£285,485
This estimated value is based upon the latest sale price for the house of £190,000 on 1 Dec 2014. This value is then adjusted by the current Official House Price Index for MERSEYSIDE 1
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| Price Paid | Date |
|---|---|
| £190,000 | 1 Dec 2014 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 sq feet |
This model uses changes in the Official Land Registry House Price Index for MERSEYSIDE to estimate the market value.
When this house was purchased in December 2014 the House Price Index for MERSEYSIDE was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £190,000 results in an estimated price of approximately £285,485.
| 1 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £190,000 | £95,485 | £285,485 |
The Postcode Pricing Model uses changes in average sales price within the L37 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 123.500 % | £234,649 | £424,649 |
| 3 Month Average | 50.204 % | £95,388 | £285,388 |
| 6 Month Average | 41.343 % | £78,552 | £268,552 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £448,790 | £435,000 | 21 CROWN CLOSE |
| 20 Oct 2023 | £179,067 | £175,000 | 19 CROSS GREEN CLOSE |
| 6 Oct 2023 | £184,183 | £180,000 | 15 CROSS GREEN CLOSE |
| 24 Aug 2023 | £178,214 | £175,000 | 8 CROSS GREEN CLOSE |
| 10 Feb 2023 | £155,549 | £154,510 | 5 CROSS GREEN CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 4 Jul 2014. Using an estimated price of £285,485 means this house is valued at £3,207 per sq meter (£298 per sq foot).
The average size of a house on FORMBY FIELDS is 118 sq meters (1,273 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Formby Fields |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Marshallsay |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheapside |
| May 2024 | Drugs | Under investigation | On or near Rose Path |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Royal Crescent |