24, OAKFIELD DRIVE, FORMBY, LIVERPOOL, L37 1NR - £275,000

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

24 OAKFIELD DRIVE is a very small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £400,842. It was last sold for £275,000 in August 2016, which was around 5% above the average August 2016 detached price in the Sefton local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

24 OAKFIELD DRIVE Sold Prices

Land registry data shows two sales for 24 OAKFIELD 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. Both of the two 24 OAKFIELD DRIVE 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
2016 10 AUG	£275,000	£261,384	5% above HPI
2003 4 SEP	£217,950	£173,162	26% above HPI

24 OAKFIELD 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 24 OAKFIELD DRIVE sales from September 2003 and August 2016 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 September 2003 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 24 OAKFIELD DRIVE be worth now?

24 OAKFIELD DRIVE might now be worth an estimated £400,842.

This is based on house price inflation of 45.8%, between August 2016 and February 2025, 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 45.8% inflationary increase is applied to the most recent sale price for 24 OAKFIELD DRIVE of £275,000 on 10th August 2016. For the value to have increased from £275,000 to £400,842 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 24 OAKFIELD DRIVE has moved in line with the HPI for detached houses in the Sefton local authority area.
• The August 2016 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 24 OAKFIELD DRIVE has not materially changed since August 2016.

How Large is 24 OAKFIELD DRIVE?

24 OAKFIELD DRIVE is 80m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% 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 24 OAKFIELD DRIVE lies on this distribution: 5% of detached houses houses are smaller than 24 OAKFIELD DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Formby.

24 OAKFIELD DRIVE: Plot and Title Map

24 OAKFIELD DRIVE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 24 OAKFIELD 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 24 OAKFIELD 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 24 OAKFIELD DRIVE?

24 OAKFIELD DRIVE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 24 on OAKFIELD DRIVE.