3 Bed Bungalow, Refurb/BRRR, Ormskirk, L39 3NB, £225,000

Brighouse Close, Ormskirk, L39 3NB - 2 views - a year ago

Refurb/BRRR
ROI: 1%
~95 m²
+8 photos

ValuationFair Value

Sold Prices£124.5K - £410K
Sold Prices/m²£1.7K/m² - £3.9K/m²

 

 

Square Metres

~94.89 m²
Price/m²£2.4K/m²

Value Estimate

£226,737

 

 

End Value (After Refurb)

£237,225

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£40,123

Bridging Loan Interest

£5,906

Total Cash In

£111,979

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,225

Mortgage (After Refinance)

£177,919

Mortgage LTV

75%

Cash Released

£9,169

Cash Left In

£102,811

Equity

£59,306

Rent Range

£693 - £1,400

Rent Estimate

£1,027

Running Costs/mo

£967

Cashflow/mo

£60

Cashflow/yr

£723

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £124.5K to £410K, average is £230K. £1.7K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£175K07/210.02 mi5, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£315K10/230.02 mi7, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£235K10/200.02 mi1, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£410K03/240.02 mi17, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£238K08/210.09 mi47, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£220K03/210.09 mi33, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£250K03/210.1 mi41, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£167.5K05/210.1 mi51, Halsall Lane, Ormskirk, Lancashire L39 3AT3
£210K10/230.11 mi46, Rosecroft Close, Ormskirk, Lancashire L39 1QN3
£230K02/210.11 mi22, Rosecroft Close, Ormskirk, Lancashire L39 1QN3
£242.5K10/230.11 mi4, Rosecroft Close, Ormskirk, Lancashire L39 1QN3
£178K12/220.18 mi33, Cotton Drive, Ormskirk, Lancashire L39 3AY3
£210K10/200.23 mi116, Redgate, Ormskirk, Lancashire L39 3NY3
£210K10/210.23 mi8, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£160K02/210.23 mi4, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£185K04/210.23 mi20, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£210K05/240.23 mi4, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£230K09/230.23 mi188, County Road, Ormskirk, Lancashire L39 3LY3
£174.9K05/210.25 mi5, Tennyson Drive, Ormskirk, Lancashire L39 3PJ3
£225K09/210.26 mi177, Redgate, Ormskirk, Lancashire L39 3NW3
£410K11/220.3 mi134, Cottage Lane, Ormskirk, Lancashire L39 3NJ3
£340K11/220.31 mi2, Whiterails Mews, Ormskirk, Lancashire L39 8RQ3
£170K05/210.31 mi16, Pennington Avenue, Ormskirk, Lancashire L39 1NQ3
£222.5K02/210.31 mi35, Courtfield, Ormskirk, Lancashire L39 1LA3
£237.5K09/230.31 mi29, Courtfield, Ormskirk, Lancashire L39 1LA3
£203K11/200.33 mi6, Beechwood Drive, Ormskirk, Lancashire L39 3NX3
£174K03/210.33 mi54, Beechwood Drive, Ormskirk, Lancashire L39 3NX3
£278K12/220.33 mi61, Highfield Road, Ormskirk, Lancashire L39 1NP3
£330K01/230.34 mi101, Cottage Lane, Ormskirk, Lancashire L39 3NF3
£210K07/230.35 mi44, Scarisbrick Street, Ormskirk, Lancashire L39 1QF3
£275K10/230.37 mi81, County Road, Ormskirk, Lancashire L39 1NL3
£227K03/210.37 mi73, County Road, Ormskirk, Lancashire L39 1NL3
£275K05/230.37 mi15, Court Green, Ormskirk, Lancashire L39 1LH3
£173.5K04/210.37 mi76, Redgate, Ormskirk, Lancashire L39 3NR3
£232.5K08/210.38 mi107, Burscough Street, Ormskirk, Lancashire L39 2EL3
£124.5K12/200.38 mi24, Owen Avenue, Ormskirk, Lancashire L39 1QB3
£146.5K05/230.38 mi4, Owen Avenue, Ormskirk, Lancashire L39 1QB3
£230K02/230.39 mi8, Farrington Drive, Ormskirk, Lancashire L39 1NB3
£230K03/210.4 mi38, Highfield Road, Ormskirk, Lancashire L39 1NR3
£291K12/210.4 mi57, Highfield Road, Ormskirk, Lancashire L39 1NP3
£300K03/230.4 mi40, Grimshaw Lane, Ormskirk, Lancashire L39 1PD3
£320K12/230.41 mi44, Highfield Road, Ormskirk, Lancashire L39 1NR3
£291.1K06/230.41 mi40, Highfield Road, Ormskirk, Lancashire L39 1NR3
£224K04/240.41 mi10, Highfield Road, Ormskirk, Lancashire L39 1NR3
£275K11/220.41 mi140, Aughton Street, Ormskirk, Lancashire L39 3LQ3
£267.5K04/240.41 mi22, Hillcrest Road, Ormskirk, Lancashire L39 1NH3
£237.5K11/220.41 mi28, Hillcrest Road, Ormskirk, Lancashire L39 1NH3
£201K04/210.43 mi44, Redgate, Ormskirk, Lancashire L39 3NP3
£265K07/230.43 mi16, Redgate, Ormskirk, Lancashire L39 3NP3
£237K07/230.45 mi21, Redgate, Ormskirk, Lancashire L39 3NN3

