Modern Method of Auction
Auction date not yet published
1-bedroom flat · L39 3BS
For saleReduced £10k (−33.3%) on 16 OctListed 495 days
Opportunity summary
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About
Nestled in the charming market town of Ormskirk, this delightful flat on Aughton Street offers a wonderful opportunity for those over 55 years seeking to downsize or simply seeking a new chapter in a welcoming environment, this flat offers a perfect blend of comfort, convenience, and community spirit.
The property features one well-proportioned bedroom. The inviting reception room provides a warm and welcoming space for enjoying eating your meal overlooking the well maintained communal gardens.
The flat boasts a modern wet room shower, designed for ease of use and accessibility, ensuring that daily routines are both comfortable and practical.
There is a well-equipped kitchen with sinker drainer, hob over extractor and oven.
Residents will appreciate the added benefits of communal gardens, providing a serene outdoor space to enjoy the fresh air and connect with neighbours.
This property is ideally situated within a vibrant community, with resident amenities such as hairdressers, bistro and lounge. The property is subject to a shared ownership lease.
50% share in the property with the remainder being held with the landlord. There is a covenant in the lease which restricts the sale of the property to anybody under 55 years.
Leasehold Start Date - 30/05/2013 End Date - 30/05/2138 125 Years with 114 approx.
Remaining Weekly Shared Ownership Rent £60.33 Weekly Service Charge Including Utilities £168.00 Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £45,000 Bedroom 1 (4.20 x 3.40 (13'9" x 11'1")) Hall Bathroom Kitchen (3.10 x 2.20 (10'2" x 7'2")) Lounge (4.40 x 4.20 (14'5" x 13'9")) Communal Entrance Communal Hallway Communal Seating
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Brookside, Apt 105, Aughton Street, Ormskirk
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