2 Bed Flat, Single Let, Ormskirk, L39 4PS, £244,950

Grammar School Gardens, Ormskirk, L39 4PS - a year ago

Leasehold
BTL
~88 m²
+12 photos

ValuationOvervalued

Sold Prices£49K - £230K
Sold Prices/m²£1.1K/m² - £4.4K/m²

 

 

Square Metres

~88 m²
Price/m²£2.8K/m²

Value Estimate

£196,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,238

Stamp Duty & Legal Fees

£13,448

Total Cash In

£74,685

 

 

Cash Out

 

Rent Range

£520 - £1,400

Rent Estimate

£520

Running Costs/mo

£889

Cashflow/mo

£-369

Cashflow/yr

£-4,434

Gross Yield

3%

Local Sold Prices

35 sold prices from £49K to £230K, average is £127.5K. £1.1K/m² to £4.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£230K03/240.04 miCramlington House, Apartment 15, Grammar School Gardens, Ormskirk, Lancashire L39 4PT2
£215K05/220.04 miApartment 11, Cramlington House, Grammar School Gardens, Ormskirk, Lancashire L39 4PT2
£62.5K10/200.05 mi6, Millers Court, Ormskirk, Lancashire L39 4XF2
£51K05/220.06 mi4, Millers Court, Ormskirk, Lancashire L39 4XF2
£146K07/230.08 mi16, Grammar School Court, Ormskirk, Lancashire L39 4PY2
£228K09/210.09 mi10, Grammar School Court, Ormskirk, Lancashire L39 4PY2
£180K03/210.09 mi19, Grammar School Court, Ormskirk, Lancashire L39 4PY2
£170K02/220.09 mi15a, Grammar School Court, Ormskirk, Lancashire L39 4PY2
£170K06/220.09 mi25, Grammar School Court, Ormskirk, Lancashire L39 4PY2
£180K12/200.09 mi8, Grammar School Court, Ormskirk, Lancashire L39 4PY2
£127.5K02/220.18 mi1, Norfield, Ormskirk, Lancashire L39 2XR2
£140K06/230.18 mi14, Norfield, Ormskirk, Lancashire L39 2XR2
£63K07/210.27 mi6, Chapel Moss, Ormskirk, Lancashire L39 4XE2
£122K12/200.34 miApartment 15, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL2
£122.5K09/210.34 miApartment 12, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL2
£122K01/210.34 miApartment 5, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL2
£135K02/230.35 miApartment 19, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL2
£129K10/230.66 miFlat 8, The Fountains, Green Lane, Ormskirk, Lancashire L39 1ND2
£142K08/230.66 miFlat 28, The Fountains, Green Lane, Ormskirk, Lancashire L39 1ND2
£150K03/230.66 miFlat 52, The Fountains, Green Lane, Ormskirk, Lancashire L39 1ND2
£150K11/200.66 miFlat 5, The Fountains, Green Lane, Ormskirk, Lancashire L39 1ND2
£149K02/230.66 miFlat 23, The Fountains, Green Lane, Ormskirk, Lancashire L39 1ND2
£49K04/210.76 miFlat 27, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£127.5K09/220.76 miFlat 27, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£93.5K09/210.77 miFlat 28, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£112K11/220.77 miFlat 22, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£100K04/230.77 miFlat 11, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£145K03/230.77 miFlat 6, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£105K04/210.77 miFlat 21, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£96K09/220.77 miFlat 29, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX2
£110K05/210.79 mi9, Halsall Court, Ormskirk, Lancashire L39 3PU2
£123K05/220.8 mi5, Halsall Court, Ormskirk, Lancashire L39 3PU2
£115K06/210.81 mi32, Alexandra Mews, Ormskirk, Lancashire L39 1RH2
£122.5K06/230.81 mi19, Alexandra Mews, Ormskirk, Lancashire L39 1RH2
£123K06/220.81 mi38, Alexandra Mews, Ormskirk, Lancashire L39 1RH2

