According to the public record, Flat 2A, Palais Building, Ormskirk is a period apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Palais Building, Liverpool Road North, Burscough, Ormskirk, L40.
Liverpool Road North, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
Flat 2A, Palais Building, Ormskirk has no records in the Land Registry database and a single entry in the EPC database dated October 2013.
We combine this information with public data 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 Flat 2A Palais Building Ormskirk as £161,619 and the rental value as £812 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 2A Palais Building Ormskirk has increased by £1,313 (0.8%) and its rental value has increased by £38 per month (4.6%).
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 Flat 2A, Palais Building, Ormskirk is in very good condition we estimate a sale value of £169,700 and rental value of £852 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,305 and a rental value of £755 per month.
If you were able to purchase this property for the estimated value of £161,619, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £794 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2A, Palais Building, Ormskirk within a radius of 700 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.
Liverpool Road North, Burscough, Ormskirk, L40 has a total of 67 addresses. According to our analysis of all the public data, Flat 2A, Palais Building, Ormskirk is the 33rd largest and the 28th most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in L40.
Flat 2A, Palais Building, Ormskirk has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 01 Oct 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric heaters.
The closest station to Flat 2A, Palais Building, Ormskirk is Burscough Bridge 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 Flat 2A, Palais Building, Ormskirk, 37.9% of property is privately rented and 33.7% 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 Flat 2A, Palais Building, Ormskirk, 16.9% of residents are recorded as possessing school level qualifications and 36.9% 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 Flat 2A, Palais Building, 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 Flat 2A, Palais Building, 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 Flat 2A, Palais Building, Ormskirk, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.