5 Bed Detached House, Planning Permission, Bridport, DT6 5PA, £1,945,000

Pilsdon, Bridport, Dorset, DT6 5PA - 1 views - 6 months ago

Planning
~178 m²
+12 photos

ValuationOvervalued

Sold Prices£389.9K - £730K
Sold Prices/m²£2.4K/m² - £4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£10.9K/m²

Value Estimate

£557,930

 

 

End Value (After Refurb)

£668,561

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£486,250

Stamp Duty & Legal Fees

£204,200

Refurb Costs

£72,290

Bridging Loan Interest

£51,056

Total Cash In

£815,546

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£668,561

Mortgage (After Refinance)

£501,420

Mortgage LTV

75%

Cash Left In

£815,546

Equity

£167,140

Rent Range

£1,700 - £3,500

Rent Estimate

£2,750

Running Costs/mo

£2,659

Cashflow/mo

£91

Cashflow/yr

£1,089

ROI

0%

Gross Yield

2%

Local Sold Prices

5 sold prices from £389.9K to £730K, average is £535K. £2.4K/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£389.9K12/202.41 miThe Oaks, The Common, Broadwindsor, Beaminster, Dorset DT8 3QH4
£410K03/232.46 mi24, Redlands Lane, Broadwindsor, Beaminster, Dorset DT8 3ST4
£555K08/212.58 mi22, Pitchers, Salwayash, Bridport, Dorset DT6 5QS4
£535K01/212.77 miThe Calico House, Bakers Cross, Whitchurch Canonicorum, Bridport, Dorset DT6 6RF4
£730K08/233 miThe Old Cottage, St James Road, Netherbury, Bridport, Dorset DT6 5LW4

Local Rents

3 rents from £1.7K/mo to £3.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,70003/251.42 mi-3
£3,50005/242.06 miMarshwood, Bridport, DT65
£2,00012/242.09 mi-4

Local Area Statistics

Population in DT6

21,663

Town centre distance

4.36 miles away

Nearest school

2.30 miles away

Nearest train station

6.35 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £1,945,000

September 16, 2024

Floor Plans

Description

  • Excellent residential farm close to Bridport and the coast +
  • Set at the end of a long drive surrounded by the National Landscape (AONB) +
  • Handsome Victorian farmhouse with outstanding panoramic views over the Marshwood Vale +
  • Generous, accommodation with 5 bedrooms, 3 ensuite +
  • Stable block and workshop +
  • Separate yard of versatile farm buildings +
  • Traditional ham stone barn with planning to convert into a 3 - bedroom dwelling with separate access drive +
  • In all 30.97 acres of well fenced pastureland +
  • Gerrards Farm available as a whole or in two lots +

An excellent 30.97 acre (12.53 ha) residential farm set in an elevated position in the Marshwood Vale close to Bridport and the coast.

Situation - Gerrards Farm occupies a superb, elevated setting in the heart of the popular Marshwood Vale just to the northeast of the hamlet of Shave Cross with its ancient inn. The property is surrounded by the rolling West Dorset countryside, designated a National Landscape (Area of Outstanding Natural Beauty). The nearby Georgian market town of Bridport offers a wide range of amenities including restaurants, good independent shops, a twice weekly market and a Waitrose. This vibrant town offers a range of cultural activities including the Electric Palace Theatre, Arts Centre and Leisure Centre. The coast at West Bay with its picturesque harbour and access to the World Heritage Site Jurassic Coast, provides excellent opportunities for walking, fishing and swimming. The county town of Dorchester is easily accessible with a wider range of facilities and cultural activities. The A35 provides a route to the A31 and London. Mainline railway stations are available at Crewkerne and Dorchester.

The Property - Gerrards Farm was formerly part of the Pilsdon Manor Estate and has not been offered on the open market for nearly sixty years. The property offers prospective purchasers the rare opportunity to acquire a versatile country property with land and the potential to develop a barn conversion, well separated from the farmhouse, within this sought after area of West Dorset.

