We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · L37 6FF
Listing removedListed 95 days
Opportunity summary
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About
Attractive Two-Bedroom Home in a Highly Sought-After Formby Location Highlight Housing, The Affordable Homes Agency, working with L&G Affordable Homes, is pleased to present this beautifully presented Shared Ownership resale two bedroom end of terrace house in Formby, Merseyside.
The price shown represents purchasing a 25% share of the property.
Situated within a popular residential area of Formby, this well-presented two-bedroom Shared ownership house offers an excellent opportunity for first-time buyers or downsizers seeking a property in one of Merseyside's most desirable coastal communities.
The house comprises a welcoming entrance hall, a bright and spacious living room, a fitted kitchen with ample storage and workspace, and two well-proportioned bedrooms, the master bedroom benefiting from an en-suite bathroom.
The property is complemented by a family bathroom, private rear garden and 2 off-road parking spaces, creating a practical and comfortable home for modern living.
Financial Breakdown: Full Market Value: £240,000 25% Share Value: £60,000 Rent on unowned share: £442.32 per month Estate charge: £11.42 per month Buildings insurance £16.74per month Management fee £31.44 per month Lease Length: Approximately 988 years remaining Local Area: Formby is renowned for its excellent blend of village charm, coastal scenery and convenient amenities.
Residents enjoy easy access to Formby Village, which offers a wide selection of supermarkets, independent retailers, cafés, restaurants and everyday services.
The area is also home to highly regarded schools, leisure facilities and healthcare services, making it particularly popular with families.
Nature lovers will appreciate the close proximity to the National Trust's Formby Beach which is under 15 minutes drive away and Pinewoods, famous for their stunning coastline, sand dunes and walking trails.
The area provides an abundance of outdoor recreational opportunities throughout the year.
Location & Transport The property benefits from excellent transport links, with Formby Railway Station just 6 minutes drive away, providing regular Merseyrail services to Liverpool City Centre and Southport, making commuting straightforward and convenient.
Road connections are equally strong, with easy access to the A565 coastal route, offering links to Liverpool, Southport and the wider motorway network.
Regular local bus services also serve the area, connecting residents to neighbouring towns and key destinations across Sefton.
Eligibility Criteria: Have a gross household income of no more than £80,000 per annum. Be unable to purchase a suitable home to meet your housing needs on the open market.
Not already own a home or you will have sold your current home before you purchase.
Meet one of the standard criteria, such as being a first time buyer or forming a new household What is Shared Ownership?
Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.
Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%.
Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately. About Highlight Housing We are The Affordable Homes Agency.
Finding an affordable home should not feel impossible.
Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.
With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.
Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.
Shared Ownership Disclaimer Shared Ownership is subject to eligibility, affordability checks and the terms of the lease.
Rent is payable on the share not owned, along with any applicable service charges and other outgoings.
Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection.
All information provided is for guidance only and does not form part of any contract.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About N/A, 6 Burrow Drive, Formby
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