4 Bed Detached House, Refurb/BRRR, Sherborne, DT9 5LF, £1,050,000

Holwell, Sherborne, DT9 5LF - 8 months ago

Sold STC
Refurb/BRRR
~129 m²
+8 photos

ValuationOvervalued

Sold Prices£242.5K - £700K
Sold Prices/m²£3K/m² - £7.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£8.1K/m²

Value Estimate

£422,875

 

 

End Value (After Refurb)

£560,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£262,500

Stamp Duty & Legal Fees

£99,950

Refurb Costs

£52,406

Bridging Loan Interest

£27,563

Total Cash In

£444,169

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£560,000

Mortgage (After Refinance)

£420,000

Mortgage LTV

75%

Cash Left In

£444,169

Equity

£140,000

Rent Range

£650 - £1,250

Rent Estimate

£924

Running Costs/mo

£1,955

Cashflow/mo

£-1,031

Cashflow/yr

£-12,370

Gross Yield

1%

Local Sold Prices

11 sold prices from £242.5K to £700K, average is £525K. £3K/m² to £7.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£550K08/210.69 miBriar Cottage, Packers Hill, Holwell, Sherborne, Dorset DT9 5LN4
£470K08/211.22 mi8, Meadow Vale, Pulham, Dorchester, Dorset DT2 7HU4
£545K06/211.23 mi8, Halsey Green, Pulham, Dorchester, Dorset DT2 7UG4
£242.5K11/201.54 mi31, Hill View, Bishops Caundle, Sherborne, Dorset DT9 5NH4
£590K04/231.69 miSarum House, Caundle Street, Bishops Caundle, Sherborne, Dorset DT9 5ND4
£510K06/212.77 miMistletoe Cottage, Cat Lane, Stourton Caundle, Sturminster Newton, Dorset DT10 2JX4
£700K10/232.81 miPleck Farmhouse, Pleck, Hazelbury Bryan, Sturminster Newton, Dorset DT10 2EF4
£525K06/212.83 mi3, Partway Lane, Hazelbury Bryan, Sturminster Newton, Dorset DT10 2DP4
£610K02/212.91 mi5, The Orchard, Wonston, Sturminster Newton, Dorset DT10 2ER4
£520K08/232.91 mi7, The Orchard, Wonston, Sturminster Newton, Dorset DT10 2ER4
£470K03/212.97 miRoseland House, Pidney, Hazelbury Bryan, Sturminster Newton, Dorset DT10 2EB4

Local Rents

5 rents from £650/mo to £1.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,25005/241.2 miHolwell, Sherborne, Dorset, DT93
£1,20004/241.24 miPulham, Dorchester3
£75005/241.66 miThe Beeches Bishops Caundle1
£65004/251.81 mi-1
£72011/241.81 mi-2

Local Area Statistics

Population in DT9

20,760

Town centre distance

5.80 miles away

Nearest school

1.60 miles away

Nearest train station

5.22 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £1,050,000

August 14, 2024

Floor Plans

Description

  • Individually designed detached 4 bedroom home +
  • Well proportioned rooms extending to 2,147 sq.ft. +
  • Scope for modernisation +
  • Double garage, workshop and 1 bedroom annexe +
  • 3-bay farm building with potential for alternative uses +
  • Two level pasture fields +
  • Pleasant edge of village location with countryside views +
  • In total 9.46 acres (3.83 hectares) +
  • Freehold with no onward chain +

An attractive detached house with excellent outbuildings and land in this popular village

Woodlea Farmhouse - An individually designed detached family home constructed by the seller in 1985 and offered for sale for the first time. The imposing house is constructed of local brick elevations with stone quoins under a tiled roof and benefits from double glazing throughout.

The house enjoys a double gated entrance to a gravelled parking and turning area, a well-maintained garden with level lawn and shrub borders and to the rear is a productive vegetable garden.

Accommodation - Well proportioned and light rooms commence with an impressive entrance hall. The 22ft long sitting room boasts a triple aspect outlook, timber beams and a stone surround fireplace with inset log burner. On the first floor are 4 double bedrooms and 2 bathrooms.

Containing original fittings, the house offers scope for a buyer to modernise and stamp their own mark on this impressive house.

The Annexe - A separate annexe, situated above a useful double garage and workshop, is perfect for a relative or as a potential income stream. It comprises a living room, double bedroom, bathroom and well-equipped modern kitchen. Adjoining is a double carport.

Farm Building - A steel and concrete frame, part timber clad 4-bay barn and lean-to’s measuring in total 60ft x 60ft. It is currently home to a small pedigree Simmental suckler herd and offers scope for a range of uses including potential for Class Q conversion, subject to consent. Also an old timber garage.

The Land - Two fields of level permanent pasture in good heart and enclosed within mature hedgerow boundaries. The land and farm building enjoy a separate road entrance.

Services - Mains water, electricity and drainage.
Oil fired central heating to the farmhouse and annexe.
Broadband - high speed fibre (BT).

Location - Woodlea Farm is situated in an enviable edge of village position overlooking unspoilt Blackmore Vale countryside. Holwell is a popular village with an active village hall and nursery school. Nearby Bishops Caundle village (2 miles) has a village shop, primary school, garage and pub.

The Abbey town of Sherborne is 6 miles away, offering high street boutique shops, two supermarkets, two leisure centres, excellent private and state schooling and a mainline railway station (Waterloo 2hrs15mins).

Directions - From the centre of Holwell take the road signed Pulham and after 300 yards the property is on the right hand side.

What3words ///gambles.perfume.machinery

Material Information - Dorset Council Tax Band F (house & annexe)

Viewings - By appointment only with the agents.

Agent Details

Symonds & Sampson, Sturminster Newton

01258 442271

Next Steps?

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