3 Bed Bungalow, Refurb/BRRR, Bridport, DT6 6LY, £650,000

Lower Catherston Road, Charmouth, Bridport, DT6 6LY - 3 views - 6 months ago

Sold STC
Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£250K - £962.9K
Sold Prices/m²£1.8K/m² - £10K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£377,119

 

 

End Value (After Refurb)

£472,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£37,710

Bridging Loan Interest

£17,063

Total Cash In

£259,722

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£472,500

Mortgage (After Refinance)

£354,375

Mortgage LTV

75%

Cash Left In

£259,722

Equity

£118,125

Rent Range

£535 - £1,695

Rent Estimate

£1,158

Running Costs/mo

£1,728

Cashflow/mo

£-570

Cashflow/yr

£-6,842

Gross Yield

2%

Local Sold Prices

50 sold prices from £250K to £962.9K, average is £425K. £1.8K/m² to £10K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£395K05/230.5 miJasmine Cottage, The Street, Charmouth, Bridport, Dorset DT6 6QJ3
£282K06/210.52 mi7, Bridge Road, Charmouth, Bridport, Dorset DT6 6QP3
£430K06/210.59 mi12, Queens Walk, Charmouth, Bridport, Dorset DT6 6AB3
£251.5K12/200.6 mi9, Wesley Close, Charmouth, Bridport, Dorset DT6 6QT3
£425K10/220.75 mi5, Kidmore Close, Charmouth, Bridport, Dorset DT6 6RT3
£342.5K04/210.78 miHeron Cottage, The Street, Charmouth, Bridport, Dorset DT6 6NX3
£410K12/220.79 miThatched Cottage, Axminster Road, Charmouth, Bridport, Dorset DT6 6PA3
£490K01/230.8 miKiama, 2, Double Common, Charmouth, Bridport, Dorset DT6 6PT3
£525K12/220.82 miHawthorns, Downside Close, Charmouth, Bridport, Dorset DT6 6BH3
£535K11/220.85 miMeadow Cottage, Old Lyme Hill, Charmouth, Bridport, Dorset DT6 6BP3
£330K03/210.86 mi25, Hammonds Mead, Charmouth, Bridport, Dorset DT6 6QX3
£325K01/211.52 mi7, Goodens Hill, Whitchurch Canonicorum, Bridport, Dorset DT6 6RF3
£442K03/211.81 miDairy Cottage, The Green, Morcombelake, Bridport, Dorset DT6 6EA3
£700K04/231.83 miHardown Cottage, Loves Lane, Morcombelake, Bridport, Dorset DT6 6DZ3
£900K09/211.84 miHeron Ridge, Timber Hill, Lyme Regis, Dorset DT7 3HQ3
£385K03/231.97 mi14, Woodberry Down Way, Lyme Regis, Dorset DT7 3QT3
£575K06/211.98 miCima Dorada, Verriotts Lane, Morcombelake, Bridport, Dorset DT6 6DU3
£425K04/212.03 mi22, Fairfield Park, Lyme Regis, Dorset DT7 3DS3
£495K08/222.04 mi24, Talbot Road, Lyme Regis, Dorset DT7 3BB3
£468K08/232.05 mi23, Fairfield Park, Lyme Regis, Dorset DT7 3DS3
£324.9K08/232.07 mi48, Summerhill Road, Lyme Regis, Dorset DT7 3DT3
£395K05/212.1 mi5, Colway Close, Lyme Regis, Dorset DT7 3BE3
£345K12/212.1 mi41, Henrys Way, Lyme Regis, Dorset DT7 3BW3
£350K11/212.1 miHove To, Charmouth Road, Lyme Regis, Dorset DT7 3DL3
£320K07/222.11 mi8, Henrys Way, Lyme Regis, Dorset DT7 3BW3
£300K10/202.11 mi59, Henrys Way, Lyme Regis, Dorset DT7 3BW3
£340K10/202.11 miThe Coach House, Glen Andred, Colway Lane, Lyme Regis, Dorset DT7 3HE3
£372.5K10/202.12 miWestering, 27, Talbot Road, Lyme Regis, Dorset DT7 3BB3
£250K11/222.15 mi61, Kings Way, Lyme Regis, Dorset DT7 3DY3
£285K08/222.15 mi7, Kings Way, Lyme Regis, Dorset DT7 3DY3
£460K01/232.17 mi50, Church Street, Lyme Regis, Dorset DT7 3DA3
£962.9K09/222.17 mi39, Church Street, Lyme Regis, Dorset DT7 3DA3
£275K09/212.21 mi19, North Avenue, Lyme Regis, Dorset DT7 3AY3
£290K09/212.21 mi21, North Avenue, Lyme Regis, Dorset DT7 3AY3
£575K02/232.22 miLymcroft, Talbot Road, Lyme Regis, Dorset DT7 3BA3
£320K03/222.22 mi15, North Avenue, Lyme Regis, Dorset DT7 3AY3
£463.5K01/232.25 mi21, Mill Green, Lyme Regis, Dorset DT7 3PH3
£255K02/222.25 mi1, North Avenue, Lyme Regis, Dorset DT7 3AX3
£480K04/232.26 miWeavers Cottage, 23, Coombe Street, Lyme Regis, Dorset DT7 3PP3
£295K01/222.26 mi47, North Avenue, Lyme Regis, Dorset DT7 3AX3
£850K10/202.26 miOverjordan, Jordan, Lyme Regis, Dorset DT7 3AQ3
£450K08/232.26 miBenets, Jordan, Lyme Regis, Dorset DT7 3AQ3
£460K12/222.31 mi10, Windsor Terrace, Lyme Regis, Dorset DT7 3AN3
£372K04/212.33 miRosemead, Avenue Road, Lyme Regis, Dorset DT7 3AE3
£465K04/212.35 mi35, Sherborne Lane, Lyme Regis, Dorset DT7 3NY3
£545K06/212.42 mi6, Springhill Gardens, Lyme Regis, Dorset DT7 3HL3
£516K04/222.53 miTrevean, Pound Road, Lyme Regis, Dorset DT7 3HX3
£642.5K03/212.53 miHernelee Cottage, Pound Road, Lyme Regis, Dorset DT7 3HX3
£550K01/232.54 mi3, St Georges Hill, Lyme Regis, Dorset DT7 3NT3
£515K04/212.54 mi15, St Georges Hill, Lyme Regis, Dorset DT7 3NT3

