5, SPRINGFIELD CLOSE, FORMBY, LIVERPOOL, L37 2LL - £414,200

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 SPRINGFIELD CLOSE is a large extended detached house of 159m², built sometime between 1967 and 1975, which could now be worth an estimated £441,011. It was last sold for £414,200 in November 2022, which was around 16% above the average November 2022 detached price in the Sefton local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

5 SPRINGFIELD CLOSE Sold Prices

Land registry data shows two sales for 5 SPRINGFIELD 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 Sefton local authority area for the corresponding sale date. Both of the two 5 SPRINGFIELD CLOSE 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 21 NOV	£414,200	£357,833	16% above HPI
2018 28 SEP	£318,000	£278,202	14% above HPI

5 SPRINGFIELD CLOSE 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 5 SPRINGFIELD CLOSE sales from September 2018 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 September 2018 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the November 2022 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 5 SPRINGFIELD CLOSE be worth now?

5 SPRINGFIELD CLOSE might now be worth an estimated £441,011.

This is based on house price inflation of 6.5%, between November 2022 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 6.5% inflationary increase is applied to the most recent sale price for 5 SPRINGFIELD CLOSE of £414,200 on 21st November 2022. For the value to have increased from £414,200 to £441,011 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the Sefton local authority area.
• The November 2022 sale price of £414,200 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRINGFIELD CLOSE has not materially changed since November 2022.

How Large is 5 SPRINGFIELD CLOSE?

5 SPRINGFIELD CLOSE is 159m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 40% 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 5 SPRINGFIELD CLOSE lies on this distribution: 64% of detached houses houses are smaller than 5 SPRINGFIELD CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Formby.

5 SPRINGFIELD CLOSE: Plot and Title Map

5 SPRINGFIELD CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 5 SPRINGFIELD 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 SPRINGFIELD 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 SPRINGFIELD CLOSE?

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