This adaptable three-bedroom semi-detached bungalow is located in the desirable neighborhood of Derwent Avenue, Formby. With no onward chain, this property represents a promising prospect for those looking to downsize, families, or investors aiming to expand their portfolio with potential for further development. The property is conveniently situated near Formby Village and the scenic National Trust pinewoods and coastline, making daily amenities and beautiful walks easily accessible.<br><br>Internally, the bungalow features flexible living spaces. A welcoming porch transitions into a bright hallway that leads to a spacious lounge. The ground floor includes two good-sized bedrooms; one currently serves as a dining room tailored to the owners' lifestyle. The bathroom is functional and well-maintained, while the breakfast kitchen offers ample space along with direct access to a conservatory overlooking the modest rear garden.<br><br>Upstairs boasts a generous bedroom alongside additional loft storage areas. There is significant potential for converting the loft into additional living space, subject to obtaining necessary planning permissions. This feature allows new owners the chance to personalize the home based on their requirements.<br><br>Outside, there is off-road parking plus pleasant gardens at both the front and back, complemented by a garage that could serve as extra storage or work area.<br><br>This property includes a low peppercorn rent of £12.50 per annum and offers an option to purchase the freehold for £1950 with VAT and legal fees included. Overall, an attractive opportunity in a sought-after location! Early viewings are encouraged.