3 Bed Detached House, Refurb/BRRR, Ormskirk, L39 1LW, £208,000

Southport Road, Ormskirk, L39 1LW - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£124.5K - £410K
Sold Prices/m²£1.7K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£220,758
BMV3%

 

 

End Value (After Refurb)

£221,224

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,000

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£39,324

Bridging Loan Interest

£5,460

Total Cash In

£106,184

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,224

Mortgage (After Refinance)

£165,918

Mortgage LTV

75%

Cash Released

£9,918

Cash Left In

£96,266

Equity

£55,306

Rent Range

£693 - £1,300

Rent Estimate

£989

Running Costs/mo

£909

Cashflow/mo

£80

Cashflow/yr

£959

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £124.5K to £410K, average is £230K. £1.7K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£178K12/220.07 mi33, Cotton Drive, Ormskirk, Lancashire L39 3AY3
£222.5K02/210.11 mi35, Courtfield, Ormskirk, Lancashire L39 1LA3
£237.5K09/230.11 mi29, Courtfield, Ormskirk, Lancashire L39 1LA3
£174.9K05/210.14 mi5, Tennyson Drive, Ormskirk, Lancashire L39 3PJ3
£167.5K05/210.14 mi51, Halsall Lane, Ormskirk, Lancashire L39 3AT3
£210K10/210.15 mi8, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£160K02/210.15 mi4, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£185K04/210.15 mi20, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£210K05/240.15 mi4, Tennyson Drive, Ormskirk, Lancashire L39 3PL3
£278K12/220.16 mi61, Highfield Road, Ormskirk, Lancashire L39 1NP3
£275K05/230.17 mi15, Court Green, Ormskirk, Lancashire L39 1LH3
£300K03/230.21 mi40, Grimshaw Lane, Ormskirk, Lancashire L39 1PD3
£230K03/210.22 mi38, Highfield Road, Ormskirk, Lancashire L39 1NR3
£275K10/230.22 mi81, County Road, Ormskirk, Lancashire L39 1NL3
£227K03/210.22 mi73, County Road, Ormskirk, Lancashire L39 1NL3
£291K12/210.22 mi57, Highfield Road, Ormskirk, Lancashire L39 1NP3
£320K12/230.22 mi44, Highfield Road, Ormskirk, Lancashire L39 1NR3
£291.1K06/230.22 mi40, Highfield Road, Ormskirk, Lancashire L39 1NR3
£224K04/240.22 mi10, Highfield Road, Ormskirk, Lancashire L39 1NR3
£175K07/210.23 mi5, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£315K10/230.23 mi7, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£235K10/200.23 mi1, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£410K03/240.23 mi17, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£210K10/230.23 mi46, Rosecroft Close, Ormskirk, Lancashire L39 1QN3
£230K02/210.23 mi22, Rosecroft Close, Ormskirk, Lancashire L39 1QN3
£242.5K10/230.23 mi4, Rosecroft Close, Ormskirk, Lancashire L39 1QN3
£168K11/200.26 mi15, Douglas Drive, Ormskirk, Lancashire L39 1LJ3
£235K08/230.26 mi5, Douglas Drive, Ormskirk, Lancashire L39 1LJ3
£270K08/210.26 mi226, Southport Road, Ormskirk, Lancashire L39 1LZ3
£274K12/220.26 mi228, Southport Road, Ormskirk, Lancashire L39 1LZ3
£227.5K01/230.26 mi7, Douglas Drive, Ormskirk, Lancashire L39 1LJ3
£230K06/210.28 mi10, Ludlow Drive, Ormskirk, Lancashire L39 1LF3
£265K10/230.28 mi36, Ludlow Drive, Ormskirk, Lancashire L39 1LF3
£210K02/210.28 mi54, Ludlow Drive, Ormskirk, Lancashire L39 1LF3
£270K10/230.28 mi38, Ludlow Drive, Ormskirk, Lancashire L39 1LF3
£240K10/230.28 mi54, Ludlow Drive, Ormskirk, Lancashire L39 1LF3
£340K11/220.29 mi2, Whiterails Mews, Ormskirk, Lancashire L39 8RQ3
£238K08/210.29 mi47, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£220K03/210.29 mi33, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£267.5K04/240.29 mi22, Hillcrest Road, Ormskirk, Lancashire L39 1NH3
£237.5K11/220.29 mi28, Hillcrest Road, Ormskirk, Lancashire L39 1NH3
£230K02/230.29 mi8, Farrington Drive, Ormskirk, Lancashire L39 1NB3
£250K03/210.31 mi41, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£238K05/210.31 mi2a, Haslam Drive, Ormskirk, Lancashire L39 1LL3
£190K06/210.31 mi52, Marians Drive, Ormskirk, Lancashire L39 1LQ3
£220K04/210.31 mi40, Marians Drive, Ormskirk, Lancashire L39 1LQ3
£210K02/240.31 mi36, Marians Drive, Ormskirk, Lancashire L39 1LQ3
£210K07/230.31 mi44, Scarisbrick Street, Ormskirk, Lancashire L39 1QF3
£170K05/210.32 mi16, Pennington Avenue, Ormskirk, Lancashire L39 1NQ3
£124.5K12/200.33 mi24, Owen Avenue, Ormskirk, Lancashire L39 1QB3

