2 Bed Bungalow, Refurb/BRRR, Ormskirk, L39 3NU, £245,000

Beechwood Drive, Ormskirk, Lancashire, L39 3NU - 5 months ago

Sold STC
Refurb/BRRR
~77 m²
+8 photos

ValuationOvervalued

Sold Prices£115K - £480K
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~77.20 m²
Price/m²£3.2K/m²

Value Estimate

£185,481

 

 

End Value (After Refurb)

£224,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£13,450

Refurb Costs

£32,643

Bridging Loan Interest

£6,431

Total Cash In

£115,524

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£224,000

Mortgage (After Refinance)

£168,000

Mortgage LTV

75%

Cash Left In

£115,524

Equity

£56,000

Rent Range

£520 - £1,400

Rent Estimate

£854

Running Costs/mo

£891

Cashflow/mo

£-37

Cashflow/yr

£-442

Gross Yield

4%

Local Sold Prices

53 sold prices from £115K to £480K, average is £195K. £1.6K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£338.3K11/230.03 mi5, Ash Close, Ormskirk, Lancashire L39 3PB2
£213K11/220.04 mi118, Cottage Lane, Ormskirk, Lancashire L39 3NJ2
£292.5K11/210.08 mi80, Cottage Lane, Ormskirk, Lancashire L39 3NJ2
£230K01/230.09 mi36, Redgate, Ormskirk, Lancashire L39 3NP2
£185K10/200.11 mi17, Redwood Drive, Ormskirk, Lancashire L39 3NS2
£215K02/240.11 mi22, Redwood Drive, Ormskirk, Lancashire L39 3NS2
£187.5K05/230.25 mi17, Holborn Hill, Ormskirk, Lancashire L39 4SU2
£274K01/240.28 mi29, Cottage Lane, Ormskirk, Lancashire L39 3NE2
£220K02/210.28 mi15, Cottage Lane, Ormskirk, Lancashire L39 3NE2
£265K03/210.33 mi3, Hillside Avenue, Ormskirk, Lancashire L39 4TD2
£195K08/230.34 mi3, Brook Farm Close, Ormskirk, Lancashire L39 4YA2
£195K11/220.36 mi39, Dyers Lane, Ormskirk, Lancashire L39 4RN2
£268K02/240.37 mi25, Brighouse Close, Ormskirk, Lancashire L39 3NA2
£192.5K05/210.38 mi13, Ryburn Road, Ormskirk, Lancashire L39 4SB2
£185K10/200.38 mi21, Ryburn Road, Ormskirk, Lancashire L39 4SB2
£260K12/200.38 mi67, Ryburn Road, Ormskirk, Lancashire L39 4SB2
£249K04/240.38 mi61, Ryburn Road, Ormskirk, Lancashire L39 4SB2
£130K07/210.4 mi4, Church Hill Road, Ormskirk, Lancashire L39 3BB2
£168.5K02/240.41 mi5, Bridge Street, Ormskirk, Lancashire L39 4RH2
£165K10/200.41 mi42, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£280K09/210.41 mi74, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£235K01/240.41 mi20, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£235K01/240.41 mi20, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£214.5K01/240.41 mi10, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£182.5K10/230.41 mi38, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£215K02/240.41 mi6, Calder Avenue, Ormskirk, Lancashire L39 4SF2
£195K08/220.41 mi15, Asmall Lane, Ormskirk, Lancashire L39 3BG2
£190K11/200.42 mi105, Prescot Road, Ormskirk, Lancashire L39 4SL2
£275K12/220.42 mi99, Prescot Road, Ormskirk, Lancashire L39 4SL2
£220K06/230.42 mi97, Prescot Road, Ormskirk, Lancashire L39 4SL2
£189.9K10/220.42 mi68, Halsall Lane, Ormskirk, Lancashire L39 3AX2
£155K07/210.43 mi34, Rosecroft Close, Ormskirk, Lancashire L39 1QN2
£185K01/240.43 mi44, Rosecroft Close, Ormskirk, Lancashire L39 1QN2
£182K03/210.43 mi53, Calder Avenue, Ormskirk, Lancashire L39 4SE2
£162K02/210.43 mi39, Calder Avenue, Ormskirk, Lancashire L39 4SE2
£205K03/210.43 mi49, Calder Avenue, Ormskirk, Lancashire L39 4SE2
£165K08/220.43 mi66, Halsall Lane, Ormskirk, Lancashire L39 3AX2
£142.5K09/230.47 mi3, Halsall Lane, Ormskirk, Lancashire L39 3AS2
£137K10/230.49 mi18, Halsall Lane, Ormskirk, Lancashire L39 3AU2
£137K10/230.49 mi18, Halsall Lane, Ormskirk, Lancashire L39 3AU2
£142.5K08/210.52 mi40, Cotton Drive, Ormskirk, Lancashire L39 3AZ2
£155K11/210.54 mi3, Sanfield Close, Ormskirk, Lancashire L39 3QH2
£190K12/200.57 mi95, Southport Road, Ormskirk, Lancashire L39 1LW2
£200K07/230.57 mi109, Southport Road, Ormskirk, Lancashire L39 1LW2
£200K07/230.57 mi109, Southport Road, Ormskirk, Lancashire L39 1LW2
£205K03/240.57 mi103, Southport Road, Ormskirk, Lancashire L39 1LW2
£480K12/220.57 mi8, High Moss, Ormskirk, Lancashire L39 4TP2
£162K02/210.57 miWyndale, Hants Lane, Ormskirk, Lancashire L39 1PX2
£125K02/210.57 mi13, Hants Lane, Ormskirk, Lancashire L39 1PX2
£115K12/230.57 mi25, Hants Lane, Ormskirk, Lancashire L39 1PX2
£190K09/220.57 mi46, Chapel Street, Ormskirk, Lancashire L39 4QF2
£205K01/230.58 mi75, Bridge Street, Ormskirk, Lancashire L39 4RJ2
£173K10/200.61 mi5, Long Lane, Aughton, Ormskirk, Lancashire L39 5AS2

