4 Bed Detached House, Refurb/BRRR, Bridport, DT6 4LX, £545,000

Chapel Street, Shipton Gorge, Bridport, DT6 4LX - 2 views - 6 months ago

Refurb/BRRR
~156 m²
+11 photos

ValuationFair Value

Sold Prices£328K - £1.2M
Sold Prices/m²£2.5K/m² - £7.6K/m²

 

 

Square Metres

~156.30 m²
Price/m²£3.5K/m²

Value Estimate

£555,164

 

 

End Value (After Refurb)

£601,436

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£136,250

Stamp Duty & Legal Fees

£32,300

Refurb Costs

£63,376

Bridging Loan Interest

£14,306

Total Cash In

£247,983

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£601,436

Mortgage (After Refinance)

£451,077

Mortgage LTV

75%

Cash Released

£42,327

Cash Left In

£205,656

Equity

£150,359

Rent Range

£560 - £6,717

Rent Estimate

£1,251

Running Costs/mo

£2,150

Cashflow/mo

£-899

Cashflow/yr

£-10,784

Gross Yield

3%

Local Sold Prices

41 sold prices from £328K to £1.2M, average is £565K. £2.5K/m² to £7.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£595K06/210.05 miLambrook, Shipton Road, Shipton Gorge, Bridport, Dorset DT6 4LT4
£455K06/210.16 miWest Court, Brook Street, Shipton Gorge, Bridport, Dorset DT6 4NA4
£600K06/211.08 mi5, The Green, Walditch, Bridport, Dorset DT6 4LB4
£876K06/211.19 miThe Apple House, 29, Annings Lane, Burton Bradstock, Bridport, Dorset DT6 4QN4
£1.2M12/221.24 miMaen House, Grove Road, Burton Bradstock, Bridport, Dorset DT6 4QU4
£415K12/201.33 miChurch Hayes Bungalow, Churchayes, Bridport, Dorset DT6 4BS4
£450K05/211.34 mi2, Howard Close, Bothenhampton, Bridport, Dorset DT6 4SR4
£350K10/201.41 mi87, Gundry Road, Bothenhampton, Bridport, Dorset DT6 4SE4
£865K08/231.46 mi3, Roberts Close, Burton Bradstock, Bridport, Dorset DT6 4ST4
£350K01/211.48 mi7, King Charles Way, Bridport, Dorset DT6 4AH4
£440K06/211.53 mi17, Stuart Way, Bridport, Dorset DT6 4AU4
£1.2M06/211.54 miAb Antiquo, Main Street, Bothenhampton, Bridport, Dorset DT6 4BJ4
£532.5K05/231.56 mi12, Slades Green, Bridport, Dorset DT6 4EA4
£870K12/221.57 mi103, Southover, Burton Bradstock, Bridport, Dorset DT6 4RD4
£650K04/211.58 miCherry Tree, Duck Street, Bridport, Dorset DT6 4BN4
£535K05/211.59 mi15, Highacres, Loders, Bridport, Dorset DT6 3UJ4
£473.8K02/211.61 mi85, Jessopp Avenue, Bridport, Dorset DT6 4AS4
£650K11/221.61 mi89, Jessopp Avenue, Bridport, Dorset DT6 4AS4
£410K09/211.61 mi20, Happy Island Way, Bridport, Dorset DT6 4JZ4
£800K11/231.62 mi13, Elwell, Bridport, Dorset DT6 4DX4
£1.1M02/231.7 mi6, Wychside Close, Bothenhampton, Bridport, Dorset DT6 4SX4
£610K02/211.73 miRedcot, Lee Lane, Bradpole, Bridport, Dorset DT6 4AP4
£685K06/211.75 miCrantock, Burton Road, Bridport, Dorset DT6 4JF4
£500K06/211.76 miWanderwell Farm Cottage, 6, Wanderwell Farm Lane, Bridport, Dorset DT6 4JW4
£552.5K04/231.79 mi74, St Andrews Road, Bridport, Dorset DT6 3BL4
£475K01/211.79 mi70, St Andrews Road, Bridport, Dorset DT6 3BL4
£860K12/221.79 mi12, Wych Ridge, Bridport, Dorset DT6 4JH4
£450K10/231.8 mi13, Foxglove Way, West Bay, Bridport, Dorset DT6 4SQ4
£820K01/231.81 mi41, Burton Road, Bridport, Dorset DT6 4JD4
£415K10/201.84 mi199, St Andrews Road, Bridport, Dorset DT6 3BT4
£592.5K05/231.86 mi111a, West Bay Road, Bridport, Dorset DT6 4EQ4
£725K03/211.87 miBridge House, Higher Street, Bridport, Dorset DT6 3HZ4
£420K01/211.87 mi11, St Andrews Road, Bridport, Dorset DT6 3BG4
£503K04/231.88 mi58, West Bay Road, Bridport, Dorset DT6 3QQ4
£650K07/231.91 mi7, Barrack Street, Bridport, Dorset DT6 3LX4
£328K02/211.92 mi6a, Spring Close, Bridport, Dorset DT6 3XL4
£600K04/211.92 mi11, Barrack Street, Bridport, Dorset DT6 3LX4
£800K07/231.92 mi148, West Bay Road, Bridport, Dorset DT6 4AZ4
£373.5K08/211.92 mi155, South Street, Bridport, Dorset DT6 3PB4
£565K02/211.93 miSion, Coneygar Park, Bridport, Dorset DT6 3BA4
£537.5K03/231.98 mi1, Claremont Road, Bridport, Dorset DT6 3AY4

