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See how verdicts work2-bedroom flat · L37 3QP
For saleListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the FIRST FLOOR of Hayward Court, this TWO-BEDROOM APARTMENT forms part of an established development specifically for the OVER 55s, with a LIFT, communal facilities and residents’ parking.
The accommodation is simply and practically arranged.
An ENTRANCE HALL leads into the LOUNGE/DINING ROOM, which has defined areas for relaxing and dining, while the adjoining KITCHEN is fitted with a range of units and work surfaces.
There are TWO BEDROOMS, with the second equally suited as a guest room, study or hobby room, together with a SHOWER ROOM.
Hayward Court has a pleasant communal feel, with an attractive RESIDENTS’ LOUNGE providing somewhere to meet and socialise, together with a residents’ LAUNDRY and maintained COMMUNAL GARDENS.
A LIFT serves the development and there is CAR PARKING outside. The apartment is offered through a SHARED OWNERSHIP scheme with Riverside Housing on a 70/30 basis for purchasers aged 55 and over.
No rent is currently charged on the remaining 30% share. The SERVICE CHARGE is £290 PCM and includes HEATING AND HOT WATER, as well as the upkeep of the communal areas and facilities.
For those looking to reduce their reliance on a car, there is a BUS STOP conveniently positioned immediately outside Hayward Court, with the local circular service providing access to FORMBY VILLAGE and the TRAIN STATION.
The property is available with NO ONWARD CHAIN. Additional Information: A new 99-year lease is granted upon purchase. Service charge £290 pcm including heating and hot water.
Council Tax approximately £2,006.09 per annum, with a 25% single-person discount potentially available where eligible.
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 Hayward Court, Watchyard Lane, Formby, L37
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