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Wicks Lane, Formby, Liverpool

North West

£650,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1705 sqft

Description

This three-bedroom detached property presents a unique opportunity for renovation and investment in a highly sought-after area. While the home requires modernisation, its generous plot size offers substantial potential for re-development or expansion, subject to the necessary planning permissions and regulations. Upon entering, you’ll find a spacious porch leading to a hallway that connects to various living spaces. The ground floor features a sunroom that invites natural light, alongside a lounge equipped with double doors opening into the garden—perfect for creating an open and airy atmosphere. The dining room is adjacent, providing an ideal setting for family meals. The kitchen offers functional layout with ample wall and base units for storage, complemented by a morning room where cozy breakfasts can be enjoyed. Additionally, this level includes essential amenities such as an integrated oven and space for further appliances. Moving upstairs, the landing leads to three well-proportioned bedrooms. The master bedroom boasts not only size but also access to a balcony that overlooks the front garden. The second bedroom has convenient fitted storage solutions, while the third bedroom also includes built-in cupboards. A family bathroom with both a bath and shower completes this level, ensuring practical living arrangements. Outside, the property features off-road parking alongside a garage at the front. The extensive rear garden is particularly noteworthy; its size offers numerous possibilities—from personal outdoor space to potential development opportunities that could enhance property value in line with local market trends. Located just a short walk from Formby village and its array of amenities, as well as proximity to Formby Pinewoods, this property combines convenience with potential growth avenues for discerning buyers or investors looking to add value through renovation or redevelopment. This home is offered with no onward chain, making it an attractive prospect for those ready to embark on their next project. Early viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(L37 area)

Above Market Value

This property is priced +28.4% above area average per sq ft

+28.4%
This Property
£381/sq ft
Area Average
£297/sq ft
Avg Rent (weekly)
£298
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£556,742
10% above area average per sq ft
Potential ROI
-21.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (L37)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 8.8%
5 year growth: 18.7%
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.

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Location

Wicks Lane, Formby, Liverpool
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