2 Bed Bungalow, Refurb/BRRR, Ormskirk, L39 2DY, £215,000

211 Nursery Avenue, Ormskirk, L39 2DY - 20 days ago

Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£115K - £375K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£157,919

 

 

End Value (After Refurb)

£179,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Refurb Costs

£28,800

Bridging Loan Interest

£5,644

Total Cash In

£101,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£179,625

Mortgage (After Refinance)

£134,719

Mortgage LTV

75%

Cash Left In

£101,894

Equity

£44,906

Rent Range

£520 - £1,400

Rent Estimate

£790

Running Costs/mo

£739

Cashflow/mo

£51

Cashflow/yr

£608

ROI

1%

Gross Yield

4%

Local Sold Prices

52 sold prices from £115K to £375K, average is £157.5K. £1.4K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£137K10/200.22 mi24, Brooklands, Ormskirk, Lancashire L39 2HD2
£135K11/200.24 mi68, Tower Hill, Ormskirk, Lancashire L39 2EF2
£203K08/220.33 mi125, Wigan Road, Ormskirk, Lancashire L39 2AS2
£139K06/210.34 mi139, Wigan Road, Ormskirk, Lancashire L39 2AS2
£170K03/240.35 mi92, Derby Street, Ormskirk, Lancashire L39 2DE2
£143K03/210.38 mi23, Station Road, Ormskirk, Lancashire L39 2XB2
£138K11/200.38 mi108, Burscough Street, Ormskirk, Lancashire L39 2EY2
£157K03/240.38 mi182, Burscough Street, Ormskirk, Lancashire L39 2EY2
£235K09/230.39 mi1, Ashcroft Avenue, Ormskirk, Lancashire L39 1QJ2
£159.9K11/230.41 mi85, Wigan Road, Ormskirk, Lancashire L39 2AP2
£154.4K06/210.41 mi5, Station Road, Ormskirk, Lancashire L39 2XB2
£180K10/200.42 mi2, Jubilee Avenue, Ormskirk, Lancashire L39 1QD2
£130K11/210.43 mi9, Railway Approach, Ormskirk, Lancashire L39 2DD2
£149K01/210.45 mi21, Stanley Street, Ormskirk, Lancashire L39 2DH2
£140K02/210.45 mi30, Stanley Street, Ormskirk, Lancashire L39 2DH2
£140K02/210.45 mi30, Stanley Street, Ormskirk, Lancashire L39 2DH2
£140K05/230.45 mi41, Stanley Street, Ormskirk, Lancashire L39 2DH2
£175K01/240.47 mi8, Owen Avenue, Ormskirk, Lancashire L39 1QB2
£123K10/200.49 mi17, Scarisbrick Street, Ormskirk, Lancashire L39 1QE2
£155K04/210.49 mi11, Scarisbrick Street, Ormskirk, Lancashire L39 1QE2
£157K02/230.49 mi7, Scott Drive, Ormskirk, Lancashire L39 1PP2
£162K02/210.54 miWyndale, Hants Lane, Ormskirk, Lancashire L39 1PX2
£125K02/210.54 mi13, Hants Lane, Ormskirk, Lancashire L39 1PX2
£115K12/230.54 mi25, Hants Lane, Ormskirk, Lancashire L39 1PX2
£183K10/200.62 mi104, Yew Tree Road, Ormskirk, Lancashire L39 1NX2
£190K09/220.64 mi46, Chapel Street, Ormskirk, Lancashire L39 4QF2
£375K11/230.67 mi54, Ruff Lane, Ormskirk, Lancashire L39 4UL2
£205K01/230.69 mi75, Bridge Street, Ormskirk, Lancashire L39 4RJ2
£215K06/210.69 mi32, Grimshaw Lane, Ormskirk, Lancashire L39 1PD2
£158K12/230.71 mi7, Bird Ith Hand, Ormskirk, Lancashire L39 1PF2
£166K06/210.72 mi93, Grimshaw Lane, Ormskirk, Lancashire L39 1PA2
£135K03/210.72 mi5, Bird I Th' Hand Cottages, Ormskirk, Lancashire L39 1PF2
£155K07/210.72 mi34, Rosecroft Close, Ormskirk, Lancashire L39 1QN2
£185K01/240.72 mi44, Rosecroft Close, Ormskirk, Lancashire L39 1QN2
£168.5K02/240.75 mi5, Bridge Street, Ormskirk, Lancashire L39 4RH2
£155K11/210.77 mi3, Sanfield Close, Ormskirk, Lancashire L39 3QH2
£170K10/210.77 mi12, Hurlston Drive, Ormskirk, Lancashire L39 1LD2
£191K11/220.77 mi133, Grimshaw Lane, Ormskirk, Lancashire L39 1PB2
£137K10/230.77 mi18, Halsall Lane, Ormskirk, Lancashire L39 3AU2
£137K10/230.77 mi18, Halsall Lane, Ormskirk, Lancashire L39 3AU2
£151K09/210.78 mi141, Grimshaw Lane, Ormskirk, Lancashire L39 1PB2
£160K04/230.78 mi107, Grimshaw Lane, Ormskirk, Lancashire L39 1PB2
£188K09/230.78 mi125, Grimshaw Lane, Ormskirk, Lancashire L39 1PB2
£142.5K09/230.79 mi3, Halsall Lane, Ormskirk, Lancashire L39 3AS2
£190K12/200.79 mi95, Southport Road, Ormskirk, Lancashire L39 1LW2
£200K07/230.79 mi109, Southport Road, Ormskirk, Lancashire L39 1LW2
£200K07/230.79 mi109, Southport Road, Ormskirk, Lancashire L39 1LW2
£205K03/240.79 mi103, Southport Road, Ormskirk, Lancashire L39 1LW2
£195K11/220.84 mi39, Dyers Lane, Ormskirk, Lancashire L39 4RN2
£268K02/240.85 mi25, Brighouse Close, Ormskirk, Lancashire L39 3NA2
£130K07/210.87 mi4, Church Hill Road, Ormskirk, Lancashire L39 3BB2
£142.5K08/210.87 mi40, Cotton Drive, Ormskirk, Lancashire L39 3AZ2

