The list price of £450,000 seems reasonable considering the location. Comparable properties in the area appear to range widely in price, with some newer and more modern properties commanding significantly higher prices. Taking into account the need for modernisation and the relatively small garden size, the price strikes a balance between location value and required refurbishment costs. However, without precise square footage data for nearby properties, a definitive assessment of value per square foot is not feasible.

The property shows its age. While structurally sound, the interior finishes appear dated and in need of modernisation. The kitchen and bathrooms especially require updating. Although the property appears to be well-maintained structurally, the overall aesthetic requires significant improvements. The overall condition is above average for a property needing renovation.

Formby is a highly desirable area in Merseyside, known for its excellent schools, beautiful surroundings, and proximity to the coast. The property’s location on Gorse Way places it within easy reach of local amenities and transport links, contributing to a strong location score. The nearby schools, particularly St. Jerome’s Catholic Primary and Woodlands Primary, both rated ‘Good’ by Ofsted, further enhance the desirability of this location.

The property has a garden, but based on the images, it seems relatively small and requires significant landscaping. The lack of precise plot size measurements makes it difficult to accurately assess the land, resulting in a moderate score. While there is outdoor space, it is not extensive, hence the moderate score.