2 Bed Bungalow, Single Let, Ormskirk, L39 4PY, £209,950

21, Grammar School Court, Ormskirk, L39 4PY - 6 months ago

Leasehold
BTL
~65 m²
+9 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,488

Stamp Duty & Legal Fees

£11,698

Total Cash In

£64,185

 

 

Cash Out

 

Rent Range

£520 - £1,400

Rent Estimate

£520

Running Costs/mo

£780

Cashflow/mo

£-260

Cashflow/yr

£-3,121

Gross Yield

3%













Local Rents

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

RentDateDistanceAddressBeds 
£85004/240.05 miGrammar School Court, Ormskirk2
£75004/240.06 miMill Street ORMSKIRK2
£1,20005/240.06 miCramford House, Ormskirk2
£1,25002/240.06 miRuff Lane, Ormskirk, Lancashire, L39 4PT2
£52005/240.11 miKnowsley Road, Ormskirk, 2
£90012/230.14 mi-2
£90005/240.18 miChapel Street, Ormskirk, L39 4QF2
£97505/240.18 miSt. Helens Road, Ormskirk, L39 4QL2
£62805/240.2 miStanley Street, Ormskirk, 2
£55005/240.21 miOrmskirk, Lancashire, L39 2DE2
£75005/240.23 miWigan Road, Ormskirk, Lancashire, L39 2AS2
£55005/240.23 miWigan Road, Ormskirk, Lancashire, L39 2AS2
£85003/250.24 mi-2
£75005/240.27 miAlexander Court Station Approach ORMSKIRK2
£73205/240.3 miSovereign Court, Derby Street, Ormskirk2
£71104/240.3 miSovereign Court, Derby Street, Ormskirk2
£71505/240.32 miAlexander House, Ormskirk, 2
£67205/240.32 mi2a AUGHTON STREET, ORMSKIRK, LANCASHIRE2
£65012/240.33 miBurscough Street, Ormskirk, L392
£1,40001/250.33 mi-2
£73205/240.33 miThe Suites, 6-8 Aughton Street, Ormskirk2
£85004/240.34 miBridge Street, Ormskirk2
£90005/240.34 miBridge Street, Ormskirk2
£92504/240.36 miChestnut Court, Ormskirk, L39 2JB2
£55002/250.37 mi-2
£90003/250.4 mi-2
£70605/240.44 miThompson Avenue, Ormskirk, 2
£1,35004/240.44 miApartment Vicarage Walk, Ormskirk2
£80004/240.45 miHants Lane, Ormskirk, Lancashire, L39 1PX2
£80005/240.45 miHants Lane, Ormskirk2
£55004/240.45 miBurscough Street, Ormskirk, L39 2EY2
£1,05001/250.48 mi-2
£72805/240.5 miScarisbrick Street, Ormskirk, 2
£72504/240.51 miAshcroft Avenue ORMSKIRK2
£85004/240.56 mi-2
£52005/240.59 miMalthouse Court, Green Lane, Ormskirk2
£52005/240.61 miHazel Court, Aughton Street, Ormskirk2

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.43 miles away

Nearest school

0.30 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £209,950

November 27, 2024

Listed for £210,000

October 9, 2024

Floor Plans

Description

  • Contemporary 1st class development +
  • Prime location in heart of town +
  • Spacious 1st floor apartment +
  • Two good sized bedrooms +
  • Lovely communal grounds +
  • Ample resident parking +
  • No chain delay +
  • 697 SQ.FT. +

The characterful redevelopment of Ormskirk's historic Grammar School forms the centrepiece of a contemporary development by Dorbcrest Homes.Occupying one of the best spots, sat behind large mature gardens fronting onto Ruff Lane, we are delighted to offer for sale one of the purpose built two bed 1st floor luxury apartments. These apartments have been designed with their own front doors (no communal areas) enhancing their privacy & security and the 1st floor apartments are larger than the ground floor with more internal square footage comprising of a lounge with bay window, separate fitted kitchen fitted with a comprehensive range of quality units and integrated appliances, two excellent bedrooms and full sized bathroom.With all the accommodation on a single floor and with an interior similar in size and layout to that of a bungalow this apartment is perfect for a retiring couple or downsizer wanting a secure low maintenance home that also benefits from a fantastic location in the leafy conservation area of Ruff lane set amongst some of the area's finest homes.The location is excellent being situated within a few minutes' walk of Edgehill University and Ormskirk Hospital making it a fantastic rental opportunity for investors with a similar apartment recently renting for £900 PCM. Alternatively, the property would make a fantastic 'lock up and go' for those who are away a lot but want a low-maintenance & secure home to return to.Further to this the apartment is totally accessible being within easy walking distance to Marks & Spencer and Ormskirk's bustling town centre with its many shops, fine dining and trendy wine bars and also ideal for commuting as there is easy access to motorway and rail networks.The property benefits from double glazing and is warmed by a gas central heating system. A service charge of approximately £109 PCM takes care of all the grounds and gardens which are immaculately maintained and there is ample resident parking on site (parking permits are provided to the residents).We are advised that the tenure is leasehold with 999 lease from Jan 2005. Ground rent is £99 yearly. Service charge is approx £109 each month.

Agent Details

Regan & Hallworth, Wigan

01942 925393

Next Steps?

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