2-bedroom flat · L37 7DQ
Sold STCListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a convenient position within Piercefield Court, this FIRST FLOOR TWO-BEDROOM APARTMENT is situated within easy reach of Formby Village, local shops, transport links and other everyday amenities.
The accommodation is accessed via its own private entrance with stairs rising to the first floor.
There is a good-sized lounge with a large front-facing window providing plenty of natural light, together with a fitted kitchen offering a range of wall and base units.
There are TWO BEDROOMS, served by a bathroom fitted with a three-piece suite.
Further benefits include gas central heating, double glazing, a garage located within the nearby block and the advantage of being offered with NO ONWARD CHAIN.
Lease Information • Tenure: Leasehold • 999-year lease from 29 July 1976 • Freeholder: Rostron • Ground Rent: £10 per annum • Service Charge: Approximately £500 per annum • Managing Agent: Rostron
Value & comps
No previous sales on record.
Returns
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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 Piercefield Court, Piercefield Road, Formby, L37
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