According to the public record, 103, New Lane, Ormskirk is a mid-century leasehold house with 1,399 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
New Lane, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
103, New Lane, Ormskirk has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated February 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 103 New Lane Ormskirk as £354,272 and the rental value as £1,438 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 103 New Lane Ormskirk has increased by £5,029 (1.4%) and its rental value has increased by £74 per month (5.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 103, New Lane, Ormskirk is in very good condition we estimate a sale value of £371,986 and rental value of £1,509 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,473 and a rental value of £1,337 per month.
If you were able to purchase this property for the estimated value of £354,272, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,741 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 103, New Lane, Ormskirk was last sold on 03 Mar 2017 for £96,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 31.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 103, New Lane, Ormskirk within a radius of 2.0 kilometres over the last 2 years.
The most recent example is 115, New Lane, Ormskirk, L40 0RX, a Leasehold house which sold for £310,000 in Feb 2023.
Read more about house prices in L40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Lane, Burscough, Ormskirk, L40 has a total of 76 addresses. According to our analysis of all the public data, 103, New Lane, Ormskirk is the 14th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in L40.
103, New Lane, Ormskirk has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 01 Feb 2017.
The property is not connected to mains gas and has partial double glazing. It is heated using an LPG fired boiler and radiators.
The closest station to 103, New Lane, Ormskirk is New Lane station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 103, New Lane, Ormskirk, 53.4% of property is privately owned outright and 32.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 103, New Lane, Ormskirk, 12.1% of residents are recorded as possessing school level qualifications and 33.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 103, New Lane, Ormskirk, the average age was 47.5 and the most common age was 57.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 103, New Lane, Ormskirk, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 103, New Lane, Ormskirk, there are an average of 1.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.