1, PHILLIPS CLOSE, FORMBY, LIVERPOOL, L37 4BD - £385,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 PHILLIPS CLOSE is a very small detached house of 103m², built sometime between 1976 and 1982. It was last sold for £385,000 in October 2020, which was around 29% above the average October 2020 detached price in the Sefton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

1 PHILLIPS CLOSE Sold Prices

Land registry data shows two sales for 1 PHILLIPS CLOSE 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. One of the two 1 PHILLIPS CLOSE sales was for above the average price, whilst the other was 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
2020 26 OCT	£385,000	£297,920	29% above HPI
2000 4 AUG	£100,000	£110,302	9% below HPI

1 PHILLIPS CLOSE 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 1 PHILLIPS CLOSE sales from August 2000 and October 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 August 2000 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 1 PHILLIPS CLOSE be worth now?

1 PHILLIPS CLOSE might now be worth an estimated £501,986.

This is based on house price inflation of 30.4%, between October 2020 and December 2024, 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 30.4% inflationary increase is applied to the most recent sale price for 1 PHILLIPS CLOSE of £385,000 on 26th October 2020. For the value to have increased from £385,000 to £501,986 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 1 PHILLIPS CLOSE has moved in line with the HPI for detached houses in the Sefton local authority area.
• The October 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PHILLIPS CLOSE has not materially changed since October 2020.

How Large is 1 PHILLIPS CLOSE?

1 PHILLIPS CLOSE is 103m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% 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 1 PHILLIPS CLOSE lies on this distribution: 19% of detached houses houses are smaller than 1 PHILLIPS CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Formby.

1 PHILLIPS CLOSE: Plot and Title Map

1 PHILLIPS CLOSE sits on a plot of roughly 0.189 of an acre, or 765m². The below map shows the location of 1 PHILLIPS 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 1 PHILLIPS 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 1 PHILLIPS CLOSE?

1 PHILLIPS CLOSE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 1 on PHILLIPS CLOSE.