According to the public record, 16, Colburne Close, Ormskirk is a mid-century leasehold house with 721 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Colburne Close, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
16, Colburne Close, Ormskirk has 2 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated May 2014.
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 16 Colburne Close Ormskirk as £196,283 and the rental value as £1,095 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 16 Colburne Close Ormskirk has increased by £4,705 (2.4%) and its rental value has increased by £69 per month (6.3%).
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 16, Colburne Close, Ormskirk is in very good condition we estimate a sale value of £206,097 and rental value of £1,150 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,543 and a rental value of £1,018 per month.
If you were able to purchase this property for the estimated value of £196,283, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £965 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, 16, Colburne Close, Ormskirk was last sold on 27 Jul 2022 for £195,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Colburne Close, Ormskirk within a radius of 730 metres over the last 2 years.
The most recent example is 32, Colburne Close, Ormskirk, L40 4LD, a Freehold house which sold for £185,000 in Mar 2023.
Read more about house prices in L40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colburne Close, Burscough, Ormskirk, L40 has a total of 60 addresses. According to our analysis of all the public data, 16, Colburne Close, Ormskirk is the 49th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £120k less expensive than the average property in L40.
16, Colburne Close, Ormskirk has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 May 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Colburne Close, Ormskirk is Burscough Junction station which is 400 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 16, Colburne Close, Ormskirk, 29.0% of property is socially rented and 26.5% 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 16, Colburne Close, Ormskirk, 10.5% of residents are recorded as possessing school level qualifications and 30.8% 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 16, Colburne Close, Ormskirk, the average age was 43 and the most common age was 52.
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 16, Colburne Close, Ormskirk, 0.7% 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 16, Colburne Close, Ormskirk, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.