELS WAY has not materially changed since October 2009.

How Large is 4 MICHAELS WAY?

4 MICHAELS WAY is 70m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 20% 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 4 MICHAELS WAY lies on this distribution: 16% of detached houses houses are smaller than 4 MICHAELS WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Hythe.

4 MICHAELS WAY: Plot and Title Map

4 MICHAELS WAY sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 4 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 4 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 4 MICHAELS WAY?

4 MICHAELS WAY is located in HYTHE, in the SO45 postcode district. The below map shows the position of No. 4 on MICHAELS WAY.