3 Bed Semi-Detached House, Refurb/BRRR, Ormskirk, L39 4TF, £179,950

Colinmander Gardens, Ormskirk, L39 4TF - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£165K - £700K
Sold Prices/m²£1.8K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£185,349
BMV3%

 

 

End Value (After Refurb)

£232,249

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£6,599

Refurb Costs

£39,324

Bridging Loan Interest

£4,724

Total Cash In

£97,384

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,249

Mortgage (After Refinance)

£174,187

Mortgage LTV

75%

Cash Released

£39,224

Cash Left In

£58,160

Equity

£58,062

Rent Range

£693 - £2,500

Rent Estimate

£1,175

Running Costs/mo

£981

Cashflow/mo

£194

Cashflow/yr

£2,331

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £165K to £700K, average is £280K. £1.8K/m² to £4.4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£179.9K12/200.07 mi29, Colinmander Gardens, Ormskirk, Lancashire L39 4TE3
£217.5K12/200.07 mi27, Colinmander Gardens, Ormskirk, Lancashire L39 4TE3
£222.5K02/240.08 mi8, Bebles Road, Ormskirk, Lancashire L39 4SZ3
£210K12/220.09 mi88, Colinmander Gardens, Ormskirk, Lancashire L39 4TF3
£170K09/210.09 mi8, Colinmander Gardens, Ormskirk, Lancashire L39 4TF3
£184.9K07/210.09 mi32, Colinmander Gardens, Ormskirk, Lancashire L39 4TF3
£280K05/210.17 mi9, Hillside Avenue, Ormskirk, Lancashire L39 4TD3
£245K08/210.18 mi35, Wimbrick Crescent, Ormskirk, Lancashire L39 4TB3
£285K08/230.18 mi13, Wimbrick Crescent, Ormskirk, Lancashire L39 4TB3
£285K03/230.18 mi14, Milman Close, Ormskirk, Lancashire L39 4SJ3
£355K06/210.24 mi10a, Long Lane, Aughton, Ormskirk, Lancashire L39 5AT3
£700K09/230.24 mi30, Long Lane, Aughton, Ormskirk, Lancashire L39 5AT3
£260K03/210.24 mi7, Lynwood Avenue, Aughton, Ormskirk, Lancashire L39 5BB3
£425K01/210.27 mi4, Red Fold, Aughton, Ormskirk, Lancashire L39 4TX3
£339.9K09/210.28 mi149, Prescot Road, Ormskirk, Lancashire L39 4SN3
£165K10/210.28 mi12, Gaw Hill Lane, Aughton, Ormskirk, Lancashire L39 3LR3
£415K08/230.28 mi24, Victoria Road, Aughton, Ormskirk, Lancashire L39 5AU3
£528.5K04/230.28 mi30, Victoria Road, Aughton, Ormskirk, Lancashire L39 5AU3
£280K12/230.29 mi66, Redsands, Aughton, Ormskirk, Lancashire L39 4SQ3
£297K03/210.29 mi24, Redsands, Aughton, Ormskirk, Lancashire L39 4SQ3
£322K01/230.31 mi28, Redsands, Aughton, Ormskirk, Lancashire L39 4SQ3
£285K05/210.31 mi8, Holborn Hill, Aughton, Ormskirk, Lancashire L39 3LH3
£442.5K11/230.31 mi28, Holborn Hill, Ormskirk, Lancashire L39 3LH3
£394.9K10/200.34 mi3, Claremont Drive, Aughton, Ormskirk, Lancashire L39 4SP3
£430K08/230.34 mi1, Claremont Drive, Aughton, Ormskirk, Lancashire L39 4SP3
£223K07/230.36 mi26, Peet Avenue, Ormskirk, Lancashire L39 4SH3
£273.5K12/230.36 mi19, Peet Avenue, Ormskirk, Lancashire L39 4SH3
£237K07/230.36 mi21, Redgate, Ormskirk, Lancashire L39 3NN3
£201K04/210.37 mi44, Redgate, Ormskirk, Lancashire L39 3NP3
£265K07/230.37 mi16, Redgate, Ormskirk, Lancashire L39 3NP3
£285K05/210.39 mi8, Holborn Hill, Aughton, Ormskirk, Lancashire L39 3LH3
£334K01/230.39 mi15a, Liverpool Road, Aughton, Ormskirk, Lancashire L39 5AP3
£190K07/230.39 mi75, Liverpool Road, Aughton, Ormskirk, Lancashire L39 5AP3
£412.5K06/210.42 mi13, Rosehill Drive, Aughton, Ormskirk, Lancashire L39 5AA3
£530K01/230.43 mi133, Long Lane, Aughton, Ormskirk, Lancashire L39 5BT3
£173.5K04/210.45 mi76, Redgate, Ormskirk, Lancashire L39 3NR3
£238K10/210.45 mi39, Eskdale Avenue, Aughton, Ormskirk, Lancashire L39 5EU3
£248.5K03/210.45 mi5, Eskdale Avenue, Aughton, Ormskirk, Lancashire L39 5EU3
£200K03/240.46 mi4, Gore Drive, Aughton, Ormskirk, Lancashire L39 4UA3
£289K12/220.46 mi32, Gore Drive, Aughton, Ormskirk, Lancashire L39 4UA3
£195K11/220.47 mi6, Rothwell Drive, Aughton, Ormskirk, Lancashire L39 5AW3
£330K01/230.47 mi101, Cottage Lane, Ormskirk, Lancashire L39 3NF3
£203K11/200.47 mi6, Beechwood Drive, Ormskirk, Lancashire L39 3NX3
£174K03/210.47 mi54, Beechwood Drive, Ormskirk, Lancashire L39 3NX3
£340K04/230.49 mi10, Redcliffe Gardens, Aughton, Ormskirk, Lancashire L39 4UR3
£280K06/210.49 mi15, Ryburn Road, Ormskirk, Lancashire L39 4SB3
£275K11/220.49 mi140, Aughton Street, Ormskirk, Lancashire L39 3LQ3
£410K11/220.49 mi134, Cottage Lane, Ormskirk, Lancashire L39 3NJ3
£325K03/210.5 mi12, Ennerdale Drive, Aughton, Ormskirk, Lancashire L39 5HF3
£258K11/230.5 mi23, Convent Close, Aughton, Ormskirk, Lancashire L39 4XP3

