According to the public record, 24, School Lane, Ormskirk is a period freehold house with 796 ft2 of internal area and sits on a 152 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
School Lane, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
24, School Lane, Ormskirk has 51 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated May 2023.
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 24 School Lane Ormskirk as £215,415 and the rental value as £1,150 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 24 School Lane Ormskirk has increased by £4,694 (2.2%) and its rental value has increased by £70 per month (6.1%).
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 24, School Lane, Ormskirk is in very good condition we estimate a sale value of £226,186 and rental value of £1,208 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,336 and a rental value of £1,070 per month.
If you were able to purchase this property for the estimated value of £215,415, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,059 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 data from HM Land Registry, 24, School Lane, Ormskirk sits on a plot of 152m2.
We have plot size data on 15 out of 34 other houses in the postcode and 24, School Lane, Ormskirk sits on the 15th largest plot.
According to HM Land Registry, 24, School Lane, Ormskirk was last sold on 18 Aug 2023 for £219,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Aug 2023, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, School Lane, Ormskirk within a radius of 810 metres over the last 2 years.
The most recent example is 12, Orrell Lane, Ormskirk, L40 0SQ, a Freehold house which sold for £155,000 in Sep 2023.
Read more about house prices in L40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
School Lane, Burscough, Ormskirk, L40 has a total of 42 addresses. According to our analysis of all the public data, 24, School Lane, Ormskirk is the 38th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in L40.
24, School Lane, Ormskirk has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 May 2023.
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 24, School Lane, Ormskirk is Burscough Bridge 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 24, School Lane, Ormskirk, 54.5% of property is privately owned outright and 33.9% 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 24, School Lane, Ormskirk, 11.8% of residents are recorded as possessing school level qualifications and 33.6% 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 24, School Lane, 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 24, School Lane, Ormskirk, 1.5% 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 24, School Lane, Ormskirk, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.