16, HEATHERWAYS, FORMBY, LIVERPOOL, L37 7HL - £300,000

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.

16 HEATHERWAYS is a very small extended terraced house of 97m², built sometime between 1976 and 1982, which could now be worth an estimated £339,106. It was last sold for £300,000 in August 2022, which was around 84% above the average August 2022 terraced price in the Sefton local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

16 HEATHERWAYS Sold Prices

Land registry data shows four sales for 16 HEATHERWAYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Sefton local authority area for the corresponding sale date. All of the four 16 HEATHERWAYS sales were for above 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
2022 12 AUG	£300,000	£162,650	84% above HPI
2017 4 AUG	£215,000	£120,040	79% above HPI
2007 3 JAN	£240,000	£116,142	107% above HPI
2000 9 MAY	£85,000	£41,526	105% above HPI

16 HEATHERWAYS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sefton local authority area over time, sourced from the HPI. The four 16 HEATHERWAYS sales between May 2000 and August 2022 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 August 2017 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the August 2022 sale, where it rises to 84% above the HPI. The line then continues to track at 84% above the HPI.

What might 16 HEATHERWAYS be worth now?

16 HEATHERWAYS might now be worth an estimated £339,106.

This is based on house price inflation of 13%, between August 2022 and July 2026, for terraced houses, in the Sefton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13% inflationary increase is applied to the most recent sale price for 16 HEATHERWAYS of £300,000 on 12th August 2022. For the value to have increased from £300,000 to £339,106 over the four years and one month to July 2026, the following assumptions must hold true:

• The value of 16 HEATHERWAYS has moved in line with the HPI for terraced houses in the Sefton local authority area.
• The August 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 16 HEATHERWAYS has not materially changed since August 2022.

How Large is 16 HEATHERWAYS?

16 HEATHERWAYS is 97m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of terraced houses houses in Formby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Formby, and where 16 HEATHERWAYS lies on this distribution: 14% of terraced houses houses are smaller than 16 HEATHERWAYS, and 86% of houses are larger. Note that EPC data is not available for all properties in Formby.

16 HEATHERWAYS: Plot and Title Map

16 HEATHERWAYS sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 16 HEATHERWAYS, 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 16 HEATHERWAYS). 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 16 HEATHERWAYS?

16 HEATHERWAYS is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 16 on HEATHERWAYS.