7, MICHIGAN WAY, EXETER, EX4 5EU - £293,000

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

7 MICHIGAN WAY is a midsized detached house of 126m², built sometime between 1983 and 1990. It was last sold for £293,000 in January 2014, which was around 18% below the average January 2014 detached price in the Exeter local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

7 MICHIGAN WAY Sold Prices

Land registry data shows four sales for 7 MICHIGAN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Exeter local authority area for the corresponding sale date. All of the four 7 MICHIGAN 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
2014 31 JAN	£293,000	£355,587	18% below HPI
2004 15 DEC	£210,000	£305,036	31% below HPI
1999 30 JUL	£95,500	£123,812	23% below HPI
1997 5 AUG	£83,500	£104,207	20% below HPI

7 MICHIGAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The four 7 MICHIGAN WAY sales between August 1997 and January 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 December 2004 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 7 MICHIGAN WAY?

7 MICHIGAN WAY is 126m² according to the EPC inspection conducted in September 2009. This puts it in the largest 50% of detached houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses by size in Exeter, and where 7 MICHIGAN WAY lies on this distribution: 59% of detached houses are smaller than 7 MICHIGAN WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Exeter.

7 MICHIGAN WAY: Plot and Title Map

7 MICHIGAN WAY sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 7 MICHIGAN 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 7 MICHIGAN 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 7 MICHIGAN WAY?

7 MICHIGAN WAY is located in EXETER, in the EX4 postcode district. The below map shows the position of No. 7 on MICHIGAN WAY.