23 Stanley Street, Ormskirk

Description

A wonderful opportunity to acquire this well proportioned and versatile end of terrace house, in a well regarded area of the town, in need of a comprehensive scheme of modernisation, but offering significant scope to add value. End of terrace houses of various sizes are available (within a 5 mile radius) currently up to £300,000, and projected rental income in good order of circa £1200 pcm (£14,400 per annum) once renovated.

Accommodation

Ground Floor: Entrance Hall, Lounge, Dining Room, Kitchen. First Floor: Bedroom 1, Bedroom 2, Bedroom 3, Potential Shower/Bathroom. Outside: Off road parking to the front and rear garden.

Location

The property is situate on Stanley Street, Ormskirk, in the heart of the town, within convenient reach of a wide range of local facilities and amenities, including the town centre and rail station providing transport links across the North West of England.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £120,000 to £185,000, with the two latest sales at £170,000 and £185,000. A base GDV of £185,000 is used, but comparable size, specification and condition are not provided. The auctioneer's statement of values up to £300,000 within five miles supports only a broad high scenario.

Investment Snapshot

Strategy Recommendation

Investigate as a refurbishment-led BTL or BRRR opportunity only after inspection, legal-pack review and confirmed works quotations. Do not rely on the guide-price yield or £300,000 high scenario.

Works Required

Comprehensive modernisation as described, including kitchen and general internal updating. Investigate and provide the potential first-floor shower/bathroom facility. Exact works require inspection and quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A theoretical 75% refinance of the £185,000 base GDV is £138,750. BRRR viability and cash left in cannot be calculated without refurbishment costs, purchase price achieved, legal-pack charges and finance costs.

Buy-to-Let Analysis

The auctioneer estimates £1,200 pcm after renovation, equating to £14,400 annually. This produces 28.8% gross yield against the £50,000 guide only; yield on the completed total cost cannot be established because refurbishment and other costs are unknown. The rent is an estimate, not achieved rent.

Flip Analysis

Indicative resale values are highly uncertain: £120,000 low, £185,000 base and £300,000 high, based on supplied evidence. No refurbishment allowance, selling costs or purchase premium are available, so flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Comprehensive modernisation is required, but no costed scope or survey is supplied.

• The £1,200 pcm figure is an auctioneer estimate and no specific external rental comparables were identified.

• Comparable sale sizes, specifications and conditions are not provided.

• EPC rating and heating information are unavailable.

• Buyer disbursements, searches, seller costs, legal fees and transfer fees may be payable but are unspecified.

• The £300,000 value reference relates to various end-terrace houses within five miles, not a direct comparable.

Recommendation

Investigate as a refurbishment-led BTL or BRRR opportunity only after inspection, legal-pack review and confirmed works quotations. Do not rely on the guide-price yield or £300,000 high scenario.

Strategy Rating

Analysis Confidence

There are several relevant same-street sales, but property condition, comparable specifications, refurbishment costs, EPC, heating, achieved rents and full purchase charges are unknown.