The listed price of £165,000 seems moderately reasonable, considering the property’s size and location in Formby. However, the significant need for renovation needs to be factored in; reducing its market value compared to properties in better condition. While nearby streets show a range of prices the lack of square foot data for these makes an accurate comparison difficult. The relatively low price of the property compared to many of the nearby listings may be justified by the condition, lack of modern features and need for renovation.

The property requires significant renovation. While the kitchen has been recently updated, other areas, such as the bedrooms and hallway, show considerable wear and tear, outdated decor and potential damp issues. The overall aesthetic needs a full refurbishment to reach a modern standard.

Formby is a desirable coastal town in Merseyside, known for its good schools, proximity to the beach, and relatively affluent atmosphere. The property’s location on Victoria Road places it within walking distance of Freshfield train station, providing easy access to Liverpool and other areas. The presence of nearby good-rated schools further enhances its appeal to families. However, the immediate vicinity shown in the photos appears somewhat less appealing than other parts of Formby, with proximity to a level crossing and some less attractive commercial businesses.

The property includes a garden, which is a positive feature, however it appears to be relatively small and in need of landscaping. The size is not explicitly stated but based on the photos it does not represent a significant amount of land compared to other properties in Formby.