8, GORSEFIELD, FORMBY, LIVERPOOL, L37 7HE - £450,000

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 GORSEFIELD is a large detached house of 171m², built sometime between 1976 and 1982, which could now be worth an estimated £518,447. It was last sold for £450,000 in June 2022, which was around 32% above the average June 2022 detached price in the Sefton local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

8 GORSEFIELD Sold Prices

Land registry data shows four sales for 8 GORSEFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sefton local authority area for the corresponding sale date. All of the four 8 GORSEFIELD 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
2022 16 JUN	£450,000	£341,846	32% above HPI
2022 16 JUN	£450,000	£341,846	32% above HPI
2017 26 MAY	£310,000	£262,342	18% above HPI
2001 12 FEB	£137,000	£113,610	21% above HPI

What might 8 GORSEFIELD be worth now?

8 GORSEFIELD might now be worth an estimated £518,447.

This is based on house price inflation of 15.2%, between June 2022 and May 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 15.2% inflationary increase is applied to the most recent sale price for 8 GORSEFIELD of £450,000 on 16th June 2022. For the value to have increased from £450,000 to £518,447 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 8 GORSEFIELD has moved in line with the HPI for detached houses in the Sefton local authority area.
• The June 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GORSEFIELD has not materially changed since June 2022.

How Large is 8 GORSEFIELD?

8 GORSEFIELD is 171m² according to the EPC inspection conducted in February 2017. This puts it in the largest 30% of detached houses in Formby, based on EPC data. The below chart shows the distribution of detached houses by size in Formby, and where 8 GORSEFIELD lies on this distribution: 71% of detached houses are smaller than 8 GORSEFIELD, and 29% of detached houses are larger. Note that EPC data is not available for all properties in Formby.

8 GORSEFIELD: Plot

8 GORSEFIELD sits on a plot of roughly 0.095 of an acre, or 385m².

Where is 8 GORSEFIELD?

8 GORSEFIELD is located in FORMBY, in the L37 postcode district.