3-bedroom terraced house · L37 6BA
Sold STCListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting a unique and compelling investment opportunity, this three-bedroom end-of-terrace house in the highly sought-after area of Formby is now available for sale.
Offered at Offers In Region Of (OIRO) £170,000, this property is specifically aimed at developers and cash buyers, providing a blank canvas for a comprehensive renovation project.
The property, while requiring significant modernisation throughout, holds immense potential for transformation into a desirable family home or a lucrative resale.
Its end-of-terrace position is a distinct advantage, often allowing for greater flexibility in terms of extensions and alterations compared to mid-terrace properties.
Prospective buyers will be particularly interested in the scope to extend, subject to obtaining the necessary planning permission, which could substantially increase the property's footprint and value.
Internally, the house currently comprises three double bedrooms, offering generous sleeping accommodation.
The existing layout includes one bathroom with separate WC and one reception room, providing a functional starting point for redesign.
The spacious kitchen is a notable feature, complemented by a handy coal/store room, which could be reconfigured to create a larger, open-plan living space or utility area, depending on the buyer's vision.
Externally, the property benefits from a good size garden, offering valuable outdoor space for landscaping, entertaining, or further development, again subject to planning.
The garden's size provides ample room for a rear extension without compromising too much on outdoor amenity.
Located in Formby, a popular Merseyside town known for its beautiful coastline, excellent local amenities, and good transport links, this property is ideally situated.
Formby offers a range of shops, schools, and leisure facilities, making it an attractive location for a wide demographic of potential future occupants or buyers.
The area's strong property market further enhances the investment appeal of this renovation project.
This property is being sold with no onward chain, simplifying the purchasing process and allowing for a quicker completion.
This is an ideal scenario for developers looking to commence work without delay.
Given the extensive renovation required, interested parties are strongly advised to conduct thorough due diligence and consider all associated costs.
In summary, this Formby end-of-terrace house represents a superb opportunity for those with a keen eye for development and a readiness to invest in a property with significant upside potential.
Its three double bedrooms, scope for extension, good size garden, and no chain status make it a highly attractive proposition for cash buyers and developers seeking their next project.
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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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 advisors before making any investment decisions.
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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 Royal Crescent, Formby, Merseyside, L37 6BA
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