3-bedroom house · L37 3JU
Listing removedListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**no chain** Situated on a substantial plot in the heart of Formby, this two bedroom semi detached home presents an exciting opportunity for buyers looking to create a property tailored to their own tastes.
Requiring modernisation throughout, the property offers fantastic potential to extend or reconfigure (subject to the necessary planning permissions), with its generous plot and exceptional rear garden providing endless possibilities.
The accommodation briefly comprises an entrance porch leading into a bright living room, separate dining room and kitchen, with a ground floor shower room located to the rear.
To the first floor are two well-proportioned double bedrooms, together with a useful dressing room which could be adapted to suit a variety of needs.
Externally, the property benefits from off-road parking via a private driveway to the front, while the standout feature is undoubtedly the impressive rear garden.
Extending to a remarkable size, this expansive outdoor space offers an ideal setting for families, keen gardeners or those considering extending the property in the future, subject to the relevant permissions.
There is a brick built outhouse with both a sink and toilet perfect for when spending time in the garden.
Offered to the market with tremendous scope for improvement, this is a rare opportunity to acquire a home on such a generous plot in one of Formby’s most sought after residential locations.
Early viewing is highly recommended to fully appreciate the potential on offer.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 20, Watchyard Lane, Merseyside
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