32, CHEAPSIDE, FORMBY, LIVERPOOL, L37 4EY - £225,000

32 CHEAPSIDE is a very small detached house of 96m², built sometime between 1976 and 1982. It was last sold for £225,000 in September 2021, which was around 31% below the average September 2021 detached price in the Sefton local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

32 CHEAPSIDE Sold Prices

Land registry data shows two sales for 32 CHEAPSIDE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sefton local authority area for the corresponding sale date. Both of the two 32 CHEAPSIDE 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
2021 30 SEP	£225,000	£323,845	31% below HPI
1999 12 JUL	£59,500	£102,733	42% below HPI

32 CHEAPSIDE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sefton local authority area over time, sourced from the HPI. The two 32 CHEAPSIDE sales from July 1999 and September 2021 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 1999 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 32 CHEAPSIDE?

32 CHEAPSIDE is 96m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses in Formby, based on EPC data. The below chart shows the distribution of detached houses by size in Formby, and where 32 CHEAPSIDE lies on this distribution: 14% of detached houses are smaller than 32 CHEAPSIDE, and 85% of houses are larger. Note that EPC data is not available for all properties in Formby.

32 CHEAPSIDE: Plot and Title Map

32 CHEAPSIDE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 32 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 32 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 32 CHEAPSIDE?

32 CHEAPSIDE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 32 on CHEAPSIDE.