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Norris Way, Formby, Liverpool, L37

North West

£325,000
Listed on 30/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1391 sqft

Description

This detached residence, nestled in a peaceful cul-de-sac near Formby Village, presents an excellent opportunity for those looking to invest in a property with significant potential. The home features generously sized rooms that invite personal touches and updates. There is ample scope for cosmetic improvements throughout, as well as the possibility of reconfiguring spaces to enhance modern living. The ground floor comprises an entrance hall leading to a bright dual-aspect lounge and dining area, along with a kitchen positioned at the rear that offers the chance to create an open-plan layout, pending necessary permissions. A conservatory provides additional light and views of the enclosed rear garden, perfect for families and entertaining. Notably, the former garage has been transformed into a versatile gym or extra reception space. Upstairs houses three bedrooms and a family bathroom waiting for modernisation. Outside, the property boasts off-road parking for two vehicles on a block-paved driveway and further parking beside a side carport. With no onward chain, this home is ready for new owners to make their mark.

Investment Analysis

(L37 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
Potential saving
This Property
£234/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£340
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£452,986
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (L37)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -2.2%
5 year growth: +6.1%
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

Norris Way, Formby, Liverpool, L37
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,159
Based on a loan of £243,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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