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Derby Street, Ormskirk, Lancashire, L39 - Image 1
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Derby Street, Ormskirk, Lancashire, L39

North West

£890,000
Listed on 14/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This remarkable property located in Ormskirk, a thriving market town in Lancashire, is a former magistrates court and police station built in 1850. Its Grade II listing presents both an opportunity and a challenge for renovation enthusiasts looking to invest in a historically significant structure. Situated just 200 meters from Ormskirk Railway Station, it enjoys excellent connectivity to major cities like Liverpool and Preston, making it an attractive location for future developments. The building encompasses two storeys and a basement, featuring traditional brick construction with a striking sandstone façade. The previous rear extension has been demolished, providing a clean slate for ambitious developers keen on transforming this space. Current proposals include converting the property into a high-end aparthotel with 23 apartments while also incorporating a bar and restaurant across two floors. Planning permission has been granted for this transformation, allowing for flexible use as the local authority is open to various development options that enhance the community's appeal. The site measures approximately 0.202 hectares (0.5 acres) and offers considerable potential with its spacious interiors and parking accommodations for 18 vehicles. A unique glazed link is planned between the new extension and existing structure, enhancing accessibility and aesthetic appeal. Given the scope of works required to fulfill the development vision, this project is primed for those with foresight and passion for revitalising historical properties while catering to modern demands.

Investment Analysis

(L39 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£750,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
70%
Properties sold annually

Local Market Trend (L39)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -0.9%
5 year growth: +15.2%
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

Derby Street, Ormskirk, Lancashire, L39
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,210
Based on a loan of £667,500 over 30 years at 4.06% 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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