2 Bed Terraced House, Refurb/BRRR, Sherborne, DT9 5DR, £185,000

31 East Street, Milborne Port, Sherborne, Dorset DT9 5DR - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~78 m²
+13 photos

ValuationUndervalued

Sold Prices£148.5K - £375K
Sold Prices/m²£1.9K/m² - £5.9K/m²

 

 

Square Metres

~78.13 m²
Price/m²£2.4K/m²

Value Estimate

£190,550
BMV3%

 

 

End Value (After Refurb)

£245,802

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£31,677

Bridging Loan Interest

£4,856

Total Cash In

£94,983

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£245,802

Mortgage (After Refinance)

£184,352

Mortgage LTV

75%

Cash Released

£45,602

Cash Left In

£49,382

Equity

£61,451

Rent Range

£600 - £1,500

Rent Estimate

£1,060

Running Costs/mo

£1,000

Cashflow/mo

£60

Cashflow/yr

£718

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £148.5K to £375K, average is £230K. £1.9K/m² to £5.9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£219.9K03/210.23 miQuayside Cottage, Cold Harbour, Milborne Port, Sherborne, Somerset DT9 5EL2
£255K04/210.24 miRosebank, Sansomes Hill, Milborne Port, Sherborne, Somerset DT9 5AJ2
£230K08/230.28 mi3, Gascoigne Place, Milborne Port, Sherborne, Somerset DT9 5FE2
£238K11/220.29 mi3, East View, Milborne Port, Sherborne, Somerset DT9 5DZ2
£230K03/210.34 mi32, Redwing Road, Milborne Port, Sherborne, Somerset DT9 5DB2
£190K10/200.38 mi8, Plover Road, Milborne Port, Sherborne, Somerset DT9 5DA2
£194K05/210.38 mi28, Bauntons Close, Milborne Port, Sherborne, Somerset DT9 5BY2
£194K05/210.38 mi28, Bauntons Close, Milborne Port, Sherborne, Somerset DT9 5BY2
£240K12/200.4 mi3, Plover Close, Milborne Port, Sherborne, Somerset DT9 5DD2
£200K11/220.44 miAsh Cottage, Lower Kingsbury, Milborne Port, Sherborne, Somerset DT9 5ED2
£220K11/220.47 mi45, Prankerds Road, Milborne Port, Sherborne, Somerset DT9 5BX2
£299.9K07/230.48 mi11, Henning Way, Milborne Port, Sherborne, Somerset DT9 5HN2
£230K04/210.51 mi36, Bauntons Orchard, Milborne Port, Sherborne, Somerset DT9 5BP2
£207.5K08/230.52 mi54, Gainsborough, Milborne Port, Sherborne, Somerset DT9 5BB2
£327.5K05/210.72 mi35, Newtown, Milborne Port, Sherborne, Somerset DT9 5BJ2
£207K04/212.1 mi3, The Bungalows, Poyntington, Sherborne, Dorset DT9 4LE2
£375K11/232.22 mi19, Castle Road, Sherborne, Dorset DT9 3RW2
£365K08/232.26 mi1, Earls Close, Sherborne, Dorset DT9 3RS2
£370K03/232.27 mi24, Castle Road, Sherborne, Dorset DT9 3RP2
£305K06/212.32 mi27, Chandlers, Sherborne, Dorset DT9 3RT2
£245K03/212.32 mi16, Chandlers, Sherborne, Dorset DT9 3RT2
£222K03/232.4 mi139, Granville Way, Sherborne, Dorset DT9 4AT2
£220K03/232.4 mi85, Granville Way, Sherborne, Dorset DT9 4AT2
£199K12/202.4 mi86, Granville Way, Sherborne, Dorset DT9 4AT2
£360K07/232.42 mi9, Hill House Close, Sherborne, Dorset DT9 3AN2
£270K02/212.42 mi9, Hill House Close, Sherborne, Dorset DT9 3AN2
£245K11/222.44 mi28, Granville Way, Sherborne, Dorset DT9 4AS2
£183K10/202.51 mi106, Newland, Sherborne, Dorset DT9 3DT2
£190K07/212.52 mi16, St Aldhelms Road, Sherborne, Dorset DT9 4EB2
£208K09/212.52 mi60, St Aldhelms Road, Sherborne, Dorset DT9 4EB2
£228K03/232.52 mi120, Newland, Sherborne, Dorset DT9 3DT2
£148.5K02/212.58 mi35, Bowden Road, Templecombe, Somerset BA8 0LF2
£215K06/232.58 mi61, Bowden Road, Templecombe, Somerset BA8 0LF2
£265K07/232.59 mi4, Wootton Grove, Sherborne, Dorset DT9 4DL2
£182K01/232.59 mi4, Coldharbour, Sherborne, Dorset DT9 4AH2
£350K05/232.6 miLavender Cottage, Long Street, Sherborne, Dorset DT9 3DJ2
£162.5K01/212.61 mi26, Simons Road, Sherborne, Dorset DT9 4DN2
£256K06/212.62 miThe Chapel, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£256K06/212.62 miThe Chapel, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£300K02/222.62 miField View, 1a, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£245K12/222.63 mi15, Simons Road, Sherborne, Dorset DT9 4DW2
£225K11/202.64 mi11, Fairmont Terrace, Sherborne, Dorset DT9 3JS2
£183K04/212.64 mi55, Coldharbour, Sherborne, Dorset DT9 4HB2
£250K04/212.67 mi5, The Wilderness, Sherborne, Dorset DT9 3AE2
£222K10/222.69 mi3, High Street, Yenston, Templecombe, Somerset BA8 0NG2
£289K06/212.71 miCoxwalls Cottage, Ash End, Henstridge, Templecombe, Somerset BA8 0PN2
£285K02/232.72 miHaven Cottage, 2, Bristol Road, Sherborne, Dorset DT9 4HS2
£230K04/232.73 miAsh End Cottage, Ash End, Henstridge, Templecombe, Somerset BA8 0PW2
£308K06/212.74 mi23, Hound Street, Sherborne, Dorset DT9 3AB2
£310K09/212.75 miThe Shires, Bristol Road, Sherborne, Dorset DT9 4HR2

