3 Bed Bungalow, Refurb/BRRR, Ormskirk, L39 3NN, £265,000

Redgate, Ormskirk, L39 3NN - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£150K - £442.5K
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£233,012

 

 

End Value (After Refurb)

£238,842

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£39,324

Bridging Loan Interest

£6,956

Total Cash In

£124,180

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£238,842

Mortgage (After Refinance)

£179,131

Mortgage LTV

75%

Cash Left In

£124,180

Equity

£59,710

Rent Range

£693 - £1,400

Rent Estimate

£1,062

Running Costs/mo

£979

Cashflow/mo

£83

Cashflow/yr

£999

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £442.5K, average is £237.5K. £1.6K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£201K04/210.05 mi44, Redgate, Ormskirk, Lancashire L39 3NP3
£265K07/230.05 mi16, Redgate, Ormskirk, Lancashire L39 3NP3
£237K07/230.06 mi21, Redgate, Ormskirk, Lancashire L39 3NN3
£285K05/210.09 mi8, Holborn Hill, Aughton, Ormskirk, Lancashire L39 3LH3
£442.5K11/230.09 mi28, Holborn Hill, Ormskirk, Lancashire L39 3LH3
£173.5K04/210.14 mi76, Redgate, Ormskirk, Lancashire L39 3NR3
£203K11/200.15 mi6, Beechwood Drive, Ormskirk, Lancashire L39 3NX3
£174K03/210.15 mi54, Beechwood Drive, Ormskirk, Lancashire L39 3NX3
£285K05/210.15 mi8, Holborn Hill, Aughton, Ormskirk, Lancashire L39 3LH3
£330K01/230.16 mi101, Cottage Lane, Ormskirk, Lancashire L39 3NF3
£410K11/220.18 mi134, Cottage Lane, Ormskirk, Lancashire L39 3NJ3
£225K09/210.23 mi177, Redgate, Ormskirk, Lancashire L39 3NW3
£280K05/210.24 mi9, Hillside Avenue, Ormskirk, Lancashire L39 4TD3
£210K10/200.25 mi116, Redgate, Ormskirk, Lancashire L39 3NY3
£275K11/220.25 mi140, Aughton Street, Ormskirk, Lancashire L39 3LQ3
£230K09/230.28 mi188, County Road, Ormskirk, Lancashire L39 3LY3
£223K07/230.29 mi26, Peet Avenue, Ormskirk, Lancashire L39 4SH3
£273.5K12/230.29 mi19, Peet Avenue, Ormskirk, Lancashire L39 4SH3
£245K08/210.3 mi35, Wimbrick Crescent, Ormskirk, Lancashire L39 4TB3
£285K08/230.3 mi13, Wimbrick Crescent, Ormskirk, Lancashire L39 4TB3
£285K03/230.34 mi14, Milman Close, Ormskirk, Lancashire L39 4SJ3
£222.5K02/240.34 mi8, Bebles Road, Ormskirk, Lancashire L39 4SZ3
£280K06/210.36 mi15, Ryburn Road, Ormskirk, Lancashire L39 4SB3
£179.9K12/200.37 mi29, Colinmander Gardens, Ormskirk, Lancashire L39 4TE3
£217.5K12/200.37 mi27, Colinmander Gardens, Ormskirk, Lancashire L39 4TE3
£250K03/210.37 mi41, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£238K08/210.39 mi47, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£220K03/210.39 mi33, Cottage Lane, Ormskirk, Lancashire L39 3NE3
£183.5K10/230.39 mi17, Dyers Lane, Ormskirk, Lancashire L39 4RN3
£210K12/220.41 mi88, Colinmander Gardens, Ormskirk, Lancashire L39 4TF3
£170K09/210.41 mi8, Colinmander Gardens, Ormskirk, Lancashire L39 4TF3
£184.9K07/210.41 mi32, Colinmander Gardens, Ormskirk, Lancashire L39 4TF3
£220.3K11/200.41 mi67, Calder Avenue, Ormskirk, Lancashire L39 4SE3
£275K07/230.41 mi109, Calder Avenue, Ormskirk, Lancashire L39 4SE3
£175K07/210.46 mi5, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£315K10/230.46 mi7, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£235K10/200.46 mi1, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£410K03/240.46 mi17, Kinloch Way, Ormskirk, Lancashire L39 3LT3
£394.9K10/200.47 mi3, Claremont Drive, Aughton, Ormskirk, Lancashire L39 4SP3
£430K08/230.47 mi1, Claremont Drive, Aughton, Ormskirk, Lancashire L39 4SP3
£322K01/230.47 mi28, Redsands, Aughton, Ormskirk, Lancashire L39 4SQ3
£280K12/230.49 mi66, Redsands, Aughton, Ormskirk, Lancashire L39 4SQ3
£297K03/210.49 mi24, Redsands, Aughton, Ormskirk, Lancashire L39 4SQ3
£150K11/230.49 mi6, Elm Place, Ormskirk, Lancashire L39 4TS3
£180K10/230.49 mi8, Elm Place, Ormskirk, Lancashire L39 4TS3
£190K08/230.49 mi14, Elm Place, Ormskirk, Lancashire L39 4TS3
£339.9K09/210.5 mi149, Prescot Road, Ormskirk, Lancashire L39 4SN3
£205K04/210.5 mi35, Moorgate, Ormskirk, Lancashire L39 4RT3
£200K03/240.51 mi4, Gore Drive, Aughton, Ormskirk, Lancashire L39 4UA3
£289K12/220.51 mi32, Gore Drive, Aughton, Ormskirk, Lancashire L39 4UA3

