2 Bed Flat, Single Let, Ormskirk, L39 6RH, £140,000

Middlewood Road, Aughton, L39 6RH - 7 months ago

Leasehold

BTL

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£49K - £230K
Sold Prices/m²	£1.1K/m² - £3K/m²

Square Metres	~68.11 m²
Price/m²	£2.1K/m²
Value Estimate	£156,551£156,551
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Total Cash In	£40,400£40,400

Cash Out
Rent Range	£433 - £2,500£433 - £2,500
Rent Estimate	£520
Running Costs/mo	£562£562
Cashflow/mo	£-41£-41
Cashflow/yr	£-498£-498
Gross Yield	4%4%

Local Sold Prices

26 sold prices from £49K to £230K, average is £131.3K. £1.1K/m² to £3K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£172K	03/23	0.79 mi	Flat 2, Rosehill Mansion, Rosehill Drive, Aughton, Ormskirk, Lancashire L39 5AA	-	-	2	Flat
£49K	04/21	1.26 mi	Flat 27, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£127.5K	09/22	1.26 mi	Flat 27, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£93.5K	09/21	1.27 mi	Flat 28, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£112K	11/22	1.27 mi	Flat 22, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£100K	04/23	1.27 mi	Flat 11, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£145K	03/23	1.27 mi	Flat 6, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	£2,568	56	2	Flat
£105K	04/21	1.27 mi	Flat 21, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£96K	09/22	1.27 mi	Flat 29, Hillside Court, Black Moss Lane, Ormskirk, Lancashire L39 4YX	-	-	2	Flat
£122K	01/21	1.7 mi	Apartment 5, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL	-	-	2	Flat
£122K	12/20	1.71 mi	Apartment 15, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL	-	-	2	Flat
£122.5K	09/21	1.71 mi	Apartment 12, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL	-	-	2	Flat
£63K	07/21	1.72 mi	6, Chapel Moss, Ormskirk, Lancashire L39 4XE	£1,105	57	2	Flat
£135K	02/23	1.73 mi	Apartment 19, Bridge House, Bridge Avenue, Ormskirk, Lancashire L39 4PL	-	-	2	Flat
£230K	03/24	1.84 mi	Cramlington House, Apartment 15, Grammar School Gardens, Ormskirk, Lancashire L39 4PT	£2,949	78	2	Flat
£215K	05/22	1.84 mi	Apartment 11, Cramlington House, Grammar School Gardens, Ormskirk, Lancashire L39 4PT	-	-	2	Flat
£228K	09/21	1.85 mi	10, Grammar School Court, Ormskirk, Lancashire L39 4PY	£2,591	88	2	Flat
£180K	03/21	1.85 mi	19, Grammar School Court, Ormskirk, Lancashire L39 4PY	£2,769	65	2	Flat
£170K	02/22	1.85 mi	15a, Grammar School Court, Ormskirk, Lancashire L39 4PY	£2,152	79	2	Flat
£170K	06/22	1.85 mi	25, Grammar School Court, Ormskirk, Lancashire L39 4PY	£3,018	56	2	Flat
£180K	12/20	1.85 mi	8, Grammar School Court, Ormskirk, Lancashire L39 4PY	£2,195	82	2	Flat
£146K	07/23	1.85 mi	16, Grammar School Court, Ormskirk, Lancashire L39 4PY	-	-	2	Flat
£140K	04/23	1.86 mi	136b, Liverpool Road, Lydiate, Liverpool, Merseyside L31 2NB	£2,298	61	2	Flat
£62.5K	10/20	1.91 mi	6, Millers Court, Ormskirk, Lancashire L39 4XF	£1,179	53	2	Flat
£51K	05/22	1.92 mi	4, Millers Court, Ormskirk, Lancashire L39 4XF	-	-	2	Flat
£136.5K	10/22	1.99 mi	2a, Oakhill Cottage Lane, Liverpool, Merseyside L31 2PB	£2,052	67	2	Flat

Local Rents

50 rents from £433/mo to £2.5K/mo, average is £882/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	05/24	0.05 mi	Molyneux Road, Aughton	3	Detached House
£1,250	05/24	0.47 mi	Mickering Lane, Aughton	3	Semi-Detached House
£1,050	12/24	0.62 mi	-	3	Semi-Detached House
£900	12/24	0.64 mi	-	1	Flat
£850	02/25	0.64 mi	-	1	Flat
£1,400	05/24	0.78 mi	Ennerdale Drive, Aughton	3	Semi-Detached House
£2,250	09/21	0.88 mi	The Cambridge 2 Old School Gardens Aughton Park Drive, Ormskirk, Lancashire, L39	4	Detached House
£2,200	05/24	0.88 mi	Aughton Park Drive, Ormskirk, Lancashire, L39	4	Semi-Detached House
£2,000	05/24	0.9 mi	Vine Close, Aughton	5	Semi-Detached House
£1,400	12/24	0.9 mi	Liverpool Road, Aughton	3	Semi-Detached House
£1,200	04/24	1.04 mi	Redsands, Aughton, Ormskirk, Lancashire, L39 4SG	3	Detached House
£2,200	12/24	1.05 mi	-	4	Semi-Detached House
£2,300	04/24	1.22 mi	Chestnut Grange, Ormskirk	5	Detached House
£1,600	12/24	1.22 mi	Holborn Drive, Aughton, L39 3QL	4	Detached House
£2,250	04/24	1.26 mi	Greenfields, Aughton	4	Detached House
£1,200	02/25	1.29 mi	-	2	Flat
£950	12/24	1.49 mi	St. Annes Road, Ormskirk	3	Semi-Detached House
£520	05/24	1.52 mi	Hazel Court, Aughton Street, Ormskirk	2	House
£435	04/24	1.55 mi	Prescot Road, Ormskirk, L39	6	Terraced House
£1,100	04/24	1.61 mi	Furness Avenue, Ormskirk	3	Detached House
£1,000	12/24	1.61 mi	Liverpool Road, Lydiate, L31	2	Bungalow
£672	04/24	1.62 mi	Garnett Green, Ormskirk, L39	4	Detached House
£563	05/24	1.65 mi	Cottage Lane, Ormskirk, Lancashire, L39	6	Detached House
£900	05/24	1.69 mi	Bridge Street, Ormskirk	2	Terraced House
£850	04/24	1.69 mi	Bridge Street, Ormskirk	2	Terraced House
£725	04/24	1.69 mi	Park Avenue, Ormskirk	1	Flat
£900	05/24	1.74 mi	Chapel Street, Ormskirk, L39 4QF	2	Terraced House
£1,400	04/24	1.79 mi	Simonswood Lane, Bickerstaffe	2	Detached House
£555	04/24	1.81 mi	Knowsley Road, Ormskirk,	4	Flat
£650	03/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£585	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£732	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	2	Flat
£888	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	1	Flat
£854	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	1	Flat
£875	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	1	Flat
£650	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£724	05/24	1.81 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£975	05/24	1.82 mi	St. Helens Road, Ormskirk, L39 4QL	2	Flat
£433	05/24	1.82 mi	St Helens Road, Ormskirk,	9	House
£563	04/24	1.82 mi	St Helens Road, Ormskirk, Lancashire	9	Flat
£628	05/24	1.83 mi	Aughton Street, Ormskirk	5	Flat
£823	05/24	1.83 mi	The Old Post Office, Ormskirk,	1	Flat
£823	05/24	1.83 mi	The Old Post Office, Ormskirk,	1	Flat
£1,250	02/24	1.84 mi	Ruff Lane, Ormskirk, Lancashire, L39 4PT	2	Flat
£1,200	05/24	1.84 mi	Cramford House, Ormskirk	2	Flat
£628	04/24	1.85 mi	Christina House, St Helens Road	4	Flat
£850	04/24	1.85 mi	Grammar School Court, Ormskirk	2	Flat
£715	05/24	1.85 mi	Alexander House, Ormskirk,	2	Flat
£672	05/24	1.85 mi	2a AUGHTON STREET, ORMSKIRK, LANCASHIRE	2	Flat
£725	04/24	1.86 mi	Liverpool Road, Lydiate, Liverpool, L31 2NB	2	Flat

Local Area Statistics

Population in L39	28,09128,091
Population in Ormskirk	46,18246,182
Town centre distance	2.26 miles away2.26 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.02 miles away0.02 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £140,000

August 17, 2024

Description

Two Bedroom Apartment +
Ground Floor +
Modern Fitted Kitchen +
Fantastic Transport Links +
Attention First Time Buyers +
Communal Gardens +
Two Double Bedrooms +
Fantastic Local Amenities +
NO CHAIN +
Viewings Available Upon Request +

Churcher Estates are proud to present this stunning purpose built and well presented 2 bedroom ground floor apartment set in a much sought after area within very close proximity of Town Green Railway station, shops, bistro's and amenities.

The property is situated in the ever popular Arnian Court development adjacent to Town Green Rail station and therefore enjoys a very desirable location whilst being ideally situated for numerous local amenities. The station provides excellent access into Liverpool City Centre. Making this apartment perfect for professionals and commuters alike. Access to the Motorway Network M58 / M57 is also situated nearby, whilst Ormskirk town centre and it's variety of Supermarkets, shops, restaurants and bars is also set within a short drive or train hop. Edge Hill University, Coronation park, leisure centre and Ormskirk Hospital are also located locally.

The accommodation which is well presented throughout, briefly comprises, Communal hallway which leads you into the apartment itself. There is a lounge with a large window allowing ample natural light to flow through the room. A modern fitted kitchen with black cupboards and contrasting worktops really sets the tone. Two double bedrooms & modern shower suite. To the exterior are Communal Garden areas surrounding the property. The exterior elements of the property have well maintained and well stocked communal garden areas - the majority of which are laid to lawn with ornamental flower, shrub & tree borders along with washing areas and patio/seating area's.

There is a service charge payable of £1010.20 per annum and this includes the cost of insuring and maintaining the building, Cleaning and lighting of communal areas and gardening services.

Tenure - LEASEHOLD.

DATE: 31 July 1963

TERM: 999 Years From 24 June 1962

GROUND RENT: £8

Management Fees - We have been advised by the vendor that the current management fee is £1010.20 per annum.

Council Tax - West Lancs. Council 2024/25

Band: B

Charge: £1754.17

Agent Details

Churcher Estates, Burscough

01704 333356

Next Steps?

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