2 Bed Bungalow, Refurb/BRRR, Sherborne, DT9 6RG, £325,000

Churchwell Street, Bradford Abbas, Sherborne, DT9 6RG - 2 views - a year ago

Refurb/BRRR
~95 m²
+10 photos

ValuationOvervalued

Sold Prices£117.7K - £375K
Sold Prices/m²£1.2K/m² - £4.6K/m²

 

 

Square Metres

~95.40 m²
Price/m²£3.4K/m²

Value Estimate

£212,887

 

 

End Value (After Refurb)

£312,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£38,679

Bridging Loan Interest

£8,531

Total Cash In

£151,410

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£312,500

Mortgage (After Refinance)

£234,375

Mortgage LTV

75%

Cash Left In

£151,410

Equity

£78,125

Rent Range

£575 - £2,200

Rent Estimate

£1,126

Running Costs/mo

£1,222

Cashflow/mo

£-96

Cashflow/yr

£-1,149

Gross Yield

4%

Local Sold Prices

33 sold prices from £117.7K to £375K, average is £170K. £1.2K/m² to £4.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£250K11/220.06 miWild Thyme Cottage, The Cross, Bradford Abbas, Sherborne, Dorset DT9 6RY2
£282K09/210.06 mi2, The Cross, Bradford Abbas, Sherborne, Dorset DT9 6RY2
£375K01/210.1 miKenlea, Westbury, Bradford Abbas, Sherborne, Dorset DT9 6RJ2
£270K12/221.11 mi5, The Green, Stoford, Yeovil, Somerset BA22 9UD2
£340K11/211.19 mi421, Church Road, Thornford, Sherborne, Dorset DT9 6QE2
£310K06/211.19 mi421, Church Road, Thornford, Sherborne, Dorset DT9 6QE2
£195K02/211.25 mi443, Longford Road, Thornford, Sherborne, Dorset DT9 6QQ2
£200K04/211.25 mi444, Longford Road, Thornford, Sherborne, Dorset DT9 6QQ2
£245.5K11/231.28 mi17, Blackbirds, Thornford, Sherborne, Dorset DT9 6QZ2
£245K07/231.3 mi26, Morston, Thornford, Sherborne, Dorset DT9 6RB2
£156K02/231.41 mi2, Newton Road, Stoford, Yeovil, Somerset BA22 9UW2
£220K02/211.49 mi23, The Green, Stoford, Yeovil, Somerset BA22 9UD2
£182K08/211.69 mi9, Clifton View, Barwick, Yeovil, Somerset BA22 9TU2
£130K12/211.76 mi10, Mowleaze, Barwick, Yeovil, Somerset BA22 9TY2
£155K03/211.76 mi34, Fairhouse Road, Barwick, Yeovil, Somerset BA22 9TL2
£173K06/231.79 mi44, Lyde Road, Yeovil, Somerset BA21 5DN2
£122K12/201.79 mi45, Lyde Road, Yeovil, Somerset BA21 5AT2
£162.5K03/231.8 mi23, Cromwell Road, Yeovil, Somerset BA21 5AN2
£133K12/201.83 mi21, Sandringham Road, Yeovil, Somerset BA21 5JE2
£142.5K03/211.85 mi6, Great Western Terrace, Yeovil, Somerset BA21 5AA2
£170K05/231.86 mi37, Cromwell Road, Yeovil, Somerset BA21 5AN2
£157.5K02/211.86 mi36, Cromwell Road, Yeovil, Somerset BA21 5AW2
£135K11/211.91 mi1, St Michael's Avenue, Yeovil, Somerset BA21 4LA2
£185K12/221.91 mi3, St Michael's Avenue, Yeovil, Somerset BA21 4LA2
£172K04/211.92 mi149, Sherborne Road, Yeovil, Somerset BA21 4HF2
£150K04/211.93 mi83, St Michaels Road, Yeovil, Somerset BA21 5AH2
£175K05/211.94 mi52, St Michaels Road, Yeovil, Somerset BA21 5AH2
£168K09/211.97 mi1, St Thomas Cross, Yeovil, Somerset BA21 4JT2
£150K04/211.97 mi5, St Thomas Cross, Yeovil, Somerset BA21 4JT2
£145K03/211.97 mi6, Alexandra Road, Yeovil, Somerset BA21 5AL2
£141.8K10/211.97 mi20, Alexandra Road, Yeovil, Somerset BA21 5AL2
£159K04/211.99 mi29, Lowther Road, Yeovil, Somerset BA21 5PF2
£117.7K09/212 mi12, Frylake Meadow, Yetminster, Sherborne, Dorset DT9 6EF2

