8, OAKWOOD DRIVE, SOUTHPORT, PR8 3HZ - £162,500

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.

8 OAKWOOD DRIVE is a very small detached house of 83m², built sometime between 1930 and 1949, which could now be worth an estimated £224,011. It was last sold for £162,500 in February 2019, which was around 42% below the average February 2019 detached price in the Sefton local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

8 OAKWOOD DRIVE Sold Prices

Land registry data shows two sales for 8 OAKWOOD DRIVE 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 8 OAKWOOD 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
2019 19 FEB	£162,500	£277,885	42% below HPI
1998 21 APR	£43,500	£91,704	53% below HPI

8 OAKWOOD 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 two 8 OAKWOOD DRIVE sales from April 1998 and February 2019 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 1998 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the February 2019 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 8 OAKWOOD DRIVE be worth now?

8 OAKWOOD DRIVE might now be worth an estimated £224,011.

This is based on house price inflation of 37.9%, between February 2019 and March 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 37.9% inflationary increase is applied to the most recent sale price for 8 OAKWOOD DRIVE of £162,500 on 19th February 2019. For the value to have increased from £162,500 to £224,011 over the five years and eleven months to March 2025, the following assumptions must hold true:

• The value of 8 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Sefton local authority area.
• The February 2019 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKWOOD DRIVE has not materially changed since February 2019.

How Large is 8 OAKWOOD DRIVE?

8 OAKWOOD DRIVE is 83m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses houses in Southport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southport, and where 8 OAKWOOD DRIVE lies on this distribution: 12% of detached houses houses are smaller than 8 OAKWOOD DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Southport.

8 OAKWOOD DRIVE: Plot and Title Map

8 OAKWOOD DRIVE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 8 OAKWOOD 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 8 OAKWOOD 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 8 OAKWOOD DRIVE?

8 OAKWOOD DRIVE is located in SOUTHPORT, in the PR8 postcode district. The below map shows the position of No. 8 on OAKWOOD DRIVE.