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Old Mill Lane, Formby, Merseyside, L37 3PF - Image 1
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Old Mill Lane, Formby, Merseyside, L37 3PF

North West

£270,000
Listed on 13/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
925 sqft

Description

Situated on the sought-after Old Mill Lane in Formby, this spacious three-bedroom residence offers significant potential for those with a vision for renovation and improvement. This property is particularly appealing for first-time buyers and families wishing to create their ideal home in a desirable area. As you enter, the layout includes two well-defined reception spaces that provide flexibility for various uses—from formal dining areas to casual lounges or even a dedicated workspace. The current design is functional but offers ample opportunity for modern upgrades, especially in the kitchen where an open-plan concept could be introduced, enhancing connectivity to the garden and aligning with contemporary living trends. Moving upstairs, the three generously sized bedrooms are filled with natural light and provide comfortable space for family living. The existing family bathroom, while adequately serving its purpose, also presents an excellent chance to inject personal style and update it into a modern sanctuary. Outside, both front and rear gardens present a blank canvas for landscaping—perfectly suited to gardening enthusiasts looking to create personalized outdoor spaces. The rear garden particularly stands out as a private retreat ideal for relaxation or children's activities after some reimagining. Additionally, this property features a garage and private driveway, offering valuable off-road parking and storage options that families will appreciate. With 'no chain' status, this property also allows for a straightforward purchasing process without the common delays associated with property transactions. The convenient location near Formby Village ensures residents have access to local shops, cafes, restaurants, and highly regarded schools, making it an attractive prospect for families. This three-bedroom house represents more than just real estate; it's an opportunity ripe for investment through transformation into a dream family home with substantial inherent value. With its spacious interiors, ample gardens, garage facilities, and potential for tailored modernization, this property awaits your personal touch.

Investment Analysis

(L37 area)

Below Market Value

This property is priced -0.7% below area average per sq ft

-0.7%
Potential saving
This Property
£292/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
£299,094
10% above area average per sq ft
Potential ROI
-3.5%
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

Old Mill Lane, Formby, Merseyside, L37 3PF
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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
£989
Based on a loan of £202,500 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