Local Rents

14 rents from £693/mo to £1.4K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£97504/240.25 miTennyson Drive, Ormskirk3
£69305/240.34 miSovereign Court, Derby Street, Orskirk3
£97504/240.38 miFairfield Drive, Ormskirk3
£1,30005/240.41 miHighfield Road, Ormskirk3
£1,00001/250.44 mi-3
£95012/240.47 miSt. Annes Road, Ormskirk3
£1,10004/240.55 miFurness Avenue, Ormskirk3
£1,20012/240.63 mi-3
£95004/240.69 miOak Green, Ormskirk3
£92501/240.74 mi-3
£82505/240.77 miSephton Drive, Ormskirk3
£1,05002/250.91 mi-3
£1,20004/240.93 miRedsands, Aughton, Ormskirk, Lancashire, L39 4SG3
£1,40012/241.17 miLiverpool Road, Aughton3

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £225,000

April 15, 2024

Floor Plans

Description

  • NO UPWARD CHAIN +
  • TRUE BUNGALOW +
  • LIVING ROOM +
  • KITCHEN +
  • DINING ROOM/ADDITIONAL BEDROOM +
  • TWO FURTHER BEDROOMS +
  • FAMILY BATHROOM +
  • GARDENS FRONT & REAR +
  • GARAGE & DRIVEWAY +
  • CLOSE TO ORMSKIRK TOWN CENTRE +

**SUMMARY ** NO UPWARD CHAIN  ATTENTION INVESTORS!! Semi-detached true bungalow situated on Brighouse Close, Ormskirk convenient for Ormskirk town centre and all its associated amenities.  Accommodation comprises of an entrance hall, living room, kitchen, dining room/additional bedroom, two further bedrooms and a family bathroom.  Externally there are gardens to the front and rear, driveway providing off road parking and a single garage.  Viewings are highly recommended to appreciate what this property has to offer.  PORCH UPVC front door leading into entry, tiled flooring, meter cupboard.  Part glazed door to entrance hall.  HALLWAY - 3.35m x 3.12m (10'11" x 10'2")  LIVING ROOM - 4.95m x 3.4m (16'3" x 11'2") Bay window to the front aspect.  Living flame fire set in marble hearth and wooden mantle.  TV point.  Telephone point.  KITCHEN - 2.39m x 3.68m (7'10" x 12'1") Matching wall and base units, stainless steel sink unit with drainer, electric hob with extractor hood above.  Integrated double oven.  Plumbing and space available for a washing machine, dishwasher and fridge/freezer.  Tiled Walls.  Window to the side aspect.  Patio door to the rear.  BEDROOM ONE - 3.89m x 3.4m (12'9" x 11'2") Sliding door to the rear aspect.  Over bed storage cupboards.  Dressing area.  DINING ROOM/BEDROOM TWO - 3.63m x 3.23m (11'11" x 10'7") Patio door to the rear aspect.  BEDROOM THREE - 3.23m x 3.1m (10'7" x 10'2") Window to the front aspect.  FAMILY BATHROOM - 2.57m x 2.08m (8'5" x 6'10") Bathroom suite comprising bath with shower attachment, cabinet shower, pedestal hand washbasin, WC, ladder radiator, extractor fan.   Tiled walls.  Ceiling spotlights.   Window to the side aspect.  OUTSIDE FRONT GARDEN Walled front garden with lawn area, mature shrubs and block paved driveway providing off road parking.  REAR GARDEN Enclosed rear garden with block paved patio area, lawn, mature shrubs and fenced surround.  GARAGE - 5.59m x 2.62m (18'4" x 8'7") Single garage, space for storage, power and lighting.  ADDITIONAL INFORMATION The property has a gas central heating system and double glazing.    Please note the property requires modernisation.  LOCAL AUTHORITY West Lancashire Borough Council, Council Tax - Band D.  ENERGY PERFORMANCE RATING The property's current energy rating is TBC.  It has the potential to be TBC.  SERVICES (NOT TESTED) No tests have been made of mains services, heating systems or associated appliances and neither has confirmation been obtained from the statutory bodies of the presence of these services. We cannot therefore confirm that they are in working order and any prospective purchaser is advised to obtain verification from their solicitor or surveyor. VIEWINGS Viewing strictly by appointment through the Agents.

Agent Details

Ian Anthony Estates, Ormskirk

01695 317402

Next Steps?

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