Local Rents

34 rents from £600/mo to £1.5K/mo, average is £990/mo.

RentDateDistanceAddressBeds 
£1,40005/240.09 miEast Street, Milborne Port3
£77512/230.14 mi-1
£1,25003/240.18 miLion Drive, Milborne Port, Sherborne, Somerset, DT93
£85003/240.2 miMilborne Port1
£79504/240.2 miMilborne Port2
£1,05012/240.2 mi3 Wilson Close, DT92
£60003/240.26 miLambert Court, Lambert Close, Milborne Port DT9 5AF1
£1,40005/240.28 miBathwell Lane, Milborne Port3
£1,35003/240.48 miMillborne Port4
£1,40003/240.49 miMilborne Port3
£1,50004/240.49 miHanover View, Milborne Port, SHERBORNE3
£97501/250.5 mi-1
£97501/250.5 mi-1
£1,30003/241.25 miChurch Cottages, Purse Caundle, Sherborne3
£1,10005/241.5 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£1,10005/241.57 miOborne, Sherborne2
£85007/232 mi-1
£85009/232 mi-1
£87501/252 mi-1
£97503/252 mi-1
£1,15010/242.01 mi-2
£98007/242.03 mi-1
£98005/242.03 miClare Cottage, Sherborne, DT91
£1,08512/232.05 mi-2
£1,00003/242.36 miCharlton Horethorne1
£70005/242.38 miCedar Park, Granville Way, Sherborne1
£87503/242.39 miGranville Way, Sherborne2
£80005/242.4 mi-1
£80005/242.4 miCedar Park, Sherborne, DT91
£1,20012/232.4 mi-3
£95010/232.4 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£1,50004/242.42 miBede Street, Sherborne, Dorset, DT93
£1,50005/242.42 miBede Street, Sherborne, Dorset, DT93
£1,15010/232.45 miGranville Way, Sherborne, Dorset, DT9 4AS3

Local Area Statistics

Population in DT9

20,760

Town centre distance

2.97 miles away

Nearest school

0.10 miles away

Nearest train station

2.87 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £185,000

September 20, 2024

Floor Plans

Description

  • In need of complete renovation throughout +
  • Grade II listed with charming character features throughout +
  • Good size garden backing onto open countryside +
  • Located in the sought after village of Milborne Port +

This charming cottage, sitting on the outskirts of Milborne Port, offers two reception rooms, a kitchen and bathroom downstairs and two spacious bedrooms upstairs. There is a good sized garden to the rear and the property would benefit from renovation throughout.

Accommodation - A small entrance hall welcomes you into the property with doors either side leading to the reception rooms and stairs rising to the first floor. The kitchen is located at the back of the house with a pleasant outlook over the rear garden, with access into a rear porch leading outside, and a further door into the downstairs bathroom. Upstairs there are two bedrooms to the first floor with the main bedroom benefitting from built in wardrobes. Period features, such as exposed stone walls, feature fireplaces and window seats offer glimpses into the property's rich past, awaiting restoration to their former glory.

The property offers a good size garden, offering a canvas for landscaping. There is rear access via a hallway to the side of the property.

Situation - Milborne Port is a charming village in East Somerset, located about three miles south of Sherborne. The village boasts an excellent community with amenities such as weekly markets, a Cooperative store, a doctor's surgery, a primary school, a church, a pub, a village shop, and The Clockspire, a highly regarded fine dining restaurant and bar. The neighboring historic abbey town of Sherborne offers additional amenities, both private and state education options, and railway services that provide convenient commuting to London Waterloo in approximately 2.5 hours.

Services - Mains gas, electricity, water and drainage. Gas central heating.

Local Authority - Somerset Council - Council Tax Band B

Directions - What3words - ///reglarly.zips.jumbo

Agents Note - As at 19/09/24: Broadband: Superfast available. Mobile Network Coverage: Likely outside, likely to limited coverage inside. Source ofcom.org.uk.

Agent Details

Symonds & Sampson, Sherborne

01935 315608

Next Steps?

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