Lot One - Farmhouse, Stable Yard And About 18.71 A - The handsome south facing farmhouse is constructed of part-rendered stone elevations under a tiled roof. The accommodation epitomizes the style of the era with generous sized rooms, high ceilings and character features such as original joinery, Victorian floor tiles in the hallway and period fireplaces. Many of the rooms are dual aspect creating a light filled house with panoramic views in all directions, to the sea at Charmouth, as well as the Iron Age hill forts of Pilsdon Pen and Lewesdon Hill. The kitchen is very much the heart of the home, with a handmade kitchen and an Aga, providing space for dining or relaxing by the wood burner. The generous, triple aspect 29 foot drawing room is perfect for entertaining and modern living. Upstairs the master bedroom has en-suite bathroom, there are a further four bedrooms, two with an ensuite shower and a family bathroom

Outside - The farmstead is approached over a long driveway, flanked by fields, which leads up to the farmhouse. The low maintenance gardens are largely laid to lawn with a range of mature shrubs. The rear drive continues down, past the access to the farmyard to rejoin the public highway. To the rear of the farmhouse are:
1. Garden/Domestic Stores brick built with Lean-to Garage/Workshop at rear (12.94m x 5.56m)
2. L shaped Stable Block (10.9m x 4.8m & 7.6m x 3.6m) housing three looseboxes, foaling box and a feed store with a concrete yard.
The gently sloping west and south facing pastureland is offered in good heart and well fenced for livestock or equestrian purposes, providing utility and protection.

Lot Two - Barn With Planning Permission For Conver - North of the farmstead, well shielded from the farmhouse, with separate access from the rear farm drive, is a lower yard. There are a range of farm buildings set around extensive concrete yards. The attractive, traditional Hamstone Barn (12.03m x 6.04m) with tiled roof has planning permission to convert into a double storey 3-bedroom dwelling. There are additional buildings including:
1. Steel framed and block former Milking Parlour with Leanto Dairy (22.5m x 13.9m)
2. Farm Building (21.40m x 6.38m) steel framed, 4 bay, housing 5 loose boxes
3. General Purpose Farm Building (21.4m x 18.9m) concrete portal and block (former cubicle house)
4. Dilapidated Former Milking Parlour (8.6m x 10.3m maximum) steel framed
To the north of the yard with access from the rear farm drive is 12.26 acres of level or gently sloping pastureland, with a pretty stream running through.

Services - Lot One: Main electricity. Main water. Private drainage. Fibre broadband.
Lot Two: Main electricity. A right to connect to main water, (if sold separately) will be granted over Lot One.

Tenure - Freehold with vacant possession upon completion.

Planning - Planning permission has been granted for conversion of barn to a 3-bedroom dwelling, which will require two agricultural barns to be demolished and a detached bat feeding roost building
to be erected. (West Dorset District Council Planning Ref: P/FUL/2022/06940 Decision date 7 February 2023).

Fencing Obligation - If sold in lots the purchasers of Lots 1 and 2 will equally share the cost of erecting and maintaining thereafter a new stock proof fence between the two Lots. The boundary will be pegged for identification purposes.

Sporting - All rights are understood to be owned and included in the sale. Hunting with The Seavington Foxhounds. Racing at Taunton or Wincanton. Golf at Bridport. Sailing on the coast at West Bay or Portland.

Rights Of Way - Two public footpaths cross the farm.

Education - Primary schooling at Marshwood. Good State secondary schools at The Woodroffe School and the excellent Colyton Grammar School. Independent Schools in the area include Perrott Hill, Sherborne, Millfield and Milton Abbey.

Local Authority - West Dorset District Council. Tel: Council Tax Band: G

Designations - Gerrards Farm is located in the Dorset National Landscape (AONB). The farm is not located in a Nitrate Vulnerable Zone (NVZ) and has no Sites of Special Scientific Interest (SSSI).

Agent Details

Symonds & Sampson, Axminster

01297 300894

Next Steps?

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