8, MILMAN CLOSE, ORMSKIRK, L39 4SJ - £310,000

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 MILMAN CLOSE is a small extended semi-detached house of 121m², built sometime between 1976 and 1982, which could now be worth an estimated £412,572. It was last sold for £310,000 in February 2020, which was around 85% above the average February 2020 semi-detached price in the West Lancashire local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

8 MILMAN CLOSE Sold Prices

Land registry data shows two sales for 8 MILMAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two 8 MILMAN CLOSE 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
2020 3 FEB	£310,000	£167,522	85% above HPI
2018 22 MAY	£205,000	£163,044	26% above HPI

8 MILMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 8 MILMAN CLOSE sales from May 2018 and February 2020 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 2018 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the February 2020 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 8 MILMAN CLOSE be worth now?

8 MILMAN CLOSE might now be worth an estimated £412,572.

This is based on house price inflation of 33.1%, between February 2020 and February 2025, for semi-detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.1% inflationary increase is applied to the most recent sale price for 8 MILMAN CLOSE of £310,000 on 3rd February 2020. For the value to have increased from £310,000 to £412,572 over the five years to February 2025, the following assumptions must hold true:

• The value of 8 MILMAN CLOSE has moved in line with the HPI for semi-detached houses in the West Lancashire local authority area.
• The February 2020 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILMAN CLOSE has not materially changed since February 2020.

How Large is 8 MILMAN CLOSE?

8 MILMAN CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of semi-detached houses houses in Ormskirk, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ormskirk, and where 8 MILMAN CLOSE lies on this distribution: 38% of semi-detached houses houses are smaller than 8 MILMAN CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Ormskirk.

8 MILMAN CLOSE: Plot and Title Map

8 MILMAN CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 8 MILMAN CLOSE, 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 MILMAN CLOSE). 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 MILMAN CLOSE?

8 MILMAN CLOSE is located in ORMSKIRK, in the L39 postcode district. The below map shows the position of No. 8 on MILMAN CLOSE.