Local Rents

50 rents from £560/mo to £6.7K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,50003/240.05 miShipton Road, Shipton Gorge, Bridport4
£1,00005/240.07 miQuarry Close, Shipton Gorge, Bridport2
£1,42508/240.4 mi-3
£2,29503/241.22 miWalditch, Bridport3
£56007/231.3 mi-1
£99504/241.35 miHoward Road, Bothenhampton, Bridport2
£1,30003/241.35 miCharles Road, Burton Bradstock, BRIDPORT3
£4,31203/241.36 miHoward Road, Bothenhampton2
£97503/241.39 miBridport2
£2,50003/241.44 miMill Street, Burton Bradstock, Bridport4
£1,50004/241.5 miEast Street - Bridport4
£77505/241.61 miHappy Island Way, Bridport1
£1,45004/241.62 miHive Close, Burton Bradstock, Bridport3
£80006/231.65 mi-1
£1,75005/241.65 miBindbarrow, Burton Bradstock, Bridport3
£1,29503/241.71 miClover Hill, Chilcombe Lane, Chilcombe3
£1,32003/241.72 miClover Hill, Chilcombe Lane, Chilcombe3
£90007/231.78 mi-2
£1,00003/251.78 mi-2
£95012/241.79 miEast Street, Bridport2
£70003/241.85 mi-2
£85011/231.86 mi-2
£1,30003/241.87 miBridport3
£1,09504/241.88 miSouth Mill Lane, Bridport1
£6,71705/241.88 miWest Bay Road, Bridport, Dorset, DT62
£1,46004/241.89 miNew Zealand Farm Close, Bridport, DT6 3FR3
£1,20003/241.9 miBridport2
£79503/251.92 mi-1
£67504/241.92 miBarrack Street, Bridport, DT62
£67505/241.92 mi-2
£1,30005/231.93 mi-4
£1,45010/241.93 mi-4
£1,00004/241.96 miBridport Town Centre2
£89504/241.96 mi83 South Street, Bridport, DT6 3NZ1
£75003/241.98 miBridport1
£76003/241.98 miSouth Street, Bridport2
£82503/241.99 miChurch Street, Bridport2
£85005/242.01 mi-2
£75006/232.02 mi-1
£85010/242.02 mi-1
£60003/242.03 miBridport1
£72503/242.04 miBridport1
£99503/242.09 miMaritime House, West Bay, Bridport2
£1,05003/242.09 miConeygar Close, Bridport2
£1,00005/242.1 miBridport2
£95003/242.12 miBridport2
£77503/242.12 miAlexandra Court, Bridport2
£90003/242.14 miBridport2
£1,00005/242.16 miBridport3
£85005/232.27 mi-2

Local Area Statistics

Population in DT6

21,663

Town centre distance

2.43 miles away

Nearest school

1.40 miles away

Nearest train station

7.55 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £545,000

October 8, 2024

Floor Plans

Description

  • Central village location +
  • Short drive from the coast at Burton Bradstock +
  • Flexible accommodation in excellent order +

A four bedroom detached house with a self-contained one bedroom annexe, in a popular village.

