5, FORMBY DRIVE, HEALD GREEN, CHEADLE, SK8 3EQ - £317,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 FORMBY DRIVE is a very small detached house of 58m², built sometime between 1967 and 1975, which could now be worth an estimated £327,847. It was last sold for £317,500 in July 2022, which was around 37% below the average July 2022 detached price in the Stockport local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

5 FORMBY DRIVE Sold Prices

Land registry data shows three sales for 5 FORMBY 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 Stockport local authority area for the corresponding sale date. All of the three 5 FORMBY 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
2022 1 JUL	£317,500	£502,745	37% below HPI
2006 1 JUN	£168,000	£278,215	40% below HPI
2002 6 DEC	£60,000	£194,468	69% below HPI

5 FORMBY DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockport local authority area over time, sourced from the HPI. The three 5 FORMBY DRIVE sales between December 2002 and July 2022 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 June 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 5 FORMBY DRIVE be worth now?

5 FORMBY DRIVE might now be worth an estimated £327,847.

This is based on house price inflation of 3.3%, between July 2022 and February 2025, for detached houses, in the Stockport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.3% inflationary increase is applied to the most recent sale price for 5 FORMBY DRIVE of £317,500 on 1st July 2022. For the value to have increased from £317,500 to £327,847 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 5 FORMBY DRIVE has moved in line with the HPI for detached houses in the Stockport local authority area.
• The July 2022 sale price of £317,500 represented a fair market value for the property.
• The size, condition, and specification of 5 FORMBY DRIVE has not materially changed since July 2022.

How Large is 5 FORMBY DRIVE?

5 FORMBY DRIVE is 58m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of detached houses houses in Heald Green, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heald Green, and where 5 FORMBY DRIVE lies on this distribution: Less than 1% of detached houses houses are smaller than 5 FORMBY DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Heald Green.

5 FORMBY DRIVE: Plot and Title Map

5 FORMBY DRIVE sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 5 FORMBY 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 5 FORMBY 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 5 FORMBY DRIVE?

5 FORMBY DRIVE is located in HEALD GREEN, in the SK8 postcode district. The below map shows the position of No. 5 on FORMBY DRIVE.