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Burscough Street, Ormskirk L39

North West

£190,000
Listed on 25/04/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
1001 sqft

Description

This three-bedroom mid-terraced property presents an opportunity for renovation and modernization, offering more than 1,000 square feet of living space. With its original period features and character details, the home holds the promise of transformation into a personalized residence. Upon entering, you are welcomed by a hallway leading to the spacious lounge, which features a bay window, exposed chimney breast with a wood-burning stove, and classic stripped wood flooring. The layout flows seamlessly into the dining room, enhanced by decorative wood paneling, beams, and a set of French double-glazed stained glass doors that provide access to the rear garden. The kitchen at the back retains charming exposed beams and also has French doors leading to the outdoor space. The first floor contains a landing area that leads to three bedrooms—two generous doubles and one smaller room. The main bedroom is particularly noteworthy for its two front-facing windows and built-in wardrobes, complemented by polished wood flooring. A contemporary bathroom suite with patterned tiled flooring completes this level. Outside, the property boasts a well-kept walled garden at the front and an enclosed rear garden arranged in two sections. This outdoor space not only offers low-maintenance landscaping but also presents potential for reconfiguration—perhaps to establish off-road parking. Located in a desirable area near Ormskirk Town Centre, residents benefit from easy access to local shops, amenities, schools, and transportation links. The nearby railway station enables convenient travel on both Northern and Merseyrail lines. With no onward chain and vacant possession upon completion, this property is ideally suited for first-time buyers eager to imprint their style or investors seeking a project with significant potential for appreciation through refurbishment. Early viewings are advisable to fully appreciate what this home has to offer.

Investment Analysis

(L39 area)

Below Market Value

This property is priced -24.8% below area average per sq ft

-24.8%
Potential saving
This Property
£190/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£278,028
10% above area average per sq ft
Potential ROI
+20.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (L39)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -1.5%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on L39 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Burscough Street, Ormskirk L39
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE