6 Bed HMO, Ormskirk, L39 2DE, £370,000

Derby Street, Ormskirk, L39 2DE - 6 months ago

HMO
ROI: 7%
~163 m²
+14 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£25,700

Total Cash In

£118,200

 

 

Cash Out

 

Room Rate

£542

Gross Rent

£3,252

Running Costs/mo

£2,517

Cashflow/mo

£735

Cashflow/yr

£8,820

ROI

7%

Gross Yield

11%













Property History

Listed for £370,000

September 10, 2024

Floor Plans

Description

  • NO UPWARD CHAIN +
  • SEMI-DETACHED PROPERTY +
  • LIVING ROOM +
  • KITCHEN/DINER +
  • SIX BEDROOMS, TWO COMPRISING EN-SUITE +
  • FAMILY BATHROOM +
  • CELLER +
  • FRONT & REAR GARDEN +
  • GREAT LOCATION +
  • HMO LICENCE +

**SUMMARY ** NO UPWARD CHAIN!  Spacious semi-detached property situated on Derby Street, conveniently located for Ormskirk town centre, all associated amenities and transport links. Ground floor accommodation comprises of an entrance hall, living room, bedroom with en-suite and kitchen/diner whilst to the lower ground floor there is a generous sized cellar. To the first floor there is a master bedroom with en-suite and four further bedrooms and a family bathroom. Externally there is a garden to the front aspect with a large driveway providing off road parking and an enclosed garden to the rear. Property has a HMO licence. Viewings are highly recommended to appreciate what this property has to offer!  **FRONT DOOR & ENTRANCE HALL ** Wooden front door leading into the entrance hall. Staircase leading to the first floor. Door to :-  LIVING ROOM Bay window to the front aspect. Gas fire with surround and mantle. TV point. Wall lighting.    BEDROOM Window to the rear aspect. Door leading to the en-suite comprising WC, hand washbasin, walk in shower.  Extractor fan.  KITCHEN/DINER Window to side aspect, fitted kitchen with a range of matching wall and base units, laminate worktops and stainless steel 1½ sink unit with drainer. Plumbing and space available for electric oven, washing machine, tumble dryer and fridge/freezer.    Breakfast bar.  Space for dining table and chairs.  Part tiled walls and vinyl flooring. Window to the side aspect. Patio doors to the rear aspect leading into the rear garden. Side door.    **LOWER GROUND FLOOR ** Stairs accessed to the lower ground floor from the entrance hall. **CELLAR ** Window to the rear aspect.  Generous room with concrete floor, which make an ideal workshop room.  Power and light. FIRST FLOOR STAIRS AND LANDING Staircase leading to the first floor, split landing.  Doors to :-  BEDROOM Window to the front aspect.  BEDROOM Window to the front aspect.  BEDROOM Window to the side aspect.  BEDROOM Window to the rear aspect.  BATHROOM Window to the side aspect.  Bathroom suite comprising WC, pedestal hand washbasin, walk in shower with power shower attachment, extractor fan, part tiled walls and tiled flooring.  BEDROOM Window to the rear aspect.   Door to :-  EN-SUITE Bathroom suite comprising WC, pedestal hand washbasin, shower, chrome ladder radiator, extractor fan, tiled walls and laminate flooring.   OUTSIDE FRONT GARDEN Low maintenance front aspect with paved driveway providing off road parking.   REAR GARDEN Enclosed rear garden with gravel area and garden shed.  ADDITIONAL INFORMATION the property has a gas central heating system.   Please note the property has solar panels.  ENERGY PERFORMANCE RATING The property's current energy rating is 69C. It has the potential to be 78C.  LOCAL AUTHORITY West Lancashire Borough Council, Council Tax - Band C.  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. TENURE PLEASE NOTE: We cannot confirm the Tenure of this property and any prospective purchaser is advised to obtain verification from their solicitor, mortgage provider or surveyor. VIEWINGS Viewing strictly by appointment through the Agents.

Agent Details

Ian Anthony Estates, Ormskirk

01695 317402

Next Steps?

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