5, OAKFIELD DRIVE, FORMBY, LIVERPOOL, L37 1NP - £475,000

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 OAKFIELD DRIVE is a midsized extended semi-detached house of 135m², built sometime between 1976 and 1982, which could now be worth an estimated £507,381. It was last sold for £475,000 in November 2022, which was around 114% above the average November 2022 semi-detached price in the Sefton local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

5 OAKFIELD DRIVE Sold Prices

Land registry data shows three sales for 5 OAKFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Sefton local authority area for the corresponding sale date. All of the three 5 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
2022 11 NOV	£475,000	£221,911	114% above HPI
2003 20 JUN	£160,000	£98,063	63% above HPI
2001 9 NOV	£112,000	£73,539	52% above HPI

5 OAKFIELD DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sefton local authority area over time, sourced from the HPI. The three 5 OAKFIELD DRIVE sales between November 2001 and November 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 2003 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the November 2022 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might 5 OAKFIELD DRIVE be worth now?

5 OAKFIELD DRIVE might now be worth an estimated £507,381.

This is based on house price inflation of 6.8%, between November 2022 and February 2025, for semi-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 6.8% inflationary increase is applied to the most recent sale price for 5 OAKFIELD DRIVE of £475,000 on 11th November 2022. For the value to have increased from £475,000 to £507,381 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 OAKFIELD DRIVE has moved in line with the HPI for semi-detached houses in the Sefton local authority area.
• The November 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OAKFIELD DRIVE has not materially changed since November 2022.

How Large is 5 OAKFIELD DRIVE?

5 OAKFIELD DRIVE is 135m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 50% of semi-detached houses houses in Formby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Formby, and where 5 OAKFIELD DRIVE lies on this distribution: 46% of semi-detached houses houses are smaller than 5 OAKFIELD DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Formby.

5 OAKFIELD DRIVE: Plot and Title Map

5 OAKFIELD DRIVE sits on a plot of roughly 0.150 of an acre, or 609m². The below map shows the location of 5 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 5 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 5 OAKFIELD DRIVE?

5 OAKFIELD DRIVE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 5 on OAKFIELD DRIVE.