16, TOWER HILL, ORMSKIRK, L39 2EF - £267,500

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.

16 TOWER HILL is a small extended detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £349,227. It was last sold for £267,500 in October 2018, which was around 9% below the average October 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

16 TOWER HILL Sold Prices

Land registry data shows two sales for 16 TOWER HILL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two 16 TOWER HILL 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
2018 25 OCT	£267,500	£294,040	9% below HPI
1995 15 DEC	£62,000	£85,751	28% below HPI

16 TOWER HILL Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 16 TOWER HILL sales from December 1995 and October 2018 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 1995 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2018 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 16 TOWER HILL be worth now?

16 TOWER HILL might now be worth an estimated £349,227.

This is based on house price inflation of 30.6%, between October 2018 and April 2026, for 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 30.6% inflationary increase is applied to the most recent sale price for 16 TOWER HILL of £267,500 on 25th October 2018. For the value to have increased from £267,500 to £349,227 over the eight years and six months to April 2026, the following assumptions must hold true:

• The value of 16 TOWER HILL has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The October 2018 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 16 TOWER HILL has not materially changed since October 2018.

How Large is 16 TOWER HILL?

16 TOWER HILL is 103m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses in Ormskirk, based on EPC data. The below chart shows the distribution of detached houses by size in Ormskirk, and where 16 TOWER HILL lies on this distribution: 22% of detached houses are smaller than 16 TOWER HILL, and 77% of detached houses are larger. Note that EPC data is not available for all properties in Ormskirk.

Where is 16 TOWER HILL?

16 TOWER HILL is located in ORMSKIRK, in the L39 postcode district.