Local Rents

16 rents from £693/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95012/240.21 miSt. Annes Road, Ormskirk3
£1,20004/240.51 miRedsands, Aughton, Ormskirk, Lancashire, L39 4SG3
£1,10004/240.52 miFurness Avenue, Ormskirk3
£97504/240.66 miTennyson Drive, Ormskirk3
£69305/240.66 miSovereign Court, Derby Street, Orskirk3
£1,40012/240.7 miLiverpool Road, Aughton3
£1,00001/250.77 mi-3
£1,40005/240.78 miEnnerdale Drive, Aughton3
£97504/240.85 miFairfield Drive, Ormskirk3
£1,30005/240.88 miHighfield Road, Ormskirk3
£95004/240.89 miOak Green, Ormskirk3
£1,20012/240.92 mi-3
£92501/240.99 mi-3
£1,05002/251.14 mi-3
£1,05012/241.16 mi-3
£82505/241.22 miSephton Drive, Ormskirk3

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £265,000

January 29, 2025

Floor Plans

Description

  • Three Bedroom, Dormer Bungalow +

  • In Need Of Modernisation +

  • Popular Residential Location +

  • On The Doorstep Of Gorse Hill Nature Reserve +

  • Close To Popular Primary And Secondary Schools +

  • Private Rear Garden +

  • Large Kitchen, Dining Room +

  • Separate, Extended Lounge +

  • Two Bathrooms +

Nestled in a sought-after residential location, on the fringes of Ormskirk Town Centre, this attractive three-bedroom dormer bungalow presents a prime opportunity for discerning buyers. Boasting a location that is second to none, the property finds itself conveniently located, offering easy access to an array of local amenities, as well as excellent transport links.
Positioned on the doorstep of the picturesque Gorse Hill Nature Reserve, this home is perfectly suited for nature enthusiasts, families, and those who enjoy taking leisurely strolls with their furry companions through the peaceful woodland trails. The nearby location of popular primary and secondary schools further enhances the family-friendly appeal of this property.
This charming bungalow, whilst maintaining its original character, offers a comfortable living space that is ripe for modernisation and personalisation, providing ample scope for prospective owners to put their stamp on it.
Upon entering the property, one is greeted by a spacious kitchen and dining room - the heart of the home. This generous area serves as an ideal backdrop for culinary adventures and entertaining guests alike.
Furthermore, an extended lounge provides a separate space for relaxation and socialising, offering a bright and airy environment for unwinding after a long day.
The property boasts three well-proportioned bedrooms, offering versatility and ample accommodation for family living. In addition, two bathrooms cater to the needs of modern-day convenience, ensuring comfort and functionality for residents.
A private rear garden awaits outdoor enthusiasts for al-fresco dining, gardening projects, or simply basking in the sunshine.
In summary, this charming dormer bungalow located in the heart of a well-regarded residential neighbourhood presents an exciting opportunity for those seeking a property which they can truly make their own. With its close proximity to nature reserves, schools, and town centre amenities, this home offers a harmonious blend of convenience and tranquillity, making it an enticing prospect for families and individuals alike.

EPC Rating: D

Agent Details

Thomas Samuel, Ormskirk

01695 664315

Next Steps?

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