Local Rents

33 rents from £520/mo to £1.4K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,05001/250.23 mi-2
£70605/240.23 miThompson Avenue, Ormskirk, 2
£75005/240.33 miWigan Road, Ormskirk, Lancashire, L39 2AS2
£55005/240.33 miWigan Road, Ormskirk, Lancashire, L39 2AS2
£92504/240.35 miChestnut Court, Ormskirk, L39 2JB2
£55004/240.37 miBurscough Street, Ormskirk, L39 2EY2
£90012/230.38 mi-2
£55005/240.38 miOrmskirk, Lancashire, L39 2DE2
£72504/240.39 miAshcroft Avenue ORMSKIRK2
£75005/240.39 miAlexander Court Station Approach ORMSKIRK2
£62805/240.42 miStanley Street, Ormskirk, 2
£90003/250.42 mi-2
£75004/240.47 miMill Street ORMSKIRK2
£73205/240.48 miSovereign Court, Derby Street, Ormskirk2
£71104/240.48 miSovereign Court, Derby Street, Ormskirk2
£55002/250.48 mi-2
£90003/240.48 miScott Drive, Ormskirk, Lancashire2
£72805/240.49 miScarisbrick Street, Ormskirk, 2
£52005/240.51 miKnowsley Road, Ormskirk, 2
£85004/240.52 miGrammar School Court, Ormskirk2
£85004/240.53 mi-2
£1,20005/240.53 miCramford House, Ormskirk2
£1,25002/240.53 miRuff Lane, Ormskirk, Lancashire, L39 4PT2
£65012/240.53 miBurscough Street, Ormskirk, L392
£1,40001/250.53 mi-2
£80004/240.54 miHants Lane, Ormskirk, Lancashire, L39 1PX2
£80005/240.54 miHants Lane, Ormskirk2
£52005/240.58 miMalthouse Court, Green Lane, Ormskirk2
£97505/240.58 miSt. Helens Road, Ormskirk, L39 4QL2
£80004/240.59 miLea Crescent, Ormskirk, Lancashire, L392
£72505/240.6 miCounty Road, Ormskirk2
£71505/240.61 miAlexander House, Ormskirk, 2
£67205/240.61 mi2a AUGHTON STREET, ORMSKIRK, LANCASHIRE2

Local Area Statistics

Population in L39

28,091

Population in Ormskirk

46,182

Town centre distance

0.15 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+18%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £215,000

February 25, 2025

Floor Plans

Description

  • IN NEED OF MODERNISATION +
  • SEMI DETACHED TRUE BUNGALOW +
  • LIVING ROOM +
  • KITCHEN +
  • TWO BEDROOMS +
  • SHOWER/WET ROOM +
  • GARDENS TO FRONT SIDE & REAR. +
  • DRIVEWAY TO REAR +

SUMMARY NO UPWARD CHAIN! MODERNISATION OPPORTUNITY! This semi-detached bungalow on Nursery Avenue, Ormskirk, offers fantastic potential and is ideally located close to the town centre, schools, university, transport links, and local amenities. The property features an entrance hall, living room, kitchen, two bedrooms, and a family bathroom. Externally, it boasts well-maintained gardens to the front, side, and rear, along with a driveway for off-road parking. A must-see to appreciate its full potential—early viewings recommended! GROUND FLOOR Upon entering through the front door and vestibule, you are welcomed into a bright living room, complete with a fireplace and surround. A door leads through to the kitchen, which is fitted with a stainless steel sink, a range of wall and base units, and space for an oven, washing machine, and fridge freezer. A door leads to the inner hallway, which features loft access to a fully boarded loft with power and lighting—ideal for additional storage. The property benefits from a modern wet room, fitted with a walk-in shower, non-slip flooring, WC, and washbasin. Both bedrooms are situated at the rear of the property, offering a peaceful outlook. VESTIBULE - 1.37m x 1.04m (4'6" x 3'5") LIVING ROOM - 4.67m x 3.48m (15'4" x 11'5") KITCHEN - 3.2m x 1.93m (10'6" x 6'4") INNER HALLWAY - 1.47m x 0.84m (4'10" x 2'9") SHOWER/WET ROOM - 1.78m x 1.75m (5'10" x 5'9") BEDROOM 1 - 3.81m x 2.67m (12'6" x 8'9") BEDROOM 2 - 2.9m x 2.79m (9'6" x 9'2") OUTSIDE The property enjoys a substantial corner plot, offering both privacy and and a great outdoor space. A mature conifer hedge to the side boundary, flower borders and lawn areas to the front, side and rear also a gravel driveway to the rear that provides ample off-road parking, with aside gate to rear garden. ADDITIONAL INFORMATION This property has a gas central heating system. LOCAL AUTHORITY West Lancashire Borough Council, Council Tax - Band C SERVICE (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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