We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom detached house · L39 1PD
Listing removedListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auctioneers Comments: This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties).
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
The Perfect Project – Renovation Home in Prime Ormskirk Location Situated in a popular residential spot along Grimshaw Lane in Ormskirk, this three-bedroom detached bungalow presents a fantastic opportunity for buyers looking to put their own stamp on a property.
Offered with no upward chain, the home benefits from a generous rear extension and a versatile layout, giving it superb potential for modernisation or reconfiguration.
This property is in need of renovation, making it ideal for investors, developers, or buyers looking to put their own stamp on a home.
With the right vision, this could be transformed into a fantastic modern residence in a highly desirable location.
The property offers secure, gated off-road parking with a generous multi-car driveway, along with a great garage providing additional secure parking or valuable storage space.
Stepping inside, you are welcomed through the entrance porch into a spacious hallway, complete with useful additional storage.
The kitchen/dining room is a bright and open space with excellent scope for modernisation, offering ample room for dining, plentiful worktop surfaces and space for appliances.
To the left of the hallway is a spacious lounge featuring a large front-aspect window that floods the room with natural light.
This inviting space offers plenty of flexibility, making it easy to configure and personalise to suit your lifestyle.
Moving through the property, the inner hallway leads to the bedrooms and additional living areas.
The main bedroom provides ample room for a double bed and further furnishings, complemented by a large window overlooking the rear garden.
The three additional rooms offer versatile space to tailor to your needs—whether as guest bedrooms, a nursery or a home office.
The family bathroom, while in need of modernisation, presents the ideal opportunity to create a stylish and functional space to your own taste.
Within the property’s extension, a bright sunroom overlooks the rear garden, offering an additional reception area ideal for relaxation or entertaining.
Alongside this are further versatile rooms, perfectly suited as playrooms, hobby spaces or extra storage.
The rear garden itself features a lawned area and a useful storage shed, creating a pleasant outdoor space to enjoy.
The bungalow offers a large boarded loft with full length headroom, providing excellent additional storage potential.
Overall, this spacious and adaptable bungalow offers fantastic potential for anyone looking to create a home tailored to their own style.
With its generous layout, sought-after location and no upward chain, it represents a wonderful opportunity not to be missed.
Cut of date 10th June EPC Rating: E Garden The rear garden itself features a lawned area and a useful storage shed, creating a pleasant outdoor space to enjoy.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Grimshaw Lane, Ormskirk, L39
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