Local Rents

11 rents from £535/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10005/230.55 mi-3
£1,60003/250.68 mi-3
£94503/240.69 miLuttrell House, The Street, Charmouth1
£1,25003/240.78 miHigher Sea Lane, Charmouth, Bridport2
£1,69503/241.93 miRhode Barton, Lyme Regis4
£53502/241.94 mi-1
£1,45004/241.97 miWoodberry Down Way, Lyme Regis3
£1,10004/242.14 mi-2
£1,10003/242.14 miQueens Walk, Lyme Regis, DT72
£1,65002/252.35 mi-1
£1,25004/242.48 miWest Hill Road, Lyme Regis3

Local Area Statistics

Population in DT6

21,663

Town centre distance

5.53 miles away

Nearest school

0.80 miles away

Nearest train station

5.44 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £650,000

October 18, 2024

Floor Plans

Description

  • Country views to the sea +
  • Refurbishment opportunity +
  • Spacious accomodation +
  • Mature garden +
  • Garage & parking +
  • Plot approaching a third of an acre +

Detached three bedroom bungalow in need of refurbishment and modernisation with wonderful views over countryside to Charmouth and the sea.

The Dwelling - This bungalow is a wonderful opportunity. The property sits above Charmouth looking out over the village with the sea views framed by countryside either side. The property itself was built in the 1970s and now is in need of updating and subject to obtaining the necessary planning consents could be enlarged further.

Accomodation - The bungalow is conventionally arranged around a central hallway. The living room has a sitting area taking in the views to the front with double doors onto the garden and a focal point of a fireplace to one side. This flows through to a dining room that looks over the rear garden with a door to one corner into the kitchen. The principal bedroom lies to the front of the house with the two remaining bedrooms lie behind. All three bedrooms are served by a shower room and a WC. The property has UPVC double glazing.

Outside - The bungalow sits within a plot approaching a third of an acre, with the formal gardens lying to the front of the property taking in the views with a raised area of terrace running two thirds of the width that makes a good entertaining area during the summer months. Steps lead down into the garden itself that are laid to lawn and enclosed by mature hedges and punctuated by mature tree and herbaceous borders. To one side there is a gated vehicular access with the driveway, laid to tarmac, that leads up to the side of the bungalow which provides plenty of parking and a turning area. Beside the bungalow there is an attached garage equipped with light and power with a workbench area to one end. To the rear of the bungalow there is a small conservatory beyond which the garden stretches back to a rear wall and is for the most part laid to lawn with further tree planting. There is also a vegetable patch with a summer house and a greenhouse running along a rear wall.

Situation - Charmouth is sited on the mouth of the River Char with shops, various hospitality outlets, a library, chemist and GP surgery. It also has a primary school. Good transportation links to the A35, bus transport connects to nearby Lyme Regis, Axminster, Bridport. Train services at Axminster connect to London Waterloo or Exeter. Regional airports are at Exeter, Bournemouth and Bristol.

Directions - What 3 Words:
///private.celebrate.weeks

Services - Mains Electricity, Water & Drainage
Oil Fired Central Heating
Ultrafast Broadband is available
Mobile phone reception is available both indoors and outdoors
Local Authority: Dorset
Council Tax Band: E

Agent Details

Symonds & Sampson, Bridport

01308 800824

Next Steps?

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