Local Rents

20 rents from £520/mo to £1.4K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£52005/240.19 miHazel Court, Aughton Street, Ormskirk2
£95004/240.37 miBrighouse Close, Ormskirk, Lancashire, L39 3NB2
£1,20002/250.38 mi-2
£90005/240.41 miBridge Street, Ormskirk2
£85004/240.41 miBridge Street, Ormskirk2
£1,35004/240.42 miApartment Vicarage Walk, Ormskirk2
£73205/240.45 miThe Suites, 6-8 Aughton Street, Ormskirk2
£77504/240.47 miHalsall Court, Ormskirk, Lancashire, L392
£71505/240.48 miAlexander House, Ormskirk, 2
£67205/240.48 mi2a AUGHTON STREET, ORMSKIRK, LANCASHIRE2
£89504/240.53 miCotton Drive, Ormskirk2
£1,40001/250.56 mi-2
£65012/240.56 miBurscough Street, Ormskirk, L392
£80004/240.57 miHants Lane, Ormskirk, Lancashire, L39 1PX2
£80005/240.57 miHants Lane, Ormskirk2
£90005/240.58 miChapel Street, Ormskirk, L39 4QF2
£97505/240.58 miSt. Helens Road, Ormskirk, L39 4QL2
£73205/240.62 miSovereign Court, Derby Street, Ormskirk2
£71104/240.62 miSovereign Court, Derby Street, Ormskirk2
£55002/250.62 mi-2

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £245,000

January 15, 2025

Listed for £255,000

October 11, 2024

Floor Plans

Description

  • Two Bedroom Bungalow +
  • Semi Rural Location +
  • Enclosed Rear Garden +
  • Family Bathroom +
  • Modern Fitted Kitchen +
  • Ample Driveway Parking +
  • Popular Residential Location +
  • Fantastic Local Amenities +
  • NO CHAIN +
  • Viewings Available Upon Request +

Churcher Estates are please to present this quaint bungalow just on the outskirts of the popular town of Ormskirk. The town is home to the popular high street with a wealth of amenities such as supermarkets, boutique shops and restaurants. Other benefits to this property are the quiet and peaceful location, close to local schools, doctors' surgeries and fantastic transport links.

On entering the porch, you are welcomed into a newly modernized galley kitchen displaying a perfect blend of classic charm and contemporary style. Cream shaker style cupboards line both sides of the space, with a large stainless-steel sink and modern appliances throughout. Towards the rear end of the kitchen is a small dining area which has been thoughtfully tucked away, featuring a cozy table with chairs, ideal for a morning coffee.

To the left of the property, you are welcomed into a large lounge. The room is flooded with natural light and a central fireplace creates a focal point for the room. Continuing through the lounge to the back of the house are two double bedrooms. Both are neutrally decorated with large bright windows and garden views. The spacious family bathroom is thoughtfully designed containing bath, shower WC and sink. There is plenty of potential to create the perfect relaxing retreat.
Externally, to the front of the property you will find a large, paved driveway with ample amounts of parking. The driveway leads down to a garage, located at the rear, perfect for extra storage. To the rear of the property is a low maintenance garden. It stretches across the entire width of the property creating an expansive space. It is a perfect blank canvas for creating a relaxing outdoor space.

The property would benefit from some minor modernisation but is full of potential and will appeal to first time buyers or those looking to downsize to make this home their forever home.

Viewings recommended

NO CHAIN
Freehold
Council Tax Band C

Agent Details

Churcher Estates, Burscough

01704 333356

Next Steps?

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