Burrow Drive, Formby, Merseyside, L37 6FF

Attractive Two-Bedroom Home in a Highly Sought-After Formby Location

Highlight Housing, The Affordable Homes Agency, working with L&G Affordable Homes, is pleased to present this beautifully presented Shared Ownership resale two bedroom end of terrace house in Formby, Merseyside. The price shown represents purchasing a 25% share of the property.

Situated within a popular residential area of Formby, this well-presented two-bedroom Shared ownership house offers an excellent opportunity for first-time buyers or downsizers seeking a property in one of Merseyside's most desirable coastal communities.

The house comprises a welcoming entrance hall, a bright and spacious living room, a fitted kitchen with ample storage and workspace, and two well-proportioned bedrooms, the master bedroom benefiting from an en-suite bathroom. The property is complemented by a family bathroom, private rear garden and 2 off-road parking spaces, creating a practical and comfortable home for modern living.

Financial Breakdown:

• Full Market Value: £240,000
• 25% Share Value: £60,000
• Rent on unowned share: £442.32 per month
• Estate charge: £11.42 per month
• Buildings insurance £16.74per month
• Management fee £31.44 per month
• Lease Length: Approximately 988 years remaining

Local Area:

Formby is renowned for its excellent blend of village charm, coastal scenery and convenient amenities. Residents enjoy easy access to Formby Village, which offers a wide selection of supermarkets, independent retailers, cafés, restaurants and everyday services. The area is also home to highly regarded schools, leisure facilities and healthcare services, making it particularly popular with families.

Nature lovers will appreciate the close proximity to the National Trust's Formby Beach which is under 15 minutes drive away and Pinewoods, famous for their stunning coastline, sand dunes and walking trails. The area provides an abundance of outdoor recreational opportunities throughout the year.

Location & Transport

The property benefits from excellent transport links, with Formby Railway Station just 6 minutes drive away, providing regular Merseyrail services to Liverpool City Centre and Southport, making commuting straightforward and convenient.

Road connections are equally strong, with easy access to the A565 coastal route, offering links to Liverpool, Southport and the wider motorway network. Regular local bus services also serve the area, connecting residents to neighbouring towns and key destinations across Sefton.

Eligibility Criteria:

• Have a gross household income of no more than £80,000 per annum.
• Be unable to purchase a suitable home to meet your housing needs on the open market.
• Not already own a home or you will have sold your current home before you purchase.
• Meet one of the standard criteria, such as being a first time buyer or forming a new household

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.