2 Bed Terraced House, Refurb/BRRR, Sherborne, DT9 5AG, £150,000

8 High Street, Milborne Port, Sherborne, Somerset, DT9 5AG - 1 views - 9 months ago

Sold STC
Cash
Refurb/BRRR
~139 m²
+11 photos

ValuationUndervalued

Sold Prices£148.5K - £390K
Sold Prices/m²£1.9K/m² - £5.9K/m²

 

 

Square Metres

~139.40 m²
Price/m²£1.1K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£373,699

Uplift in Value

+149%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£56,519

Bridging Loan Interest

£3,938

Total Cash In

£108,406

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£373,699

Agent Fees (1%)

£3,737

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£149,056

Local Sold Prices

51 sold prices from £148.5K to £390K, average is £245K. £1.9K/m² to £5.9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£255K04/210.11 miRosebank, Sansomes Hill, Milborne Port, Sherborne, Somerset DT9 5AJ2
£219.9K03/210.18 miQuayside Cottage, Cold Harbour, Milborne Port, Sherborne, Somerset DT9 5EL2
£238K11/220.2 mi3, East View, Milborne Port, Sherborne, Somerset DT9 5DZ2
£230K08/230.2 mi3, Gascoigne Place, Milborne Port, Sherborne, Somerset DT9 5FE2
£230K03/210.23 mi32, Redwing Road, Milborne Port, Sherborne, Somerset DT9 5DB2
£194K05/210.3 mi28, Bauntons Close, Milborne Port, Sherborne, Somerset DT9 5BY2
£194K05/210.3 mi28, Bauntons Close, Milborne Port, Sherborne, Somerset DT9 5BY2
£240K12/200.3 mi3, Plover Close, Milborne Port, Sherborne, Somerset DT9 5DD2
£220K11/220.36 mi45, Prankerds Road, Milborne Port, Sherborne, Somerset DT9 5BX2
£207.5K08/230.4 mi54, Gainsborough, Milborne Port, Sherborne, Somerset DT9 5BB2
£230K04/210.41 mi36, Bauntons Orchard, Milborne Port, Sherborne, Somerset DT9 5BP2
£200K11/220.44 miAsh Cottage, Lower Kingsbury, Milborne Port, Sherborne, Somerset DT9 5ED2
£299.9K07/230.51 mi11, Henning Way, Milborne Port, Sherborne, Somerset DT9 5HN2
£327.5K05/210.61 mi35, Newtown, Milborne Port, Sherborne, Somerset DT9 5BJ2
£207K04/212.01 mi3, The Bungalows, Poyntington, Sherborne, Dorset DT9 4LE2
£375K11/232.09 mi19, Castle Road, Sherborne, Dorset DT9 3RW2
£365K08/232.13 mi1, Earls Close, Sherborne, Dorset DT9 3RS2
£370K03/232.14 mi24, Castle Road, Sherborne, Dorset DT9 3RP2
£245K03/212.18 mi16, Chandlers, Sherborne, Dorset DT9 3RT2
£305K06/212.18 mi27, Chandlers, Sherborne, Dorset DT9 3RT2
£199K12/202.27 mi86, Granville Way, Sherborne, Dorset DT9 4AT2
£222K03/232.27 mi139, Granville Way, Sherborne, Dorset DT9 4AT2
£220K03/232.27 mi85, Granville Way, Sherborne, Dorset DT9 4AT2
£270K02/212.29 mi9, Hill House Close, Sherborne, Dorset DT9 3AN2
£360K07/232.29 mi9, Hill House Close, Sherborne, Dorset DT9 3AN2
£245K11/222.31 mi28, Granville Way, Sherborne, Dorset DT9 4AS2
£190K07/212.39 mi16, St Aldhelms Road, Sherborne, Dorset DT9 4EB2
£208K09/212.39 mi60, St Aldhelms Road, Sherborne, Dorset DT9 4EB2
£228K03/232.39 mi120, Newland, Sherborne, Dorset DT9 3DT2
£265K07/232.46 mi4, Wootton Grove, Sherborne, Dorset DT9 4DL2
£182K01/232.46 mi4, Coldharbour, Sherborne, Dorset DT9 4AH2
£350K05/232.47 miLavender Cottage, Long Street, Sherborne, Dorset DT9 3DJ2
£162.5K01/212.48 mi26, Simons Road, Sherborne, Dorset DT9 4DN2
£245K12/222.49 mi15, Simons Road, Sherborne, Dorset DT9 4DW2
£225K11/202.51 mi11, Fairmont Terrace, Sherborne, Dorset DT9 3JS2
£183K04/212.51 mi55, Coldharbour, Sherborne, Dorset DT9 4HB2
£250K04/212.54 mi5, The Wilderness, Sherborne, Dorset DT9 3AE2
£285K02/232.59 miHaven Cottage, 2, Bristol Road, Sherborne, Dorset DT9 4HS2
£308K06/212.61 mi23, Hound Street, Sherborne, Dorset DT9 3AB2
£310K09/212.62 miThe Shires, Bristol Road, Sherborne, Dorset DT9 4HR2
£305K06/212.63 miLittle Thornbank, Long Street, Sherborne, Dorset DT9 3BS2
£148.5K02/212.7 mi35, Bowden Road, Templecombe, Somerset BA8 0LF2
£215K06/232.7 mi61, Bowden Road, Templecombe, Somerset BA8 0LF2
£310K06/212.7 mi5, South Street, Sherborne, Dorset DT9 3LT2
£256K06/212.75 miThe Chapel, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£300K02/222.75 miField View, 1a, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£256K06/212.75 miThe Chapel, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£262K02/212.75 miThe Matchbox, Greenhill, Sherborne, Dorset DT9 4EP2
£262K02/212.75 miThe Matchbox, Greenhill, Sherborne, Dorset DT9 4EP2
£187.5K10/232.75 miHill Cottage, Greenhill, Sherborne, Dorset DT9 4EP2
£390K10/222.76 mi345, Mundens Lane, Alweston, Sherborne, Dorset DT9 5HU2

