7, TOWER VIEW CLOSE, BURSCOUGH, ORMSKIRK, L40 7AN - £320,000

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.

7 TOWER VIEW CLOSE is a very small detached house of 88m², built in 2016, which could now be worth an estimated £346,182. It was last sold for £320,000 in November 2022, which was around 5% below the average November 2022 detached price in the West Lancashire local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was A.

7 TOWER VIEW CLOSE Sold Prices

Land registry data shows two sales for 7 TOWER VIEW 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. Both of the two 7 TOWER VIEW CLOSE 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 29 NOV	£320,000	£337,049	5% below HPI
2021 30 APR	£263,995	£296,754	11% below HPI

7 TOWER VIEW 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 7 TOWER VIEW CLOSE sales from April 2021 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 April 2021 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 7 TOWER VIEW CLOSE be worth now?

7 TOWER VIEW CLOSE might now be worth an estimated £346,182.

This is based on house price inflation of 8.2%, between November 2022 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 8.2% inflationary increase is applied to the most recent sale price for 7 TOWER VIEW CLOSE of £320,000 on 29th November 2022. For the value to have increased from £320,000 to £346,182 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 TOWER VIEW CLOSE has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The November 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 7 TOWER VIEW CLOSE has not materially changed since November 2022.

How Large is 7 TOWER VIEW CLOSE?

7 TOWER VIEW CLOSE is 88m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% 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 7 TOWER VIEW CLOSE lies on this distribution: 10% of detached houses houses are smaller than 7 TOWER VIEW CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Ormskirk.

7 TOWER VIEW CLOSE: Plot and Title Map

7 TOWER VIEW CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 7 TOWER VIEW 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 7 TOWER VIEW 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 7 TOWER VIEW CLOSE?

7 TOWER VIEW CLOSE is located in BURSCOUGH, in the L40 postcode district. The below map shows the position of No. 7 on TOWER VIEW CLOSE.