2-bedroom flat · L37 6EP
Sold STCListed 211 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled within the highly sought-after residential area of Formby, Merseyside, this delightful two-bedroom first floor apartment presents an exceptional opportunity for first-time buyers, those looking to downsize, or astute investors.
Offered for sale with offers in excess of £120,000 and available with no onward chain, this property is ready for its new owners to move straight in and make it their own.
Upon entering, you are greeted by a welcoming hallway that leads to all principal rooms.
The apartment boasts two generously proportioned double bedrooms, providing ample space for relaxation and storage.
These rooms are bright and airy, offering a comfortable retreat at the end of the day. The single bathroom is well-appointed and serves both bedrooms efficiently.
The heart of this home is undoubtedly the spacious reception room, which offers a versatile area for living and dining.
Large windows allow natural light to flood the space, creating an inviting atmosphere perfect for entertaining guests or enjoying quiet evenings at home.
Adjacent to the reception room is a modern kitchen, thoughtfully designed with contemporary fittings and ample storage solutions, making meal preparation a pleasure.
One of the standout features of this apartment is its excellent potential.
While already well-maintained, there is scope for personalisation and enhancement, allowing you to truly tailor the space to your individual tastes and requirements.
The property benefits from a remarkably long 999-year lease from its commencement date, providing significant peace of mind for future ownership.
Furthermore, the ground rent is a nominal peppercorn, adding to the financial attractiveness of this offering.
Parking is available on a non-restricted first come first served basis in the immediate area.
The location in Formby is highly desirable, renowned for its beautiful coastline, vibrant village centre, and excellent local amenities.
Residents can enjoy easy access to a range of shops, cafes, restaurants, and recreational facilities.
The area is also well-served by public transport links, including Formby train station, offering convenient connections to Liverpool city centre and beyond.
Reputable schools are within easy reach, making it an ideal location for families.
This apartment represents a fantastic first-time purchase or a solid investment opportunity, given its desirable location, spacious layout, and favourable lease terms.
The absence of an onward chain simplifies the buying process, allowing for a smoother and quicker transaction.
Early viewing is highly recommended to fully appreciate the charm and potential this superb Formby apartment has to 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
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 advisors 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.
Area
Agent & docs
FAQ
About Edinburgh Road, Formby, Merseyside, L37 6EP
Explore nearby