According to the public record, 2A, Smithy Walk, Ormskirk is a mid-century leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Smithy Walk, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
2A, Smithy Walk, Ormskirk has 21 entries in the Land Registry database, most recently in July 2010 and a single entry in the EPC database dated April 2018.
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 2A Smithy Walk Ormskirk as £70,025 and the rental value as £459 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 2A Smithy Walk Ormskirk has increased by £926 (1.3%) and its rental value has increased by £24 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 2A, Smithy Walk, Ormskirk is in very good condition we estimate a sale value of £73,526 and rental value of £482 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,123 and a rental value of £427 per month.
If you were able to purchase this property for the estimated value of £70,025, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £344 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, 2A, Smithy Walk, Ormskirk was last sold on 26 Jul 2010 for £55,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2010, the market for similar properties has risen 28.3%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 730 metres radius of 2A, Smithy Walk, Ormskirk over the last 2 years.
The most recent example is 7, Lord Street, Ormskirk, L40 4BZ, a Freehold house which sold for £146,500 in Aug 2020.
Read more about house prices in L40.
Smithy Walk, Burscough, Ormskirk, L40 has a total of 1 addresses. According to our analysis of all the public data, 2A, Smithy Walk, Ormskirk is the largest and the most expensive property on the street.
When compared to the postcode district it is £246k less expensive than the average property in L40.
2A, Smithy Walk, Ormskirk has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Apr 2018.
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 2A, Smithy Walk, Ormskirk is Burscough Bridge station which is 200 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 2A, Smithy Walk, 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 2A, Smithy Walk, 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 2A, Smithy Walk, 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 2A, Smithy Walk, 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 2A, Smithy Walk, 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.