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Queen Street, Ormskirk, L39 4RR

North West

£199,950
Listed on 16/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
871 sqft

Description

This well-sized three-bedroom mid-terraced home offers a unique renovation opportunity in a central location. With a small front garden that enhances its appeal, the property is set back from the road, providing some privacy. Currently operating as a licensed House in Multiple Occupation (HMO), this property meets all necessary safety standards, including fire doors and an integrated fire alarm system. This feature not only attracts investors looking for rental income but also appeals to families seeking a comfortable residence with potential for improvement. Upon entering, you are greeted by a hallway leading into a bright living room illuminated by a large window, creating an inviting atmosphere for gatherings or relaxation. The adjoining dining area facilitates seamless flow for entertaining and family meals. The kitchen is equipped with white cabinetry and dark grey worktops, along with essential appliances such as an oven and washing machine. While functional, this space presents ample opportunity for customization to suit your personal taste. Upstairs, the property hosts three spacious bedrooms, each providing versatile areas that can be tailored into cozy retreats or study spaces. The family bathroom features modern paneling and is equipped with essential amenities including a bath with an overhead shower. A tiered back garden currently paved offers a private outdoor retreat with significant potential for landscaping or personal design based on your lifestyle preferences—whether you seek low-maintenance upkeep or an expansive garden sanctuary. This property stands out as a prime canvas for first-time buyers and seasoned investors alike. With generous proportions, abundant natural light throughout the interior, and established HMO compliance, it represents considerable investment potential in an area poised for growth. For those interested in viewing this unique property and exploring its possibilities further, please arrange an appointment at your convenience.

Investment Analysis

(L39 area)

Below Market Value

This property is priced -9.5% below area average per sq ft

-9.5%
Potential saving
This Property
£230/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£246
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£19,995 - £49,988
10-25% of property value
Target Value
£243,070
10% above area average per sq ft
Potential ROI
-2.7%
After renovation
Monthly Sales
14
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (L39)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 9.8%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on L39 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Queen Street, Ormskirk, L39 4RR
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