Local Rents

50 rents from £575/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/240.15 miSouth View, Bradford Abbas2
£1,47003/240.73 mi-3
£1,50011/240.73 mi-3
£1,30012/230.74 mi-3
£1,30002/250.74 mi-3
£1,26504/240.77 mi-3
£1,26504/240.77 miWyke, Sherborne, DT93
£2,07507/240.8 mi-4
£2,04507/240.81 mi-3
£2,20003/240.81 miClifton Maybank, Yeovil, BA223
£2,20003/240.81 miClifton Maybank, Yeovil, BA223
£1,70001/240.81 mi-2
£1,30003/241.21 mi33 The Waldrons, Thornford, Sherborne, Dorset. DT9 6PX3
£62512/241.27 mi-2
£72505/241.27 mi-1
£74011/241.27 mi-1
£72504/241.27 miYeo Valley, Stoford, Yeovil, BA221
£1,10003/241.29 miMorston, Thornford, Sherborne, DT93
£1,10012/241.32 mi-3
£1,10001/251.32 mi-3
£1,10005/241.32 miHillside View, Yeovil, BA223
£1,20003/241.32 miHillside View, Stoford, YEOVIL3
£90001/241.33 mi-3
£95003/241.33 miQuarry Cottages2
£1,10005/241.45 miMeadow View, Stoford, Yeovil, Somerset, BA223
£1,25005/241.46 miCourt Lane, Stoford3
£72503/241.54 miHoopers Lane, Stoford, YEOVIL1
£1,20005/241.56 miSilver Street, Stoford, YEOVIL3
£1,90001/241.63 mi-3
£1,90002/251.63 mi-3
£80011/241.7 mi-1
£89504/241.77 miEastern Yeovil, Somerset2
£82503/241.78 miChepstow Court, Lyde Road, Yeovil2
£82503/241.78 miChepstow Court, Lyde Road, Yeovil2
£89503/241.78 miThe Mill, Barwick2
£95003/241.8 miHerblay Close, YEOVIL2
£1,05003/241.82 miLyde Road, Yeovil3
£80003/241.82 miLyde Road, YEOVIL1
£89511/241.83 mi-2
£89503/241.85 miVictoria Road, Yeovil2
£1,20003/241.85 miSherborne Road, YEOVIL3
£70004/241.86 miCromwell Road, YEOVIL1
£95003/241.86 miChurch Lane, Barwick, YEOVIL1
£1,05010/231.87 mi-3
£82503/241.87 miHillside Terrace, Yeovil2
£1,10003/241.89 miYeovil3
£95003/241.9 miRosebery Avenue, YEOVIL3
£60008/231.9 mi-1
£60003/241.9 mi-1
£57501/241.92 mi-1

Local Area Statistics

Population in DT9

20,760

Town centre distance

3.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £325,000

December 19, 2024

Listed for £350,000

May 14, 2024

Floor Plans

Description

  • No Onward Chain +
  • Quiet Location +
  • Outbuildings +
  • Garage & Parking +

A detached two bedroom, 1027 SQ FT bungalow tucked away in a quiet backwater yet a short step to the heart of the sought after village of Bradford Abbas. Private rear garden with excellent outbuilding arrangements, garage, generous off street parking. No Onward Chain.

The Rowans is situated in the heart of the idyllic village of Bradford Abbas and has been a much loved home for the past 30 years. The property is built of brick elevations under a tiled roof and has UPVC double glazed windows and doors, mains drainage and oil fired central heating. Internally the accommodation is well balanced offering bright and spacious living space with principle rooms enjoying pleasant garden outlooks. The property is need of gentle modernisation but has considerable potential to update, and presents a great opportunity to purchase a non-estate bungalow with an excellent range of outbuildings and private mature garden within a pretty part of this desirable village. The accommodation is centred around a generous l-shaped hallway, part of which could be utilised as a study area, there is also a useful cloaks cupboard. The generous kitchen has an outlook over the front and towards the lane into the village centre and is fitted with a range of cupboards and drawers with fitted electric hob and oven and space for white goods. There is space to accommodate a breakfast table and additionally a larder cupboard. The sitting/dining room has a sunny triple aspect with French doors to the garden and is divided into a comfortable lounge space overlooking the rear garden and a distinct dining area easily accessible from the adjacent kitchen. The two double bedrooms are particularly spacious both with garden views served by a bathroom which has both a bath and shower over.

Services
All main services connected, less gas. Oil fired central heating.
Council Tax Band C
Broadband & Mobile coverage can be checked at :- checker.ofcom.org.uk
Flood check :- gov.uk/check-flooding

The Rowans is situated a stone’s throw from the centre of the popular village of Bradford Abbas which is conveniently placed mid-way between the historic Abbey town of Sherborne and the local regional centre of Yeovil. The village has a good number of amenities including a church, a primary school, a public house, and a sports centre, while both Sherborne and Yeovil provide between them an excellent range of cultural, recreational and shopping facilities. Sporting, walking and riding opportunities abound within the area with golf clubs at both Sherborne and Yeovil while the region is well known for both its public and privately funded schooling. Communication links are good with a main line station at Sherborne linking directly with London Waterloo while road links are along the A303 joined at Wincanton giving swift access to London and the Home Counties along the M3, M25 route.

Double wrought iron gates open onto a split driveway providing ample parking and access to the garage which is equipped with an up and over door, power and light. There are two side gates to the rear garden which is a key salient feature of this property having diverse options with a range of outbuildings which include a large timber workshop, brick built workshop, greenhouse and garage, with all but the greenhouse equipped with power and light. The garden is laid to lawn, gently tiered with mature planted borders, apple tree and pretty rose arbour. An area of paved terrace immediately abuts the rear of the property which is an ideal seating area from which to enjoy the garden setting.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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