28, CHEAPSIDE, FORMBY, LIVERPOOL, L37 4EY - £220,000

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.

28 CHEAPSIDE is a very small terraced house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £247,527. It was last sold for £220,000 in May 2023, which was around 38% above the average May 2023 terraced price in the Sefton local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

28 CHEAPSIDE Sold Prices

Land registry data shows three sales for 28 CHEAPSIDE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Sefton local authority area for the corresponding sale date. All of the three 28 CHEAPSIDE 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
2023 31 MAY	£220,000	£159,385	38% above HPI
2003 30 JUL	£109,950	£65,747	67% above HPI
1997 31 OCT	£44,500	£36,042	23% above HPI

28 CHEAPSIDE 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 three 28 CHEAPSIDE sales between October 1997 and May 2023 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 July 2003 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the May 2023 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 28 CHEAPSIDE be worth now?

28 CHEAPSIDE might now be worth an estimated £247,527.

This is based on house price inflation of 12.5%, between May 2023 and April 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 12.5% inflationary increase is applied to the most recent sale price for 28 CHEAPSIDE of £220,000 on 31st May 2023. For the value to have increased from £220,000 to £247,527 over the three years and one month to April 2026, the following assumptions must hold true:

• The value of 28 CHEAPSIDE has moved in line with the HPI for terraced houses in the Sefton local authority area.
• The May 2023 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 28 CHEAPSIDE has not materially changed since May 2023.

How Large is 28 CHEAPSIDE?

28 CHEAPSIDE is 84m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% 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 28 CHEAPSIDE lies on this distribution: 6% of terraced houses houses are smaller than 28 CHEAPSIDE, and 94% of houses are larger. Note that EPC data is not available for all properties in Formby.

28 CHEAPSIDE: Plot and Title Map

28 CHEAPSIDE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 28 CHEAPSIDE, 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 28 CHEAPSIDE). 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 28 CHEAPSIDE?

28 CHEAPSIDE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 28 on CHEAPSIDE.