7, MICHAEL LANE, GUILDFORD, GU2 9LB - £540,000

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.

7 MICHAEL LANE is a very small detached house of 92m², built sometime between 2003 and 2006, which could now be worth an estimated £633,695. It was last sold for £540,000 in May 2018, which was around 32% below the average May 2018 detached price in the Guildford local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

7 MICHAEL LANE Sold Prices

Land registry data shows two sales for 7 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 7 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 18 MAY	£540,000	£799,408	32% below HPI
2004 22 OCT	£365,000	£459,794	21% below HPI

7 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 7 MICHAEL LANE sales from October 2004 and May 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 October 2004 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 7 MICHAEL LANE be worth now?

7 MICHAEL LANE might now be worth an estimated £633,695.

This is based on house price inflation of 17.4%, between May 2018 and February 2025, for detached houses, in the Guildford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for 7 MICHAEL LANE of £540,000 on 18th May 2018. For the value to have increased from £540,000 to £633,695 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 7 MICHAEL LANE has moved in line with the HPI for detached houses in the Guildford local authority area.
• The May 2018 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MICHAEL LANE has not materially changed since May 2018.

How Large is 7 MICHAEL LANE?

7 MICHAEL LANE is 92m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 20% of detached houses houses in Guildford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Guildford, and where 7 MICHAEL LANE lies on this distribution: 15% of detached houses houses are smaller than 7 MICHAEL LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Guildford.

7 MICHAEL LANE: Plot and Title Map

7 MICHAEL LANE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 7 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 7 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 7 MICHAEL LANE?

7 MICHAEL LANE is located in GUILDFORD, in the GU2 postcode district. The below map shows the position of No. 7 on MICHAEL LANE.