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House Prices on Formby Way, WS3 - What’s the Going Rate?
Get a firm handle on recent property sales for Formby Way in the WS3 district in Walsall.
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Associated Postcodes:
WS3 3TL
What should properties be worth on Formby Way?
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House Prices > Walsall > WS3 > Formby Way
Sales Buzz on the Street
Essential Market Data for Formby Way
- Formby Way has been buzzing since 2021, with 3 transactions and an average sale price of £317,000. Homes here usually stretch 1,165 square feet, costing £249 per square foot.
- Sales activity on the well-positioned Formby Way shows prices stretching from £232,500 to £415,000, with square foot costs covering £232 to £260.
- August 2024 highlighted the most recent property sale on Formby Way.
Local Market Showdown
Formby Way Property Prices vs Surrounding Areas
By Sector
WS3 3
The average property price in Formby Way is 40% above that in the WS3 3 sector. (£317,000 vs £189,000). With this comparison, buyers could avoid spending about £128,000 by looking beyond Formby Way.
By District
i.e. WS3
Affording a home in the WS3 district could mean paying 46% less than Formby Way. (£171,800 vs £317,000). Drawing a clear comparison, homes on Formby Way tend to cost an additional £145,200 over those in WS3.
By City or Town
i.e. Walsall
Formby Way home values are 41% higher than those recorded across Walsall. (£317,000 vs £186,000) With all things equal, buying in another part of Walsall could keep £131,400 in your bank account.
Street Details Made Simple
Other Noteworthy Facts About Formby Way
- This particular stretch contains 38 properties, each quietly grouped within a single postcode boundary.
- Formby Way appears to be entirely made up of longstanding, previously owned properties.
- Homes on Formby Way currently average an EPC rating of 64 (D) and have the potential to attain an 80 (C).
- The average footprint of a home on Formby Way stands at 1,165 square feet, placing it 22% above the town’s mean.
- This street ranks high in market activity, clocking average resales at 29 months, faster than 8.59 months elsewhere.
City Buyer’s Briefing
Unpacking the Market in Walsall, One Street at a Time
Seeking to buy or invest in Walsall? Our in-depth content reveals top streets, market trends, and advice for securing an excellent deal.
Also, for a closer look at how the market has evolved since 2018, the Property Prices in Walsall page gives you just that.
Top Area Getaways
WS3 at a Glance
Below, we’ve popped in a handful of fascinating stats tied to WS3’s property sales.
470
No. of Roads
4,707
No. of Transactions
£200K
Avg. Property Price
929
per sq/ft
Avg. Property Size
£192
per sq/ft
Avg. Cost Per Sq/Ft
Streets Worth Noting
Other Roads to Consider
WS3 Roads with Similar Prices
- Troon Close
- Billet Crescent
- Hoylake Close
- Stafford Close
- Paradise Grove
- Wentworth Road
Roads Near Formby Way
- Harrison Close
- Stafford Road
- Lichfield Road
- Bell Tower Close
- Abbotts Place
- Abbotts Street