Local Rents

15 rents from £693/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20004/240.31 miRedsands, Aughton, Ormskirk, Lancashire, L39 4SG3
£1,40012/240.38 miLiverpool Road, Aughton3
£95012/240.42 miSt. Annes Road, Ormskirk3
£1,40005/240.46 miEnnerdale Drive, Aughton3
£1,10004/240.7 miFurness Avenue, Ormskirk3
£1,05012/240.84 mi-3
£69305/240.95 miSovereign Court, Derby Street, Orskirk3
£97504/240.97 miTennyson Drive, Ormskirk3
£1,00001/251.05 mi-3
£95004/241.11 miOak Green, Ormskirk3
£97504/241.17 miFairfield Drive, Ormskirk3
£1,20012/241.18 mi-3
£2,50005/241.2 miMolyneux Road, Aughton3
£1,30005/241.2 miHighfield Road, Ormskirk3
£92501/241.23 mi-3

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

1.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £179,950

January 29, 2025

Floor Plans

Description

Introducing to the market, an exciting opportunity to acquire this charming 3-bedroom semi-detached house, situated in a desirable residential area within close proximity to Christ Church Primary School and Ormskirk Town Centre.
Upon entering the property, you are greeted by a welcoming hallway leading through to a spacious living room/dining room, ideal for relaxation and family gatherings. The adjoining kitchen offers ample scope for renovation, promising the creation of a space tailored precisely to your tastes and requirements.
Ascending the stairs, the first floor reveals three generously proportioned bedrooms, all awaiting personal touches to transform them into cosy sanctuaries. The bathroom, though in need of modernisation, provides a blank canvas and the potential for a stylish refurbishment.
Outdoors, the property benefits from both front and rear gardens, offering the perfect setting for outdoor activities, landscaping or even a celebration under the sun. Off-road parking via a convenient driveway ensures hassle-free parking, while enhancing the property's practical appeal for busy households.
Convenience is key in this location, with the much-revered Christ Church Primary School just a stone's throw away, offering educational opportunities within arm's reach. Close proximity to the vibrant Ormskirk Town Centre provides easy access to an array of shops, eateries, and amenities, ensuring that every need is catered to from daily essentials to leisurely pursuits.
In need of modernisation, this property presents a canvas of renovation opportunities for those with a vision for transformation and a flair for design.

EPC Rating: D

Agent Details

Thomas Samuel, Ormskirk

01695 664315

Next Steps?

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