Local Rents

36 rents from £520/mo to £1.4K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,20005/240.04 miCramford House, Ormskirk2
£1,25002/240.04 miRuff Lane, Ormskirk, Lancashire, L39 4PT2
£75004/240.07 miMill Street ORMSKIRK2
£85004/240.08 miGrammar School Court, Ormskirk2
£90012/230.13 mi-2
£52005/240.14 miKnowsley Road, Ormskirk, 2
£75005/240.2 miWigan Road, Ormskirk, Lancashire, L39 2AS2
£55005/240.2 miWigan Road, Ormskirk, Lancashire, L39 2AS2
£90005/240.22 miChapel Street, Ormskirk, L39 4QF2
£62805/240.22 miStanley Street, Ormskirk, 2
£55005/240.22 miOrmskirk, Lancashire, L39 2DE2
£97505/240.22 miSt. Helens Road, Ormskirk, L39 4QL2
£85003/250.23 mi-2
£75005/240.28 miAlexander Court Station Approach ORMSKIRK2
£73205/240.32 miSovereign Court, Derby Street, Ormskirk2
£71104/240.32 miSovereign Court, Derby Street, Ormskirk2
£71505/240.35 miAlexander House, Ormskirk, 2
£67205/240.35 mi2a AUGHTON STREET, ORMSKIRK, LANCASHIRE2
£65012/240.36 miBurscough Street, Ormskirk, L392
£1,40001/250.36 mi-2
£73205/240.37 miThe Suites, 6-8 Aughton Street, Ormskirk2
£92504/240.37 miChestnut Court, Ormskirk, L39 2JB2
£85004/240.38 miBridge Street, Ormskirk2
£90005/240.38 miBridge Street, Ormskirk2
£55002/250.39 mi-2
£70605/240.41 miThompson Avenue, Ormskirk, 2
£90003/250.42 mi-2
£1,05001/250.45 mi-2
£55004/240.46 miBurscough Street, Ormskirk, L39 2EY2
£80004/240.47 miHants Lane, Ormskirk, Lancashire, L39 1PX2
£80005/240.47 miHants Lane, Ormskirk2
£1,35004/240.48 miApartment Vicarage Walk, Ormskirk2
£72504/240.52 miAshcroft Avenue ORMSKIRK2
£72805/240.52 miScarisbrick Street, Ormskirk, 2
£85004/240.58 mi-2
£52005/240.62 miMalthouse Court, Green Lane, Ormskirk2

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.42 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £244,950

October 24, 2023

Floor Plans

Description

A stunning two Bedroom second floor apartment situated in the much sought after Grammar School Gardens development just off Ruff Lane close to the heart of historic Ormskirk.

Situated overlooking the prestigious and tree lined Ruff Lane, Ormskirk, the property is ideally located within close proximity of Ormskirk railway and bus stations which are located within walking distance and provide direct access into Liverpool City Centre. Ormskirk town centre with its wide variety of shops, supermarkets, restaurants, bistros and bars along with its bustling twice weekly markets is also situated close by, as are Ormskirk Hospital, Primary and high schools.

The A59 and M58 both of which provide excellent transport links are located within a short drive. as are Edge Hill University -accessed via Ruff Lane -, Coronation Park, Ormskirk Leisure centre and pool and a wide variety of further amenities.

The accommodation which is immaculately presented and provides a spacious, bright and flexible layout briefly comprises; Secure communal hallway with lift and stairs to all floors, entrance hallway, lounge/dining, modern fitted kitchen, two well proportioned bedrooms and modern Jack & Jill family shower suite. To the exterior are extensive and well maintained communal gardens for residents usage and allocated parking with secure electric gate entry to the main parking area.

The property further benefits from the addition of central heating and double glazing throughout.

As we envisage high levels of interest and demand from the outset, please contact us today to arrange a convenient time to view.

Accommodation -

Ground Floor -

Communal Hallway - Secure intercom access system provides access into the communal hallway upon the ground floor. A Lift and stairs provide access to higher floors.

Second Floor -

Apartment 11 - The property is accessed from the second floor communal landing area.

Entrance Hallway - A long, light hallway provides access to all accommodation within the apartment.

Lounge/Diner - A large double glazed bay window and secondary window provide views over the prestigious Ruff Lane and development communal gardens. Radiator panels, tv point, ceiling lighting.

Fitted Kitchen - 3.99 x 2.49 (13'1" x 8'2") - Fitted with a modern and comprehensive range of wall and base units together with contrasting work surfaces, integrated appliances, splash backs and flooring, with recessed ceiling spot lights throughout, integrated hob, oven & extractor hood, sink and drainer unit,

Bedroom 1 - 4.43 x 3.40 max (14'6" x 11'1" max) - Double glazed windows to the side elevation, radiator panel & ceiling lighting. A secondary internaldoor leads into the Jack & Jill shower suite.

Bedroom 2 - 3.39 x 2.85 (11'1" x 9'4") - Double glazed windows to the side elevation, radiator panel & ceiling lighting.

Shower Suite - 2.18 x 1.91 (7'1" x 6'3") - Fitted with a modern white three piece shower suite comprising; double shower enclosure with over head shower and shower screens, low level wc, vanity wash basin and unit below, partially tiled walls, contrasting flooring, double glazed frosted window, ceiling lighting.

Exterior -

Parking - The development benefits from a large and secure parking area with electric gate and secure access. The apartment has it's own dedicated parking within this area.

Communal Gardens - Well presented and well stocked mature communal gardens for the use of residents provide excellent outdoor space and are situated to all elevations. Various seating/quiet areas.

Material Information -

Tenure - LEASEHOLD

Lease Details - DATE: 18 November 2016

TERM: 999 Years from 1 January 2006

Council Tax - As per West Lancs. Council Website: 2023/24

Band: D

Charge: £2133.35

Viewing By Appointment -

Management Charges - The current Management fee is £120.83 per month. This covers the gardening, cleaning and lighting of the communal areas, maintenance of the electric gates and CCTV, Building insurance, lift maintenance and testing of roof and water.
There is also a Ground rent payable of £150 per annum.

Agent Details

Brighouse Wolff, Ormskirk

01695 317408

Next Steps?

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