3, GORSE WAY, FORMBY, LIVERPOOL, L37 1PA - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 GORSE WAY is a midsized extended detached house of 148m², built sometime between 1967 and 1975. It was last sold for £360,000 in July 2014, which was around 48% above the average July 2014 detached price in the Sefton local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

3 GORSE WAY Sold Prices

Land registry data shows two sales for 3 GORSE WAY 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 3 GORSE WAY 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 4 JUL	£360,000	£243,354	48% above HPI
2012 2 AUG	£230,000	£233,151	1% below HPI

3 GORSE WAY 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 3 GORSE WAY sales from August 2012 and July 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 August 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2014 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 3 GORSE WAY?

3 GORSE WAY is 148m², which includes two extensions, according to the EPC inspection conducted in April 2013. This puts it in the largest 50% of detached houses in Formby, based on EPC data. The below chart shows the distribution of detached houses by size in Formby, and where 3 GORSE WAY lies on this distribution: 57% of detached houses are smaller than 3 GORSE WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Formby.

3 GORSE WAY: Plot and Title Map

3 GORSE WAY sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 3 GORSE WAY, 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 3 GORSE WAY). 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 3 GORSE WAY?

3 GORSE WAY is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 3 on GORSE WAY.