Local Rents

38 rents from £600/mo to £1.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£77512/230.1 mi-1
£60003/240.13 miLambert Court, Lambert Close, Milborne Port DT9 5AF1
£85003/240.16 miMilborne Port1
£79504/240.16 miMilborne Port2
£1,40005/240.17 miBathwell Lane, Milborne Port3
£1,40005/240.23 miEast Street, Milborne Port3
£1,05012/240.23 mi3 Wilson Close, DT92
£1,25003/240.3 miLion Drive, Milborne Port, Sherborne, Somerset, DT93
£1,35003/240.35 miMillborne Port4
£1,40003/240.36 miMilborne Port3
£1,50004/240.36 miHanover View, Milborne Port, SHERBORNE3
£97501/250.39 mi-1
£97501/250.39 mi-1
£1,30003/241.33 miChurch Cottages, Purse Caundle, Sherborne3
£1,10005/241.37 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£1,10005/241.44 miOborne, Sherborne2
£85007/232.07 mi-1
£85009/232.07 mi-1
£87501/252.07 mi-1
£97503/252.07 mi-1
£1,15010/242.07 mi-2
£98006/242.1 mi-1
£98005/242.1 miClare Cottage, Sherborne, DT91
£1,08512/232.12 mi-2
£70005/242.24 miCedar Park, Granville Way, Sherborne1
£87503/242.26 miGranville Way, Sherborne2
£80005/242.27 mi-1
£80005/242.27 miCedar Park, Sherborne, DT91
£1,20012/232.27 mi-3
£95010/232.27 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£1,50004/242.29 miBede Street, Sherborne, Dorset, DT93
£1,50005/242.29 miBede Street, Sherborne, Dorset, DT93
£1,15010/232.31 miGranville Way, Sherborne, Dorset, DT9 4AS3
£1,00003/242.35 miCharlton Horethorne1
£1,75003/242.4 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£80011/232.41 mi-3
£1,50003/242.42 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£1,00003/242.43 miThe Avenue, Sherborne, DT91

Local Area Statistics

Population in DT9

20,760

Town centre distance

2.84 miles away

Nearest school

0.10 miles away

Nearest train station

2.74 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £150,000

September 25, 2024

Listed for £160,000

August 3, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • Informal Tender Sale +
  • Ripe For Renovation +
  • Scope To Convert To One Dwelling +

CASH BUYERS ONLY! A two bedroom Grade II listed terraced character cottage and integral retail premise, offering scope to convert into one dwelling. Located in the heart of the ever popular village of Milborne Port and ripe for renovation. No onward chain.

8 High Street is a handsome double fronted, Grade II listed terraced character cottage with attractive stone elevations under a tiled roof, requiring refurbishment but with scope for extension/reconfiguration STPP. The former retail element of the property was successfully run as a well-loved Florist and could offer income generation once again. The property has retained a host of character features with exposed beams and brick throughout the main of the cottage. Currently the cottage is arranged with the shop frontage which could be converted to create versatile living spaces, leading into the lounge with dining room and kitchen beyond. There is a conservatory area on the ground floor which is currently inaccessible. The first floor has two good sized bedrooms served by the bathroom.

Services
All mains connected. Council Tax Band A.
Broadband: Ultrafast broadband is available—highest available download speed 1000 Mbps, highest available upload speed 220 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2 AND THREE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider. 
Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).

Agents Note
Please note that the former shop frontage is still classed as retail. There was a Planning Application made in 1998 to have this converted to a fully residential unit which was approved at the time.
Mortgage lenders consider the property to have a retail floor area greater than 40% of the total, therefore restricting mortgage lending.
The kitchen extension is also of single skin construction.

8 High Street is situated in the heart of Milborne Port and the main thoroughfare and is a popular Somerset village with a wealth of facilities, some of which include a Co-op food store, a health centre, two public houses, a well-regarded restaurant "The Clockspire", a primary school, a church and a village hall. Both the historic Abbey town Sherborne and the local regional central centre of Yeovil lie within short motoring distance providing between them an excellent range of cultural, recreational and shopping facilities. Sporting, walking and riding opportunities abound within the area, 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.

The garden at the rear is private and enclosed and measures at approximately 65-70ft long.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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