Property investment stats for Formby, North West

• Investors benefit from strong rental yields of 5.1%, which are competitive for the North West.
• The area has demonstrated resilience in capital values, with capital growth over three years at 13.4% and annualised growth of 4.3%.
• Properties are selling quickly, with a median time on market of 51 days, and buyers are typically paying close to or above asking price (£0 (the typical achieved discount)).

• The private rented sector is very small, sitting in the 9th percentile nationally, which may limit tenant demand and rental market liquidity.
• The local population is heavily skewed towards older residents (95th percentile for over 60s), so there may be limited demand from younger renters or first-time buyers.
• There is little discounting on sales, so investors will need to compete aggressively on price to secure properties.

Looking ahead, Formby’s property market appears stable, underpinned by a very high proportion of owner-occupiers and continued buyer demand reflected in properties achieving their asking prices. The area’s strong capital growth over one and three years (2.4% and 13.4%) reinforces its appeal for investors with a medium to long-term view.

Rental supply is likely to remain tight given the small private rented sector, which could continue to support rental yields of 5.1% for those able to secure properties. However, investors should be mindful that the market is dominated by older residents, and demand from younger tenants is likely to be limited. Overall, Formby offers a blend of stability and moderate growth potential, with opportunities for those able to navigate its unique demographic and supply dynamics.