Local Rents

13 rents from £693/mo to £1.3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£97504/240.14 miTennyson Drive, Ormskirk3
£97504/240.17 miFairfield Drive, Ormskirk3
£1,30005/240.22 miHighfield Road, Ormskirk3
£69305/240.41 miSovereign Court, Derby Street, Orskirk3
£1,00001/250.46 mi-3
£82505/240.62 miSephton Drive, Ormskirk3
£1,20012/240.64 mi-3
£95012/240.68 miSt. Annes Road, Ormskirk3
£1,10004/240.72 miFurness Avenue, Ormskirk3
£95004/240.75 miOak Green, Ormskirk3
£92501/240.77 mi-3
£1,05002/250.94 mi-3
£1,20004/241.13 miRedsands, Aughton, Ormskirk, Lancashire, L39 4SG3

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £208,000

January 15, 2025

Listed for £215,000

November 14, 2024

Floor Plans

Description

  • ATTENTION INVESTORS! +
  • THREE BEDROOMS +
  • DETACHED +
  • LARGE GARDEN +
  • NO CHAIN! +
  • CONSERVATORY +
  • UTILITY +
  • NEEDS FULL RENOVATION +

SUMMARY This 3-bedroom detached property on Southport Road offers a prime opportunity for investors or developers seeking a full renovation project. While the home requires a complete overhaul, it holds immense potential for transformation into a modern family residence. The property features a generously sized rear garden, currently overgrown but offering ample space for landscaping and outdoor living. Inside, the house is in need of a full rip-out and refurbishment, allowing the perfect blank slate for a creative redesign to suit personal preferences or resale potential. With its spacious layout and sought-after location, this property is perfect for those looking to add value through renovation. Early viewing is recommended to fully appreciate the potential this home has to offer! PORCH Two windows to side aspect, sliding door to front aspect, front door to entrance hall. ENTRANCE HALL Storage cupboard, access to living room, kitchen/diner, office room and staircase. OFFICE/ADDITIONAL ROOM Window to side aspect, boiler, access to bathroom. BATHROOM Window to front aspect, WC, washbasin, corner shower. LIVING ROOM Window to front aspect, window to rear aspect, large living room with access to conservatory, electric fire. KITCHEN/DINER Window to rear aspect, dining area, doors onto conservatory.  CONSERVATORY Window to rear aspect, access to utility. UTILITY ROOM Window to rear aspect. STAIRS AND LANDING Two windows to front aspect, access to three bedrooms. BEDROOM Window to front aspect, window to side aspect. BEDROOM Window to rear aspect. BEDROOM Window to rear aspect, window to side aspect, fitted wardrobes. OUTSIDE FRONT Paved driveway, access to garage. REAR Paved patio area, greenhouse. GARAGE BROADBAND Ofcom checker indicates that Ultrafast broadband is available in this area.  ENERGY PERFORMANCE RATING The property's current energy rating is TBC. It has the potential to be TBC. LOCAL AUTHORITY West Lancashire Borough Council, Council Tax - Band D 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. VIEWINGS Viewing strictly by appointment through the Agents.

Agent Details

Ian Anthony Estates, Ormskirk

01695 317402

Next Steps?

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