According to the public record, Apartment 2, The Engine House, Ormskirk is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Engine House, Mill Lane, Burscough, Ormskirk, L40.
Mill Lane, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
Apartment 2, The Engine House, Ormskirk has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated January 2016.
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 Apartment 2 The Engine House Ormskirk as £167,324 and the rental value as £827 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Apartment 2 The Engine House Ormskirk has increased by £2,212 (1.3%) and its rental value has increased by £43 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 Apartment 2, The Engine House, Ormskirk is in very good condition we estimate a sale value of £175,690 and rental value of £868 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £155,611 and a rental value of £769 per month.
If you were able to purchase this property for the estimated value of £167,324, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £822 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, Apartment 2, The Engine House, Ormskirk was last sold on 31 Aug 2022 for £152,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2, The Engine House, Ormskirk within a radius of 690 metres over the last 2 years.
The most recent example is Apartment 12, Ainscough Mill, Mill Lane, Ormskirk, L40 5UX, a Leasehold flat which sold for £170,000 in Jan 2024.
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, Apartment 2, The Engine House, Ormskirk is the 71st largest and the 89th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in L40.
Apartment 2, The Engine House, Ormskirk has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jan 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Apartment 2, The Engine House, Ormskirk is Burscough Junction 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 Apartment 2, The Engine House, 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 Apartment 2, The Engine House, 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 Apartment 2, The Engine House, 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 Apartment 2, The Engine House, 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 Apartment 2, The Engine House, 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.