9, GORSEFIELD, FORMBY, LIVERPOOL, L37 7HE - £227,500

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.

9 GORSEFIELD is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £311,915. It was last sold for £227,500 in February 2019, which was around 18% below the average February 2019 detached price in the Sefton local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

9 GORSEFIELD Sold Prices

Land registry data shows two sales for 9 GORSEFIELD 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 9 GORSEFIELD 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
2019 5 FEB	£227,500	£277,885	18% below HPI
2016 16 DEC	£190,000	£257,473	26% below HPI

9 GORSEFIELD 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 9 GORSEFIELD sales from December 2016 and February 2019 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 December 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 GORSEFIELD be worth now?

9 GORSEFIELD might now be worth an estimated £311,915.

This is based on house price inflation of 37.1%, between February 2019 and February 2025, 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 37.1% inflationary increase is applied to the most recent sale price for 9 GORSEFIELD of £227,500 on 5th February 2019. For the value to have increased from £227,500 to £311,915 over the six years to February 2025, the following assumptions must hold true:

• The value of 9 GORSEFIELD has moved in line with the HPI for detached houses in the Sefton local authority area.
• The February 2019 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 9 GORSEFIELD has not materially changed since February 2019.

How Large is 9 GORSEFIELD?

9 GORSEFIELD is 68m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% 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 9 GORSEFIELD lies on this distribution: 2% of detached houses houses are smaller than 9 GORSEFIELD, and 98% of houses are larger. Note that EPC data is not available for all properties in Formby.

9 GORSEFIELD: Plot and Title Map

9 GORSEFIELD sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 9 GORSEFIELD, 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 9 GORSEFIELD). 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 9 GORSEFIELD?

9 GORSEFIELD is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 9 on GORSEFIELD.