Housing Market Analysis for MICHIGAN WAY, SO40 8XE

Are you looking to understand SO40 8XE house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this New Forest postcode.

For the location information and nearby amenities in the SO40 8XE area, explore the SO40 8XE Area information page.
For comprehensive crime statistics in the SO40 8XE area, explore the SO40 8XE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the SO40 8XE postcode area, The average prices are as follows,

  • Detached
    • The average price is around £41,000 median price is £41,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 1 MICHIGAN WAY: £41,000 (Sold on 05 Mar 1997)
    • The first recorded sale happened at this postcode is 1 MICHIGAN WAY: £41,000 (Sold on 05 Mar 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average SO40 8XE house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
1997£41,000 £197 1

All the Sales in the MICHIGAN WAY, SO40 8XE

See the table below for more details on the sold house prices in the SO40 8XE, New Forest postcode.

AddressSold DatePrice% Change
1 MICHIGAN WAYDetached, FreeholdArea: 208 Sq.mtrAge: 1996-200205 Mar 1997£41,000First Sale

Check out the sold house prices near the SO40 8XE postcode. Properties currently for saleProperties currently for rent

MICHIGAN WAY, SO40 8XE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the SO40 8XE postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the SO40 8XE postcode.

  • Detached
    • The average price is around £245,526 median price is £245,000 Standard Deviation is £106,382 with Total Sold: 944
    • The Last 5 Year average price is £404,260 with Total Sold: 92
    • The most recent sale happened at this postcode is , 51 AMEY GARDENS: £498,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 1 ROBIN GARDENS: £78,000 (Sold on 06 Jan 1995)
  • Semi-Detached
    • The average price is around £159,995 median price is £150,000 Standard Deviation is £86,415 with Total Sold: 708
    • The Last 5 Year average price is £310,365 with Total Sold: 72
    • The most recent sale happened at this postcode is , 9 ALFRED CLOSE: £318,500 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 3 MELROSE COURT: £49,000 (Sold on 04 Jan 1995)
  • Terraced
    • The average price is around £150,350 median price is £151,250 Standard Deviation is £73,720 with Total Sold: 1,144
    • The Last 5 Year average price is £264,910 with Total Sold: 135
    • The most recent sale happened at this postcode is , 10 SHETLAND CLOSE: £305,000 (Sold on 23 Aug 2024)
    • The first recorded sale happened at this postcode is , 29 DALES WAY: £35,400 (Sold on 27 Jan 1995)
  • Flat
    • The average price is around £86,858 median price is £77,250 Standard Deviation is £45,599 with Total Sold: 264
    • The Last 5 Year average price is £152,727 with Total Sold: 26
    • The most recent sale happened at this postcode is , 9 RUFUS GARDENS: £94,500 (Sold on 15 Apr 2024)
    • The first recorded sale happened at this postcode is , 35 ALFRED CLOSE: £25,000 (Sold on 06 Jan 1995)
  • Other
    • The average price is around £6,823,872 median price is £230,000 Standard Deviation is £12,927,948 with Total Sold: 5
    • The Last 5 Year average price is £573,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , HANGER FARMHOUSE AIKMAN LANE: £916,000 (Sold on 14 Feb 2022)
    • The first recorded sale happened at this postcode is , 18 CLYDESDALE WAY: £150,000 (Sold on 31 Jul 2017)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£438,955 £4,228 11
2023£431,346 £4,259 13
2022£462,500 £4,469 10
2021£401,516 £3,982 28
2020£354,409 £3,389 11
2019£367,895 £3,981 19
