8 Bed Flat, Single Let, Ormskirk, L39 2AU, £450,000

Wigan Road, Ormskirk, L39 2AU - 1 views - 2 months ago

Leasehold

BTL

~248 m²

+8 photos

Valuation

Sold Prices	No enough data locally

Square Metres	~248 m²

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Total Cash In	£137,200£137,200

Cash Out
Rent Range	£429 - £3,965£429 - £3,965
Rent Estimate	£477
Running Costs/mo	£1,522£1,522
Cashflow/mo	£-1,045£-1,045
Cashflow/yr	£-12,536£-12,536
Gross Yield	1%1%

Local Sold Prices

Not enough data

Local Rents

50 rents from £429/mo to £4K/mo, average is £628/mo.

Rent	Date	Distance	Address	Beds	Type
£624	04/24	0.04 mi	Abbotsford Mews, Ormskirk, L39	7	Flat
£3,185	04/24	0.06 mi	Stanley Street, Ormskirk, Lancashire. L39 2DH	6	Detached House
£3,965	01/25	0.08 mi	-	6	Semi-Detached House
£585	05/24	0.11 mi	Wigan Road, Ormskirk, Lancashire	4	House
£1,100	05/24	0.11 mi	Wigan Road, Ormskirk, Lancashire	4	House
£950	04/24	0.11 mi	Oak Green, Ormskirk	3	Detached House
£628	04/24	0.11 mi	Christina House, St Helens Road	4	Flat
£555	04/24	0.11 mi	Knowsley Road, Ormskirk,	4	Flat
£433	05/24	0.13 mi	St Helens Road, Ormskirk,	9	House
£563	04/24	0.13 mi	St Helens Road, Ormskirk, Lancashire	9	Flat
£1,200	12/24	0.2 mi	-	3	Semi-Detached House
£780	04/24	0.21 mi	Derby Street, Ormskirk, L39	10	Flat
£925	01/24	0.22 mi	-	3	Semi-Detached House
£559	04/24	0.24 mi	Station Road, Ormskirk, L39	6	Detached House
£477	05/24	0.24 mi	Station Road, Ormskirk, L39	6	Semi-Detached House
£477	12/24	0.24 mi	-	6	Semi-Detached House
£628	05/24	0.25 mi	Burscough Street, Ormskirk	4	Flat
£1,000	01/25	0.25 mi	-	3	Detached House
£525	04/24	0.25 mi	Hardacre Street, Ormskirk, L39	6	Terraced House
£525	05/24	0.25 mi	Hardacre Street, Ormskirk, L39	6	Terraced House
£525	05/24	0.25 mi	-	6	Terraced House
£628	05/24	0.26 mi	Aughton Street, Ormskirk	5	Flat
£693	05/24	0.26 mi	Sovereign Court, Derby Street, Orskirk	3	Flat
£650	03/24	0.28 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£585	05/24	0.28 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£650	05/24	0.28 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£724	05/24	0.28 mi	The Suites, 6-8 Aughton Street, Ormskirk	4	Flat
£525	04/24	0.28 mi	Hardacre Street, Ormskirk, L39	4	Terraced House
£2,100	12/24	0.28 mi	-	4	Terraced House
£607	04/24	0.28 mi	Derby Street West, , Ormskirk	4	Flat
£3,403	04/24	0.29 mi	Hardacre Street, Ormskirk, L39	6	Flat
£559	05/24	0.3 mi	Tower Hill, Ormskirk, L39	4	Semi-Detached House
£628	05/24	0.3 mi	Wigan Road, Ormskirk	4	Terraced House
£689	04/24	0.3 mi	Ormskirk, Ormskirk, L39	6	Flat
£628	02/25	0.31 mi	-	4	Terraced House
£650	03/24	0.33 mi	Burscough Street, ,	6	Flat
£1,100	04/24	0.33 mi	Furness Avenue, Ormskirk	3	Detached House
£1,050	02/25	0.36 mi	-	3	Semi-Detached House
£650	04/24	0.37 mi	Hants Lane, Ormskirk, L39	7	Detached House
£624	02/24	0.37 mi	Hants Lane, Ormskirk, L39	7	Semi-Detached House
£650	05/24	0.38 mi	Wigan Road, Ormskirk	4	Semi-Detached House
£520	05/24	0.4 mi	Taylor Avenue, Ormskirk	4	Semi-Detached House
£2,253	05/24	0.4 mi	Scarisbrick Street, Ormskirk, Lancashire, L39	4	Terraced House
£689	04/24	0.41 mi	Burscough Street, Ormskirk, L39	6	Detached House
£1,400	01/25	0.43 mi	-	4	Terraced House
£672	05/24	0.44 mi	Clucas Gardens, Ormskirk, L39	7	Semi-Detached House
£429	05/24	0.47 mi	Green Lane, Ormskirk, L39	5	Detached House
£435	04/24	0.49 mi	Prescot Road, Ormskirk, L39	6	Terraced House
£520	12/24	0.55 mi	Southport Road, Ormskirk, L39	6	Semi-Detached House
£585	05/24	0.55 mi	Croftson Avenue, Ormskirk, Lancashire	4	House

Local Area Statistics

Population in L39	28,09128,091
Population in Ormskirk	46,18246,182
Town centre distance	0.34 miles away0.34 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.17 miles away0.17 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 £450,000

January 29, 2025

Floor Plans

Description

Student Investment Property +
Currently Let for 2024/2025 +
Eight Bedrooms Over Two Flats +
No Vendor Chain +
Gross Return Of 11.52% +
Close To Edge Hill University +

INVESTMENT OPPORTUNITY
Thomas Samuel Estate Agents are excited to bring to the market for sale, with NO CHAIN, this incredible investment opportunity currently let to eight students across two properties. With tenants also signed up for the academic year 2024/2025 this generates a joint gross return of £51,840 and 11.52% gross yield on your initial investment.
The location is ideal for students, being close to Edge Hill University and Ormskirk Town Centre with its array of local amenities including, shops, bars and restaurants. This fantastic opportunity comprises of a three bedroom ground floor flat and five bedroom first floor flat.
Internally both properties briefly comprise of a fitted kitchen, large lounge and spacious bathroom.
Further benefits include gas central heating and double glazing throughout.
Viewings are strictly by appointment only.

Agent Details

Thomas Samuel, Ormskirk

01695 664315

Next Steps?

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

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8 Bed Flat, Single Let, Ormskirk, L39 2AU, £450,000

Valuation

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents