5, MILMAN CLOSE, ORMSKIRK, L39 4SJ - £225,000

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 MILMAN CLOSE is a small extended detached house of 108m², built sometime between 1976 and 1982, which could now be worth an estimated £321,240. It was last sold for £225,000 in June 2015, which was around 12% below the average June 2015 detached price in the West Lancashire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

5 MILMAN CLOSE Sold Prices

Land registry data shows two sales for 5 MILMAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. One of the two 5 MILMAN CLOSE sales was for below the average price, whilst the other was 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
2015 24 JUN	£225,000	£255,388	12% below HPI
1999 28 MAY	£109,950	£95,984	15% above HPI

5 MILMAN CLOSE 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 two 5 MILMAN CLOSE sales from May 1999 and June 2015 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 1999 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2015 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 MILMAN CLOSE be worth now?

5 MILMAN CLOSE might now be worth an estimated £321,240.

This is based on house price inflation of 42.8%, between June 2015 and February 2025, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.8% inflationary increase is applied to the most recent sale price for 5 MILMAN CLOSE of £225,000 on 24th June 2015. For the value to have increased from £225,000 to £321,240 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MILMAN CLOSE has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The June 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILMAN CLOSE has not materially changed since June 2015.

How Large is 5 MILMAN CLOSE?

5 MILMAN CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% of detached houses houses in Ormskirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ormskirk, and where 5 MILMAN CLOSE lies on this distribution: 27% of detached houses houses are smaller than 5 MILMAN CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ormskirk.

5 MILMAN CLOSE: Plot and Title Map

5 MILMAN CLOSE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 5 MILMAN CLOSE, 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 MILMAN CLOSE). 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 MILMAN CLOSE?

5 MILMAN CLOSE is located in ORMSKIRK, in the L39 postcode district. The below map shows the position of No. 5 on MILMAN CLOSE.