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Gorse Way, Formby, Liverpool, L37 - Image 1
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Gorse Way, Formby, Liverpool, L37

North West

£495,000
Listed on 02/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1485 sqft

Description

Nestled in a well-established residential neighborhood, this spacious four-bedroom detached home is situated near the desirable Larkhill Lane area. The property boasts significant renovation and investment potential, making it an appealing choice for buyers looking to modernize and enhance their living space. With over 1,570 square feet of well-distributed accommodation, the layout is particularly suitable for family living. The ground floor features a generously sized dual-aspect lounge that invites natural light, a separate dining area perfect for gatherings, and a kitchen that overlooks the west-facing garden. Additionally, there is a convenient WC and internal access to the integral garage, providing extra flexibility. The upper level comprises four bedrooms alongside a family bathroom, offering ample space for rest and privacy. The outside area includes a west-facing rear garden that presents opportunities for landscaping or further development. Driveway parking accommodates several vehicles and potential exists for extensions or remodeling (subject to relevant planning permissions). This property comes without the burden of onward chain, presenting a rare opportunity to secure a substantial home in an area earmarked for growth. Its proximity to Larkhill Fields enhances its attractiveness as both a comfortable residence and an investment opportunity in a location that has already seen considerable enhancement from neighboring homes.

Investment Analysis

(L37 area)

Above Market Value

This property is priced +13.4% above area average per sq ft

+13.4%
This Property
£333/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£277
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£480,167
10% above area average per sq ft
Potential ROI
-13.5%
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

Gorse Way, 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
£1,813
Based on a loan of £371,250 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