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Davenham Road, Formby, Liverpool, Merseyside, L37

North West

£260,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
907 sqft

Description

This three-bedroom semi-detached home is nestled in a serene cul-de-sac, presenting an excellent opportunity for renovators and investors alike. While the property requires significant refurbishment, its potential to be transformed into a stylish family residence is clear. Upon entering, you are welcomed by a hallway leading to a spacious front lounge that connects seamlessly to a secondary reception area. The ground floor also features a kitchen with direct access to the generous garden, ideal for those looking to create outdoor living spaces or lush landscaping. The expansive garden offers plenty of room for creative landscaping ideas and provides a peaceful retreat from the hustle and bustle of daily life. Despite its tranquil setting, this location boasts proximity to local amenities, Formby village, reputable schools, and convenient transport links. Upstairs, the three well-sized bedrooms offer flexibility for family living or guest accommodation. The family bathroom is ripe for modernization, allowing future owners to tailor it to their taste. Additionally, this property comes with a 999-year peppercorn lease established in 1925, with the potential option to purchase the freehold after appropriate inquiries. This aspect further enhances its investment appeal for those looking to secure a valuable asset in an attractive neighborhood. Overall, this property is primed for those with vision—whether you're seeking your next renovation project or considering an investment opportunity in a sought-after area.

Investment Analysis

(L37 area)

Below Market Value

This property is priced -2.5% below area average per sq ft

-2.5%
Potential saving
This Property
£287/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£277
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£293,274
10% above area average per sq ft
Potential ROI
-2.2%
After renovation
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

Davenham Road, Formby, Liverpool, Merseyside, 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
£952
Based on a loan of £195,000 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