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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Mill Race Close, Ormskirk is a modern apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mill Race Close, Ormskirk is £160,888 and the estimated rental value is £930 per month.
Mill Race Close, Burscough, Ormskirk, L40 is located in the borough of West Lancashire within the L40 postal district.
2, Mill Race Close, Ormskirk has no records in the the Land Registry and a single entry in the EPC database dated February 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2, Mill Race Close, Ormskirk is in very good condition we estimate a sale value of £168,933 and a rental value of £976 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,626 and a rental value of £865 per month.
Over the last 12 months the sale value of 2 Mill Race Close Ormskirk has increased by an estimated £654 (0.4%) and its rental value has increased by an estimated £24 per month (2.5%), giving an expected gross yield of 6.9%.
2, Mill Race Close, Ormskirk has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Feb 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mill Race Close, Ormskirk within a radius of 730 metres over the last 2 years.
The most recent example is 2, Finch Road, Ormskirk, L40 7BJ, a leasehold flat which sold for £246,389 on the 31st July 2023.
Read more about house prices in L40.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Race Close, Burscough, Ormskirk, L40 has a total of 13 addresses. According to our analysis of all the public data, 2, Mill Race Close, Ormskirk is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in L40.
The closest station to 2, Mill Race Close, Ormskirk is Burscough Junction station which is 800 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 2, Mill Race Close, Ormskirk, 50.9% of property is privately owned with a mortgage and 31.7% is privately owned outright.
The graph below shows how this compares to North West 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 2, Mill Race Close, Ormskirk, 16.6% of residents are recorded as possessing school level qualifications and 47.1% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Mill Race Close, 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 2, Mill Race Close, 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 2, Mill Race Close, Ormskirk, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.
