Stratton & King Ltd says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom retirement property located on Lonsdale Road in Formby, Merseyside. It has a total area of 756.70 sqft and is listed at £240,000. The property benefits from communal gardens, as shown in the provided images. The interior appears modern and well-maintained, with a contemporary kitchen and bathroom. The location is convenient, with nearby transportation links (Formby train station is 1.03km away) and several well-regarded schools within a reasonable distance. Several other retirement properties in the immediate vicinity have recently sold for prices ranging from £169,000 to £195,000. However, nearby semi-detached properties are selling for significantly more, between £223,000 and £395,000. The average price for properties in the area is £514,765, with an average price per sqft of £294. Given the smaller size and retirement property designation, the list price of £240,000 appears to be at the higher end of the range for similar properties in the area but is still within a reasonable range considering the condition and location. The lack of plot size information, however, prevents a full assessment of the land value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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