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Paradise Lane, Formby

North West

£290,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
409 sqft

Description

This property presents a unique chance to secure a substantial plot in the highly sought-after area of Formby, specifically on Paradise Lane. Nestled in a spacious and secluded location, it offers significant potential for modernization, expansion, or even complete redevelopment, pending the necessary planning approvals. This makes it an excellent prospect for those wishing to design a custom home in this prime locale. The property is set on a large, elongated parcel of land featuring extensive gardens and plentiful outdoor space, which opens up possibilities for further enhancements. The tranquil environment and well-established neighborhood add to its overall charm. Currently, the accommodation includes a vestibule that leads into a generous entrance hall, alongside a lounge and separate dining area. The galley kitchen is complemented by an adjoining utility room. On the upper level, there are three adequately sized bedrooms with a shower room. Although full renovation is required throughout, it serves as an exciting blank canvas for buyers looking to modernize. Outside, there is off-road parking available for several vehicles at the front of the house and established gardens surrounding the property. The expansive rear grounds hold significant potential for landscaping improvements or extensions that could enhance living space further. Additionally, a detached garage coupled with a substantial workshop increases versatility; both could be converted into an annexe, office space, or studio with appropriate permissions. Viewing is highly recommended to grasp the full scope of this property's size and its considerable renovation potential.

Investment Analysis

(L37 area)

Above Market Value

This property is priced +141.9% above area average per sq ft

+141.9%
This Property
£709/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£312
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£131,888
10% above area average per sq ft
Potential ROI
-65.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (L37)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +3.9%
5 year growth: +14.3%
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

Paradise Lane, Formby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,046
Based on a loan of £217,500 over 30 years at 4.06% 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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