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Gorse Way, Formby

North West

£495,000

Listed on 11/09/2026

The listing

Property details

Bedrooms
4
Type
Detached

Features

  • Garage
  • Garden
  • Parking

Description

This substantial four-bedroom detached property in the desirable Gores Way, Formby, presents a unique opportunity for investors or families seeking to create a bespoke home. With full planning permission already granted, the groundwork has been laid for a significant transformation into a modern family residence. The property has been stripped back in preparation for the proposed works, eliminating the uncertainty of obtaining planning permission. The approved plans include a thoughtfully designed layout featuring four spacious bedrooms, including a luxurious en-suite shower room for the principal bedroom, alongside a family bathroom. The ground floor is designed for contemporary living, incorporating an open-plan kitchen, dining, and family space, complemented by a separate sitting room, snug, utility room, and WC. Externally, the property boasts a generous rear garden and ample off-road parking to the front. A CGI image illustrating the proposed completed project offers a glimpse into the potential of this exciting development. With planning already in place and preparations underway, this property is an exceptional opportunity to create a modern family home in one of Formby's most prestigious locations. Cash buyers only are invited to arrange viewings to fully appreciate the potential this property offers.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

45out of 100
Grade ELow opportunity

Confidence: LOW

This detached four-bedroom house in Formby is a substantial blank canvas: the photographed interiors have been stripped back, with kitchen and bathroom fittings removed, unfinished surfaces and bare or damaged floors. That gives a buyer scope to carry out the proposed reconfiguration and create the open-plan family space described in the listing, alongside the separate sitting room and snug. The attached garage and generous rear garden add to the project’s potential, while the garden and rubble-strewn drive also offer clear external improvement work.

The score is 45/100, grade E, reflecting the scale of the works and limited overall opportunity rather than a judgement that the asking price is dear. Floor area is missing, so value against local £/sqf cannot yet be judged; the £85,000–£160,000 renovation range indicates a full project rather than a cosmetic refresh. The listing says planning permission has been granted, but the approved plans and scope should be checked before relying on them. The visible roof appears intact from ground level, though it cannot be fully assessed.

Key opportunities

  • Rework the stripped interior around the listing’s proposed open-plan kitchen, dining and family space, while creating the separate sitting room and snug.
  • Replace the absent kitchen and bathroom fittings and finish the bare floors, unfinished walls and exposed openings to shape a bespoke four-bedroom home.
  • Clear and improve the overgrown rear garden and rubble-strewn front drive; the attached garage is a useful feature to retain in the overall plan.

Key risks

  • Stripped interiors, absent kitchen and bathroom fittings, damaged or bare floors, and unfinished external areas make this an £85,000–£160,000 full-gut programme, with substantial budget and scheduling demands beyond a cosmetic refresh.
  • The visible pitched roof appears intact from ground level but cannot be fully assessed.
  • Floor area is missing, so value versus local £/sqf cannot be judged yet.

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Map

Location

Gorse Way, Formby
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Transport

Nearest stations

  • Freshfield Rail Station

    0.5 miles

    Train · Freshfield

  • Formby Rail Station

    0.8 miles

    Train · Formby

  • Hightown Rail Station

    2.8 miles

    Train · Hightown

  • Ainsdale Rail Station

    3.2 miles

    Train · Ainsdale

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,870
Based on a loan of £371,250 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-5.7% since listed
£495,000£30,000(-5.7%)
03/10/2026
Current price
£525,000Initial listing
11/09/2026

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