7, ELM DRIVE, FORMBY, LIVERPOOL, L37 2DL - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 ELM DRIVE is a midsized extended detached house of 130m², built sometime between 1967 and 1975, which could now be worth an estimated £382,498. It was last sold for £225,000 in April 2014, which was around 2% below the average April 2014 detached price in the Sefton local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was C.

7 ELM DRIVE Sold Prices

Land registry data shows four sales for 7 ELM DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sefton local authority area for the corresponding sale date. All of the four 7 ELM 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
2014 17 APR	£225,000	£228,499	2% below HPI
2001 19 OCT	£105,000	£128,629	18% below HPI
2000 26 JUL	£90,000	£110,019	18% below HPI
1997 22 JUL	£76,000	£91,279	17% below HPI

7 ELM DRIVE 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 four 7 ELM DRIVE sales between July 1997 and April 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 October 2001 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2014 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 7 ELM DRIVE be worth now?

7 ELM DRIVE might now be worth an estimated £382,498.

This is based on house price inflation of 70%, between April 2014 and December 2024, 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 70% inflationary increase is applied to the most recent sale price for 7 ELM DRIVE of £225,000 on 17th April 2014. For the value to have increased from £225,000 to £382,498 over the nine years and four months to December 2024, the following assumptions must hold true:

• The value of 7 ELM DRIVE has moved in line with the HPI for detached houses in the Sefton local authority area.
• The April 2014 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ELM DRIVE has not materially changed since April 2014.

How Large is 7 ELM DRIVE?

7 ELM DRIVE is 130m², which includes three extensions, according to the EPC inspection conducted in August 2013. This puts it in the smallest 50% 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 7 ELM DRIVE lies on this distribution: 42% of detached houses houses are smaller than 7 ELM DRIVE, and 57% of houses are larger. Note that EPC data is not available for all properties in Formby.

7 ELM DRIVE: Plot and Title Map

7 ELM DRIVE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 7 ELM 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 7 ELM 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 7 ELM DRIVE?

7 ELM DRIVE is located in FORMBY, in the L37 postcode district. The below map shows the position of No. 7 on ELM DRIVE.