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Derby Court, Derby Road, Formby, Liverpool, Merseyside, L37 - Image 1
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Derby Court, Derby Road, Formby, Liverpool, Merseyside, L37

North West

£200,000
Listed on 23/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This first-floor apartment features two spacious bedrooms and presents a promising opportunity for those interested in renovation and investment. Nestled within one of Formby’s sought-after residential neighborhoods, the property is conveniently located just a short walk from Freshfield Train Station and the prestigious Formby Golf Club. Its position offers both accessibility and a desirable lifestyle, with ample local amenities nearby. While the apartment is bright and airy, it does require some modernization, allowing new owners the chance to tailor the space to their taste. The layout optimizes natural light, contributing to an overall sense of openness throughout the living areas. Potential buyers can envision transforming this canvas into a stylish home that reflects their personal style. This property is ideal for various buyers—downsizings, professionals, first-time homeowners, or investors looking to create value. The well-proportioned accommodation includes a communal entrance leading to a private hallway that connects to a generous living room with dining space, a kitchen, two double bedrooms, and a bathroom. Notably, there is also access to a sizable loft area with a Velux window, providing additional storage options. Outside, residents can enjoy beautifully landscaped communal gardens that enhance the tranquil setting of the property. The presence of mature hedges and trees contributes to privacy while creating inviting outdoor spaces. Additionally, the apartment includes its own garage with power and lighting, an added benefit for storage or vehicle accommodation. Formby itself is recognized for its vibrant community atmosphere and offers excellent transport links between Liverpool and Southport. The area boasts fantastic local amenities including shops, schools, restaurants, as well as access to natural attractions like nearby beaches and nature reserves. This combination of location advantages paired with renovation potential makes it an appealing prospect for any buyer looking to invest in a property with long-term value.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Derby Court, Derby 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
£733
Based on a loan of £150,000 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