2-bedroom flat · L37 4DU
To rentListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
KAREN PARKS SALES & LETTINGS, ELBOW LANE, FORMBY are pleased to bring to market this two bedroom, two bathroom newly refurbished apartment, providing premium apartment living within Formby village and easy access to all amenities and transport links.
The main entrance is off Chapel Lane, entrance hall with illuminated stairs leading to the first floor and a communal laminate wood floored foyer with a straight skylight shaft providing natural lighting to the room.
To the rear of the building, off the foyer, is the spacious apartment, with white UPVC windows, wooden internal doors, chrome door furniture, black electric radiators.
The apartment comprises; Hallway with laminate wood flooring, cupboard housing the water cylinder and freestanding washing machine.
Off the hallway to the rear are the two large, carpeted bedrooms each with two large south facing windows.
The master bedroom has an ensuite shower room with tiled flooring, wash hand basin vanity unit, WC and shower cubicle with chrome thermostatic dual head bar mixer shower.
The tile floored main bathroom has a white suite: wash hand basin vanity unit, WC and chrome thermostatic dual head bar mixer shower over the bath with panelled walls.
At the end of the hallway is the large open plan kitchen/dining room/lounge with laminate wood flooring and ceiling spot lighting.
Along the back wall there are a range of floor to ceiling units offering ample storage and housing the integrated appliances- two fan assisted ovens, fridge freezer and dishwasher.
In the middle, within the slate worksurface is the sink with matt black mixer tap.
In front is the large island containing 12 deep drawers offering further storage, inserted within the slate worksurface is the five plate ceramic hob with extractor hood above.
At the rear of the room are two large south facing windows providing natural light. Available end of Nov/start of Dec 26.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Chapel Lane, Formby, Liverpool
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