2018£378,850 £3,349 17
2017£373,069 £3,441 24
2016£368,215 £3,302 23
2015£315,036 £2,907 28
2014£319,253 £2,770 24
2013£283,595 £2,808 31
2012£292,040 £2,496 29
2011£268,703 £2,572 17
2010£278,933 £2,614 26
2009£255,682 £2,444 19
2008£250,725 £2,186 22
2007£275,450 £2,458 36
2006£258,817 £2,446 54
2005£250,203 £2,339 33
2004£250,165 £2,270 38
2003£262,241 £2,230 89
2002£212,928 £1,990 67
2001£160,662 £1,587 32
2000£156,303 £1,408 75
1999£131,360 £1,344 70
1998£128,830 £1,234 25
1997£91,972 £893 27
1996£82,859 £898 29
1995£79,785 £737 17
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£346,083 £4,405 6
2023£323,955 £4,263 11
2022£338,131 £3,902 13
2021£308,552 £3,534 21
2020£289,455 £3,757 11
2019£264,700 £3,513 10
2018£277,643 £3,461 14
2017£254,455 £3,436 11
2016£265,553 £3,221 17
2015£243,718 £3,079 16
2014£216,389 £2,914 14
2013£220,684 £2,529 20
2012£196,090 £2,529 5
2011£192,667 £2,722 15
2010£190,541 £2,672 11
2009£184,132 £2,191 17
2008£194,469 £2,713 18
2007£187,404 £2,622 39
2006£172,973 £2,413 33
2005£165,052 £2,291 26
2004£175,552 £2,502 30
2003£160,937 £2,118 43
2002£129,385 £1,872 57
2001£100,261 £1,491 35
2000£96,499 £1,396 44
1999£80,811 £1,106 53
1998£65,274 £1,063 33
1997£56,632 £963 31
1996£59,154 £855 23
1995£51,990 £713 31
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£265,231 £2,929 13
2023£288,441 £4,012 17
2022£287,152 £4,084 23
2021£263,461 £3,707 41
2020£246,426 £3,464 21
2019£241,498 £3,306 20
2018£240,094 £3,547 26
2017£222,143 £3,266 36
2016£217,647 £3,235 31
2015£212,785 £3,157 31
2014£191,664 £2,638 47
2013£174,060 £2,407 44
2012£163,436 £2,551 32
2011£162,404 £2,232 27
2010£171,141 £2,291 24
2009£164,017 £2,306 21
2008£159,821 £2,410 14
2007£178,543 £2,446 45
2006£161,055 £2,457 55
2005£150,532 £2,277 39
2004£156,057 £2,191 51
2003£151,716 £2,039 81
2002£121,749 £2,131 41
2001£90,286 £1,400 55
2000£87,848 £1,287 61
1999£67,938 £1,013 55
1998£63,413 £973 55
1997£54,246 £852 49
1996£49,116 £766 55
1995£49,180 £785 34
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£94,500 £3,554 1
2023£139,667 £4,122 3
2022£150,874 £3,992 4
2021£176,990 £3,536 5
2020£150,750 £3,371 4
2019£151,772 £3,613 9
2018£139,707 £3,555 7
2017£159,150 £3,607 6
2016£145,500 £3,328 2
2015£140,000 £3,192 2
2014£100,500 £2,534 4
2013£118,590 £2,837 5
2012£95,625 £2,547 4
2011£101,600 £2,613 5
2010£108,800 £2,770 5
2009£97,583 £2,634 6
2008£93,333 £2,821 3
2007£123,421 £2,976 12
2006£122,007 £2,731 11
2005£100,856 £2,500 18
2004£108,618 £2,633 17
2003£87,494 £2,499 9
2002£80,492 £1,841 13
2001£62,248 £1,573 25
2000£49,209 £1,397 11
1999£39,954 £1,129 14
1998£42,685 £952 21
1997£35,525 £929 12
1996£32,761 £867 19
1995£34,286 £810 7
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£916,000 £2,776 1
2020£230,000 £3,348 1
2017£10,991,119 £356,560 3

House Type in SO40 8XE area

The most common house types in the SO40 8XE postcode area are Detached (92), Semi-detached (36), and Terraced (5).

Total134
Detached92
Semi-detached36
Terraced5
temporary structure1
Flat0
Shared house0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (73), and Owned: Owns outright (45).

Owned: Owns with a mortgage or loan73
Owned: Owns outright45
Private rented: Private landlord or letting agency11
Social rented: Other social rented5
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the SO40 8XE have 2 people in household (45), and 4 people in household (26).

2 people in household45
4 people in household26
1 person in household24
3 people in household24
5 people in household11
6 people in household1
7 people in household1
0 people in household0
8 or more people in household0