15, ELM DRIVE, FORMBY, LIVERPOOL, L37 2DL - £237,000

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

15 ELM DRIVE is a midsized extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £402,320. It was last sold for £237,000 in January 2014, which was around 4% above the average January 2014 detached price in the Sefton local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

15 ELM DRIVE Sold Prices

Land registry data shows two sales for 15 ELM DRIVE 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 15 ELM DRIVE 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
2014 31 JAN	£237,000	£228,827	4% above HPI
1999 26 MAR	£82,400	£97,743	16% below HPI

15 ELM DRIVE 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 15 ELM DRIVE sales from March 1999 and January 2014 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 March 1999 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2014 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 15 ELM DRIVE be worth now?

15 ELM DRIVE might now be worth an estimated £402,320.

This is based on house price inflation of 69.8%, between January 2014 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 69.8% inflationary increase is applied to the most recent sale price for 15 ELM DRIVE of £237,000 on 31st January 2014. For the value to have increased from £237,000 to £402,320 over the nine years and one month to December 2024, the following assumptions must hold true:

• The value of 15 ELM DRIVE has moved in line with the HPI for detached houses in the Sefton local authority area.
• The January 2014 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ELM DRIVE has not materially changed since January 2014.

How Large is 15 ELM DRIVE?

15 ELM DRIVE is 129m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 50% 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 15 ELM DRIVE lies on this distribution: 42% of detached houses houses are smaller than 15 ELM DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Formby.

15 ELM DRIVE: Plot and Title Map

15 ELM DRIVE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 15 ELM DRIVE, 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 15 ELM DRIVE). 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 15 ELM DRIVE?

15 ELM DRIVE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 15 on ELM DRIVE.