8, HEATHERWAYS, FORMBY, LIVERPOOL, L37 7HL - £325,000

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.

8 HEATHERWAYS is a midsized extended detached house of 142m², built sometime between 1950 and 1966, which could now be worth an estimated £487,958. It was last sold for £325,000 in June 2017, which was around 23% above the average June 2017 detached price in the Sefton local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was C.

8 HEATHERWAYS Sold Prices

Land registry data shows two sales for 8 HEATHERWAYS 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. One of the two 8 HEATHERWAYS sales was for above the average price, whilst the other was 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
2017 30 JUN	£325,000	£263,698	23% above HPI
2013 30 MAY	£184,000	£223,231	18% below HPI

8 HEATHERWAYS 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 8 HEATHERWAYS sales from May 2013 and June 2017 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 May 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2017 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 8 HEATHERWAYS be worth now?

8 HEATHERWAYS might now be worth an estimated £487,958.

This is based on house price inflation of 50.1%, between June 2017 and July 2026, for detached 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 50.1% inflationary increase is applied to the most recent sale price for 8 HEATHERWAYS of £325,000 on 30th June 2017. For the value to have increased from £325,000 to £487,958 over the eight years and eleven months to July 2026, the following assumptions must hold true:

• The value of 8 HEATHERWAYS has moved in line with the HPI for detached houses in the Sefton local authority area.
• The June 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HEATHERWAYS has not materially changed since June 2017.

How Large is 8 HEATHERWAYS?

8 HEATHERWAYS is 142m², which includes two extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 50% of detached houses houses in Formby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Formby, and where 8 HEATHERWAYS lies on this distribution: 54% of detached houses houses are smaller than 8 HEATHERWAYS, and 46% of houses are larger. Note that EPC data is not available for all properties in Formby.

8 HEATHERWAYS: Plot and Title Map

8 HEATHERWAYS sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 8 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 8 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 8 HEATHERWAYS?

8 HEATHERWAYS is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 8 on HEATHERWAYS.