According to the public record, 8, Mill Lane, Ormskirk is a mid-century freehold house with 1,205 ft2 of internal area and sits on a 318 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Lane, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
8, Mill Lane, Ormskirk has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated June 2022.
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 8 Mill Lane Ormskirk as £276,066 and the rental value as £1,297 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 8 Mill Lane Ormskirk has increased by £6,618 (2.4%) and its rental value has increased by £81 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 8, Mill Lane, Ormskirk is in very good condition we estimate a sale value of £289,869 and rental value of £1,362 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,742 and a rental value of £1,206 per month.
If you were able to purchase this property for the estimated value of £276,066, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,357 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, 8, Mill Lane, Ormskirk sits on a plot of 318m2.
We have plot size data on 31 out of 56 other houses in the postcode and 8, Mill Lane, Ormskirk sits on the 15th largest plot.
According to HM Land Registry, 8, Mill Lane, Ormskirk was last sold on 07 Dec 2022 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Mill Lane, Ormskirk within a radius of 680 metres over the last 2 years.
The most recent example is 14, Langdale Drive, Ormskirk, L40 5SF, a Freehold house which sold for £215,000 in Dec 2023.
Read more about house prices in L40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Burscough, Ormskirk, L40 has a total of 137 addresses. According to our analysis of all the public data, 8, Mill Lane, Ormskirk is the 15th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in L40.
8, Mill Lane, Ormskirk has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jun 2022.
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 8, Mill Lane, 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 8, Mill Lane, Ormskirk, 44.4% of property is privately owned outright and 38.2% 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 8, Mill Lane, Ormskirk, 15.3% of residents are recorded as possessing school level qualifications and 32.6% 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 8, Mill 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 8, Mill Lane, Ormskirk, 0.5% 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 8, Mill 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.