The asking price of £1,500,000 for a property requiring extensive renovation, even with a sizable plot and favourable location, is relatively high considering the absence of comparable recently sold properties with similar specifications in the area. However, given the land size and location, the price could be justified to a buyer willing to invest in the refurbishment. The price falls in the middle range as the value for money is dependent on the buyer’s renovation budget and intentions.

Based on the provided photos, the existing property appears to be in need of significant modernisation or refurbishment. While the structure seems sound, the exterior and interior finishes suggest an outdated style and potential need for repairs. This is reflected in a lower condition score, indicating considerable work may be needed to bring the property to a high standard.

Formby is a highly desirable coastal town in Merseyside, known for its excellent schools, beautiful beaches, and convenient transport links. The proximity to several well-regarded primary and secondary schools, along with its relatively close distance to Freshfield and Formby train stations (offering Merseyrail connections to Liverpool and beyond), makes this a highly sought-after area. The location scores high due to this combination of factors, appealing to families and those seeking a high quality of life.

The property boasts a substantial amount of land, as evidenced by the site plan and photographs showing extensive gardens. This large plot is a significant advantage in a desirable area like Formby, where properties with ample outdoor space command higher values. The size of the land positively impacts the overall score.