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Derwent Avenue, Formby, Liverpool - Image 1
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Derwent Avenue, Formby, Liverpool

North West

£320,000
Listed on 05/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
506 sqft

Description

This three-bedroom semi-detached bungalow presents a unique opportunity for renovation and investment, situated in the desirable residential area of Formby. The property is offered without any onward chain, making it an appealing prospect for various buyers, including families looking to establish roots or those interested in maximizing its potential. Conveniently located, this bungalow enjoys proximity to Formby Village, which boasts a variety of shops and amenities. Additionally, the nearby National Trust pinewoods and coastline offer beautiful natural surroundings for outdoor activities. Excellent transport links are also at hand, including access to Formby train station, ensuring that commuting and travel are straightforward. Internally, the home features a practical layout that can easily adapt to different needs. A welcoming porch leads into a bright entrance hallway, which flows into a spacious lounge. The ground floor includes two well-sized bedrooms; one is currently set up as a dining room, showcasing the property’s versatility. The bathroom is tidy and functional, while the breakfast kitchen provides ample space along with direct access to a small conservatory overlooking the rear garden. The first floor hosts a sizeable bedroom accompanied by additional loft and storage areas. This layout offers significant potential for conversion of the loft space into further living accommodation, pending relevant planning permissions. This flexibility allows future owners to customize their living space according to their preferences. Outside, the property features off-road parking alongside well-maintained gardens both at the front and rear. There is also a garage that offers additional storage options or could serve as a workshop space for various projects. Overall, this bungalow holds substantial promise for those looking to invest in a property with renovation potential in a prime location. Early viewings are encouraged for anyone interested in exploring this opportunity further.

Investment Analysis

(L37 area)

Above Market Value

This property is priced +115.1% above area average per sq ft

+115.1%
This Property
£632/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£277
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £45,000
Target Value
£163,613
10% above area average per sq ft
Potential ROI
-55.2%
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

Derwent Avenue, Formby, Liverpool
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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
£1,172
Based on a loan of £240,000 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