3 Bed Flat, Single Let, Ormskirk, L39 4QE, £200,000

Chapel Street, Ormskirk, L39 4QE - 2 views - 10 months ago

Under Offer
BTL
ROI: 2%
~62 m²
+11 photos

ValuationOvervalued

Sold Prices£105K - £143K
Sold Prices/m²£1.3K/m² - £1.3K/m²

 

 

Square Metres

~62.04 m²
Price/m²£3.2K/m²

Value Estimate

£81,243

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£693 - £1,400

Rent Estimate

£900

Running Costs/mo

£825

Cashflow/mo

£75

Cashflow/yr

£900

ROI

2%

Gross Yield

5%

Local Sold Prices

3 sold prices from £105K to £143K, average is £110K.

PriceDateDistanceAddressBeds 
£105K03/220.38 mi98, Burscough Street, Ormskirk, Lancashire L39 2EX3
£110K04/220.75 mi48, Cotton Drive, Ormskirk, Lancashire L39 3AZ3
£143K03/212.66 mi74, Higgins Lane, Burscough, Ormskirk, Lancashire L40 7SD3

Local Rents

15 rents from £693/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,10004/240.14 miFurness Avenue, Ormskirk3
£95004/240.28 miOak Green, Ormskirk3
£69305/240.34 miSovereign Court, Derby Street, Orskirk3
£1,00001/250.38 mi-3
£1,20012/240.4 mi-3
£92501/240.41 mi-3
£95012/240.44 miSt. Annes Road, Ormskirk3
£1,05002/250.52 mi-3
£1,20004/240.75 miRedsands, Aughton, Ormskirk, Lancashire, L39 4SG3
£1,30005/240.78 miHighfield Road, Ormskirk3
£97504/240.81 miTennyson Drive, Ormskirk3
£97504/240.83 miFairfield Drive, Ormskirk3
£82505/240.92 miSephton Drive, Ormskirk3
£1,40012/241.18 miLiverpool Road, Aughton3
£1,40005/241.21 miEnnerdale Drive, Aughton3

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.53 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £200,000

May 13, 2024

Sold for £165,000

2005

Floor Plans

Description

  • First-Floor Apartment +
  • Three Bedrooms +
  • Circa 668 Square Feet +
  • Stylish Fitted Kitchen +
  • Enclosed Communal Gardens +
  • Driveway Parking +
  • Great Location +

Get ready to fall in love with this charming first floor apartment nestled in the heart of Ormskirk! It’s the perfect location, surrounded by an abundance of incredible amenities that are just a stone’s throw away from your doorstep.

Prepare to be surprised by the spaciousness of the home, with a floor plan spanning almost 670 square feet. The living spaces are bathed in natural light, creating a warm and inviting atmosphere that will make you feel right at home the moment you step inside.

As you enter through the reception hallway, you’ll be greeted by a comfortable lounge that is just perfect for unwinding after a long, hectic day. Picture yourself relaxing on the sofa, enjoying your favorite TV show or indulging in a good book.

The kitchen is a true delight, boasting a stylish range of wall and base units, ample workspace, and integrated appliances. Get ready to channel your inner culinary genius and whip up gourmet meals that will impress even the most discerning of guests. When it’s time to recharge, retreat to one of the three cosy bedrooms, each offering a peaceful sanctuary for relaxation. And with a well-appointed modern bathroom completing the picture, every aspect of your comfort and convenience has been carefully considered.

But wait, there’s more! Step outside and be greeted by the convenience of parking on the block paved driveway, making your life a breeze. And the enclosed communal gardens to the rear are simply divine, featuring lush lawns and beautiful borders. This outdoor oasis is the perfect space to soak up the sun, host gatherings, and create cherished memories with your loved ones.

And let’s not forget about Ormskirk itself! This vibrant little town is bursting with life, exuding an energy that is simply contagious. Explore the charming streets, stumble upon unique shops and boutiques, and immerse yourself in the lively atmosphere that surrounds you at every turn.

Whether you’re a first-time buyer or looking to downsize, this is a fantastic opportunity you don’t want to miss out on. Don’t let it slip through your fingers! Contact us today to arrange a viewing and take the first step towards owning this lovely home.

The property currently achieves an annual rent of £19,200 with scope to increase subject to the new owner's requirements.

Tenure: We are advised by our client that the property is Freehold
Council Tax Band: A

Every care has been taken with the preparation of these property details but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. These property details do not constitute a contract or part of a contract. We are not qualified to verify tenure of property. Prospective purchasers should seek clarification from their solicitor or verify the tenure of this property for themselves by visiting mention of any appliances, fixtures or fittings does not imply they are in working order. Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale. All dimensions are approximate.

Agent Details

Arnold & Phillips, Ormskirk

01695 317473

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