15, REDWOOD DRIVE, ORMSKIRK, L39 3NS - £265,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 REDWOOD DRIVE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £265,000 in September 2021, which was around 14% below the average September 2021 detached price in the West Lancashire local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

15 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 15 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. All of the three 15 REDWOOD DRIVE 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
2021 24 SEP	£265,000	£306,384	14% below HPI
2017 5 MAY	£225,000	£265,878	15% below HPI
1997 20 JUN	£91,000	£93,748	3% below HPI

15 REDWOOD DRIVE 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 three 15 REDWOOD DRIVE sales between June 1997 and September 2021 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 May 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 15 REDWOOD DRIVE?

15 REDWOOD DRIVE is 72m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses in Ormskirk, based on EPC data. The below chart shows the distribution of detached houses by size in Ormskirk, and where 15 REDWOOD DRIVE lies on this distribution: 4% of detached houses are smaller than 15 REDWOOD DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Ormskirk.

15 REDWOOD DRIVE: Plot and Title Map

15 REDWOOD DRIVE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 15 REDWOOD 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 REDWOOD 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 REDWOOD DRIVE?

15 REDWOOD DRIVE is located in ORMSKIRK, in the L39 postcode district. The below map shows the position of No. 15 on REDWOOD DRIVE.