3, MICHAELS WAY, FAIR OAK, EASTLEIGH, SO50 7NR - £275,000

3 MICHAELS WAY is a small extended detached house of 92m², built sometime between 1976 and 1982. It was last sold for £275,000 in October 2014, which was around 25% below the average October 2014 detached price in the Eastleigh local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

3 MICHAELS WAY Sold Prices

Land registry data shows five sales for 3 MICHAELS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Eastleigh local authority area for the corresponding sale date. All of the five 3 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
2014 8 OCT	£275,000	£367,903	25% below HPI
2005 9 DEC	£242,000	£283,704	15% below HPI
2000 28 APR	£144,950	£162,838	11% below HPI
2000 3 MAR	£143,750	£160,331	10% below HPI
1996 21 MAR	£77,000	£98,967	22% below HPI

3 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 five 3 MICHAELS WAY sales between March 1996 and October 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 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2014 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 MICHAELS WAY?

3 MICHAELS WAY is 92m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 30% of detached houses in Eastleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Eastleigh, and where 3 MICHAELS WAY lies on this distribution: 24% of detached houses are smaller than 3 MICHAELS WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Eastleigh.

3 MICHAELS WAY: Plot and Title Map

3 MICHAELS WAY sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 3 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 3 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 3 MICHAELS WAY?

3 MICHAELS WAY is located in FAIR OAK, in the SO50 postcode district. The below map shows the position of No. 3 on MICHAELS WAY.