The Property - Steps up to the front door lead into a spacious hallway on the first floor, where the main living accommodation is located, to take advantage of the views. The sitting room centres around a working fireplace and is triple aspect with double doors leading to the rear garden. At the other end of the hallway is the kitchen/dining room, which is a superb size with a range of eye and low level units and integrated appliances including. dishwasher and fridge; a built-in eye level double oven, hob with an extractor over, and a 1 1/2 bowl stainless steel sink unit with drainer. The room has been fitted with spotlights and also provides a gas coal-effect fire place. There are windows on three sides and a door on the fourth side leading to the side garden and in turn down to the parking. From the side window there are pleasant views towards Shipton Gorge church. The main bedroom provides built in double wardrobe space. The second bedroom is directly next door and also has built in wardrobe space and is served by a modern en-suite shower room, with large walk in shower, WC and wash hand basin set in vanity unit. The family bathroom has been refitted to provide a generous shower room with large walk in double shower, pedestal wash hand basin and a low level WC. There are two further bedrooms, one of which is currently used as a study. Off the hallway are an airing cupboard housing the gas fired boiler, and two cloaks/storage cupboards and a separate WC. From the kitchen/dining room there is a lockable internal door which leads to a small landing then stairs down to the annexe.

The annexe can also be accessed from the ground level via a separate entrance, making it ideal for letting. The front door leads into a lobby with utility area off, which has a washing machine and fridge, space for a tumble dryer and offers eye and low level storage space. The lobby leads into the living area which is arranged as a kitchen and a sitting/dining room. The kitchen is relatively new and offers a range of eye and low level units plus a built-in oven and hob. The bedroom has a high level side aspect window and leads into an en-suite bathroom. The en-suite has a bath with a shower attachment off the taps, WC and a pedestal wash hand basin.

Outside - To the front is a large parking area and several plants, trees and shrubs. There are steps leading up both sides of the property. The rear garden is tiered and there are steps leading to a raised lawn, there is also a decked area designed to make the most of the elevated views. There are various shrubs, trees and herbaceous plants around the garden and raised beds along the rear boundary.

Local Authority - Dorset Council .
Council Tax Band F.

Services - Mains gas, electricity, water and drainage are connected. Gas fired central heating.
Broadband speed: Superfast broadband is available.
Mobile phone coverage: Network coverage is limited indoors and good outdoors.
EPC: TBC.

Situation - The property lies in the popular village of Shipton Gorge, which is part of the Bride Valley villages. The village has an active community with pub, church, village hall, village society, walking group etc. Shipton Gorge is just a couple of miles from the World Heritage Site Jurassic coastline and beaches at Burton Bradstock and West Bay. Nearby Bridport has a history of rope-making and offers a variety of independent shops, supermarkets, public houses and restaurants catering for a range of tastes and excellent arts and music events. Bridport is conveniently placed for Dorchester and Weymouth to the east and Axminster to the west. Walking, water sports and riding opportunities are plentiful in the area and communication links are good with road links along the A35 and mainline stations at Maiden Newton, Dorchester, Axminster and Crewkerne.

Agents Note - Please note that the internal and external pictures were taken in 2018. The property is now in need of some improvement.

Accommodation - Sitting room: 4.45m x 4.52m
Kitchen/living room: 6.11m x max x 6.51m
Bedroom: 3.12m x 3.51m
Bedroom: 3.17m x 2.97m
Bedroom: 3.16m x 2.46m
Bedroom: 3.15m x 2.47m

Annexe
Kitchen/Living room: 5.69m x 5.45m
Bedroom: 3.61m x 2.59m
Utility: 1.79m x 2.47m

Agent Details

Symonds & Sampson, Bridport

01308 800824

Next Steps?

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