Local market reports › L area › L37 › L37 3
Formby market report L37 3, Liverpool
The standing L37 3 (Formby) property market report, rebuilt from the full public record every month. This page is built from the public record and nothing else: 2,372 completed sales registered with HM Land Registry in L37 3 (Liverpool) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: 27 registered 2026 sales put the L37 3 (Liverpool) median at £298,000, up 7% on five years earlier, with a mean of £341,500, and by floor area homes here have averaged about £2,960 per square metre over the last five years. Everything rests on 2,372 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
A postcode sector like L37 3 is a single group of streets within L37 (Liverpool), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where L37 3 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
L37 3 sold prices: where the market stands
The 2026 median for L37 3 is £298,000, taken from 27 registered sales. The mean, which is what most sites call the "average house price", is £341,500, a little above it, the familiar pattern where pricier homes stretch the average.
Price per square metre in L37 3
Averaged across five years of sales, floor space in L37 3 costs about £2,960 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
Against a national (England and Wales) median of £285,000, L37 3 runs 5% above it.
The price of a typical L37 3 home, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £298,000 | £298,000 | 27 |
| 2025 | £300,000 | £307,174 | 79 |
| 2024 | £287,000 | £305,140 | 77 |
| 2023 | £297,000 | £326,330 | 64 |
| 2022 | £299,000 | £350,612 | 74 |
| 2021 | £278,800 | £352,997 | 112 |
| 2020 | £300,000 | £389,256 | 69 |
| 2019 | £215,000 | £281,814 | 65 |
| 2018 | £260,000 | £346,585 | 81 |
| 2017 | £250,000 | £340,975 | 104 |
| 2016 | £230,800 | £322,891 | 78 |
| 2015 | £195,000 | £275,535 | 63 |
| 2014 | £213,000 | £302,178 | 73 |
| 2013 | £203,300 | £292,528 | 56 |
| 2012 | £205,000 | £301,734 | 50 |
| 2011 | £188,000 | £283,808 | 44 |
| 2010 | £213,000 | £334,039 | 49 |
| 2009 | £213,000 | £342,399 | 53 |
| 2008 | £210,000 | £344,234 | 51 |
| 2007 | £226,200 | £383,698 | 90 |
| 2006 | £197,500 | £342,835 | 96 |
| 2005 | £203,000 | £361,258 | 69 |
| 2004 | £185,000 | £335,996 | 92 |
| 2003 | £146,500 | £269,889 | 80 |
| 2002 | £126,000 | £237,068 | 85 |
| 2001 | £99,500 | £191,284 | 72 |
| 2000 | £89,500 | £175,644 | 92 |
| 1999 | £99,500 | £198,298 | 111 |
| 1998 | £89,000 | £179,653 | 98 |
| 1997 | £74,500 | £152,784 | 74 |
| 1996 | £65,000 | £137,082 | 87 |
| 1995 | £75,000 | £163,038 | 57 |
In cash terms the typical L37 3 home went from £75,000 in 1995 to £298,000 in 2026, roughly 4.0 times the price. Inflation explains only part of it: in today's money the rise is still about 83%, a genuine increase in what a home here costs. The real-terms peak came in 2020, and today's median remains roughly 23% under it: a 2020 buyer is still waiting to get that price back in today's money.
Year-on-year change in the L37 3 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2020 (+39.5% on the year before); the weakest, 2019 (−17.3%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −0.7% | −3.0% |
| 5 years (since 2021) | +1.3% | −3.3% |
| 10 years (since 2016) | +2.6% | −0.8% |
| 20 years (since 2006) | +2.1% | −0.7% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
The turnover behind the prices
How many homes change hands
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
L37 3 recorded 27 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 85 sales a year before the financial crisis and 64 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What tenants pay around L37 3
The local authority for L37 3 is Sefton, and its ONS average private rent currently stands at £928 a month (May 2026 figures). Size sets most of the rent: one-beds average £616 a month here against £1,400 for four or more bedrooms.
Average monthly rent by size, Sefton
ONS Price Index of Private Rents, May 2026.
£928 a month is £11,136 a year, which against the £298,000 median sold price makes a gross yield of 3.7%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
How L37 3 trades
Only 27 sales completed here in the last twelve months of data, which makes L37 3 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Within L37, this sector trades 10% below the district median: one of its district's cheaper corners.
Asked and answered: L37 3 (Formby)
Is L37 3 (Formby) a good place to buy a house?
How much did a house sell for in L37 3 (Formby)?
Are property prices falling in L37 3 (Formby)?
What happens to L37 3 prices now?
The record answers a different question than "what happens next": the median is up 7% over five years in cash but down 16% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
On the market in L37 today
The live side of the market holds 179 homes at the moment, listed by 3 agents publishing to HomesIndex.
These cover the whole L37 district, not just L37 3: live asking prices are collected per district.
20% of current listings sit under the prices comparable homes actually fetched. The comparison behind each listing uses recent recorded sales of similar homes close by.
- Formby, Liverpool, Merseyside, Liverpool
- Formby, Liverpool, Merseyside, Liverpool
- Formby, Liverpool, Merseyside, Liverpool
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every L37 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Moving up a bedroom in L: the cost
What homes of each size actually sold for across the L area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £247,500 | £342,995 (+39%) | £545,000 (+59%) | £755,000 (+39%) |
| Semi-detached | £160,000 | £194,995 (+22%) | £245,000 (+26%) | £350,000 (+43%) | £445,000 (+27%) |
| Terraced | £118,000 | £140,000 (+19%) | £165,000 (+18%) | £235,000 (+42%) | £317,050 (+35%) |
| Flat | £118,000 | £160,000 (+36%) | £230,000 (+44%) | £343,750 (+49%) | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the L area is the point: the same five years treated these districts very differently.
Winners and losers across the L area, five years
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in L37
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of L37, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| L37 1 | £510,000 | 18 |
| L37 2 | £427,500 | 34 |
| L37 4 | £230,000 | 14 |
| L37 6 | £297,500 | 25 |
| L37 7 | £380,000 | 9 |
| L37 8 | £240,000 | 15 |
Zoom out to the full L37 district report for the type split, monthly volumes and how L37 compares with its neighbours.
Thinking of selling in L37 3? Get a rough value first
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at L37 3's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working L37 3: the featured spot on this report is free for founding agents, one per district. Claim L37 3.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to L37 3. Free after a one click sign in.
See every individual L37 3 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.