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Kirklake Road, Formby, Liverpool, L37 - Image 1
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Kirklake Road, Formby, Liverpool, L37 - Image 3
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Kirklake Road, Formby, Liverpool, L37

North West

£1,500,000
Listed on 03/04/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for renovation and investment in a desirable location near Formby beach. Greenloons Farm spans approximately 2 acres (0.80 hectares) and comes with approved planning consent for the construction of a single dwelling, following the demolition of the existing home and outbuildings. Buyers have the flexibility to choose between two architectural designs: one contemporary and one traditional, each offering around 13,500 square feet of potential living space. The site is nestled within a tranquil woodland environment adjacent to The National Trust Nature Reserve, enhancing its appeal for nature enthusiasts and those seeking privacy. Formby village is just a mile away, providing easy access to various dining options, trendy wine bars, and both independent and chain retail shops. Birkdale Village, located approximately 6 miles from the property, offers additional amenities. Educational facilities are readily available with several reputable primary and secondary schools in the vicinity. Notable private institutions such as St Mary’s Crosby and Merchant Taylors’ schools are also within reach, making this an attractive area for families. For those interested in recreation, the location boasts proximity to championship golf courses like Formby (only 0.6 miles away), Birkdale, and Hillside. Additionally, the property benefits from excellent transportation links; it is positioned conveniently for access to Liverpool (14 miles) and Southport (8 miles) while being serviced by Formby station and Freshfield railway station for commutes into city centers. With Liverpool John Lennon Airport approximately 20 miles away and Manchester Airport about 44 miles distant, travel is straightforward. This property not only provides an exceptional canvas for custom development but also represents an investment in a highly sought-after area with significant potential for future appreciation.

Investment Analysis

(L37 area)
Area Average
£294/sq ft
Avg Rent (weekly)
£277
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (L37)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 8.2%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on L37 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Kirklake Road, Formby, Liverpool, L37
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,495
Based on a loan of £1,125,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE