4 Bed Detached House, Refurb/BRRR, Sherborne, DT9 4LA, £575,000

Oborne, Sherborne, DT9 4LA - 2 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+14 photos

ValuationOvervalued

Sold Prices£240K - £1.0M
Sold Prices/m²£1.5K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.4K/m²

Value Estimate

£372,300

 

 

End Value (After Refurb)

£448,810

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£52,406

Bridging Loan Interest

£15,094

Total Cash In

£247,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£448,810

Mortgage (After Refinance)

£336,607

Mortgage LTV

75%

Cash Left In

£247,700

Equity

£112,202

Rent Range

£600 - £1,950

Rent Estimate

£1,149

Running Costs/mo

£1,652

Cashflow/mo

£-503

Cashflow/yr

£-6,040

Gross Yield

2%

Local Sold Prices

33 sold prices from £240K to £1.0M, average is £480K. £1.5K/m² to £4.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£550K11/220.88 miOak Cottage, Newtown, Milborne Port, Sherborne, Somerset DT9 5BH4
£465K06/210.92 miSunnyhill House, Combe Hill, Milborne Port, Sherborne, Somerset DT9 5BG4
£480K12/221.06 mi3, Langdons, Sherborne, Dorset DT9 3RR4
£282K03/211.12 mi23, Plover Road, Milborne Port, Sherborne, Somerset DT9 5DA4
£480K10/211.14 mi21, Dunstan Street, Sherborne, Dorset DT9 3SE4
£550K02/231.15 mi39, Dunstan Street, Sherborne, Dorset DT9 3SE4
£475K11/201.16 mi39, Dunstan Street, Sherborne, Dorset DT9 3SE4
£358K06/211.18 mi8, Orchard Walk, Milborne Port, Sherborne, Somerset DT9 5DE4
£270K06/211.18 mi41, Mccreery Road, Sherborne, Dorset DT9 4DT4
£588K03/211.21 miRokeby, Tinneys Lane, Sherborne, Dorset DT9 3DY4
£692.5K02/231.21 miLanbar, Tinneys Lane, Sherborne, Dorset DT9 3DY4
£497.5K07/231.28 mi9, Quarr Drive, Sherborne, Dorset DT9 4HZ4
£240K06/211.32 miConygar, Cold Harbour, Milborne Port, Sherborne, Somerset DT9 5EL4
£525K01/211.32 mi123, Newland, Sherborne, Dorset DT9 3DU4
£487.3K12/221.33 miChatsworth House, High Street, Milborne Port, Sherborne, Somerset DT9 5AQ4
£450K12/201.35 mi1, Church Place, Milborne Port, Sherborne, Somerset DT9 5HJ4
£438K04/211.36 mi159, North Street, Milborne Port, Sherborne, Somerset DT9 5EW4
£335K11/201.39 miCulmer Cottage, Bristol Road, Sherborne, Dorset DT9 4HS4
£1.0M10/221.41 mi50, Newland, Sherborne, Dorset DT9 3JH4
£695K06/211.42 miOrchard House, South Street, Milborne Port, Sherborne, Somerset DT9 5DH4
£650K01/211.46 miAird House, Bristol Road, Sherborne, Dorset DT9 4HP4
£875K02/231.48 miPendower House, Priestlands, Sherborne, Dorset DT9 4HW4
£347K01/211.52 miBrewery Cottage, Long Street, Sherborne, Dorset DT9 3BY4
£350K03/211.54 mi10, North Crescent, Milborne Port, Sherborne, Somerset DT9 5HW4
£563K03/211.66 miMarston House, Marston Road, Sherborne, Dorset DT9 4BL4
£687.5K12/211.67 miFairmead, Marston Road, Sherborne, Dorset DT9 4BJ4
£460K03/211.71 mi42, Acreman Street, Sherborne, Dorset DT9 3NX4
£540K12/201.72 mi89, Acreman Street, Sherborne, Dorset DT9 3PH4
£385K02/211.74 miNew Cross, Highmore Road, Sherborne, Dorset DT9 4BT4
£365K09/231.84 miPendene, Bradford Road, Sherborne, Dorset DT9 3QL4
£640K02/211.89 miThe Abbey House, 2, The Old School Place, Sherborne, Dorset DT9 3HS4
£330K10/231.93 mi36, Barton Gardens, Sherborne, Dorset DT9 4BE4
£340K12/221.95 mi72, Wingfield Road, Sherborne, Dorset DT9 3HH4

Local Rents

50 rents from £600/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£1,10005/240.07 miOborne, Sherborne2
£97501/251 mi-1
£97501/251 mi-1
£1,40003/241.01 miMilborne Port3
£1,50004/241.01 miHanover View, Milborne Port, SHERBORNE3
£70005/241.01 miCedar Park, Granville Way, Sherborne1
£87503/241.01 miGranville Way, Sherborne2
£95010/231.02 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£1,35003/241.02 miMillborne Port4
£80005/241.03 mi-1
£80005/241.03 miCedar Park, Sherborne, DT91
£1,20012/231.05 mi-3
£1,15010/231.08 miGranville Way, Sherborne, Dorset, DT9 4AS3
£1,50004/241.17 miBede Street, Sherborne, Dorset, DT93
£1,50005/241.17 miBede Street, Sherborne, Dorset, DT93
£60003/241.24 miLambert Court, Lambert Close, Milborne Port DT9 5AF1
£80011/231.24 mi-3
£1,50003/241.26 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£67502/241.29 mi-1
£1,00003/241.3 miThe Avenue, Sherborne, DT91
£1,40005/241.31 miBathwell Lane, Milborne Port3
£70003/241.32 miQuarr Lane, Sherborne2
£85003/241.34 miMilborne Port1
£79504/241.34 miMilborne Port2
£1,75003/241.36 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£77512/231.37 mi-1
£1,40005/241.39 miNewland, Sherborne3
£90012/231.43 mi-1
£1,75010/231.44 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,05012/241.44 mi3 Wilson Close, DT92
£1,20003/241.49 mi-1
£67503/241.5 miNewland, Sherborne, Dorset, DT91
£1,95003/241.56 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£65005/241.58 miGreenhill, Sherborne, DT91
£1,40005/241.59 miEast Street, Milborne Port3
£97503/241.61 mi3 Coombe Terrace, Sherborne, Dorset, DT9 4DA2
£1,25003/241.62 miLion Drive, Milborne Port, Sherborne, Somerset, DT93
£1,59508/231.66 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£1,19502/251.7 mi-2
£1,25003/241.72 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£65003/241.73 miFinger Lane, Sherborne1
£90003/241.74 miDigby Road, SHERBORNE2
£95003/251.75 mi-2
£1,25004/241.75 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£1,15001/241.76 mi-2
£70004/241.76 miWestbury, Sherborne, Dorset, DT91
£95002/241.79 mi-2
£1,08501/241.85 mi-2
£1,85005/241.89 miSherborne3

Local Area Statistics

Population in DT9

20,760

Town centre distance

1.63 miles away

Nearest school

1 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £575,000

November 2, 2024

Floor Plans

Description

  • 4 Bedrooms +
  • No Onward Chain +
  • Peaceful Village Setting +
  • Individual Property +
  • Superb Renovation Opportunity +
  • Parking & Garage +

An individually built and extended four bedroom residence, located is most peaceful and desirable village setting. A superb renovation opportunity, with mature gardens, parking and garage. No onward chain.

The Gables is set within the peaceful and desirable village of Oborne which is just a stone’s throw away from the historic Abbey town of Sherborne. The property offers a great opportunity to modernise and enhance further, capitalising on the private plot and tranquil setting. The Gables is built of stone elevations and brick detailing, under a tiled roof. The accommodation is split over two floors, but equally offers autonomous ground floor living, with a ground floor bedroom complemented by three additional bedrooms on the first floor. Embracing the tranquillity of its surroundings, the property features a secluded south-facing garden as well as generous parking and a garage.
Upon entering, you are welcomed into a spacious hallway, serving as the centre to all the ground-level rooms. The kitchen requires modernisation, with scope to knock through into the dining room, creating a wonderful social space. The kitchen is fitted with a range of units, including a hob, double oven, complemented by a convenient utility room housing an oil-fired boiler and additional storage, with provisions for white goods. There is also a doorway leading to the rear of the property.
Continuing through the hallway, the dining room and adjoining sitting room both offer dual aspect views. The sitting room features an open fireplace and grants access to the garden through a separate doorway. Connected to the sitting room, there is a conservatory with French doors opening to the outdoor space. An additional reception room serves well as a study, overlooking the garden. A master bedroom is located on the ground floor which offers a built in wardrobe and dual aspect windows, with French doors leading to the southerly facing garden. Completing the ground floor is the bathroom, and is equipped with a WC, wash hand basin, bath with overhead shower, and a bidet.
Ascending to the first floor, the landing offers storage cupboards and rear-facing windows. At the far end of the landing, bedroom two offers a built-in wardrobe and a front-facing window. Bedrooms three and four also feature front-facing windows. The family bathroom requires modernisation and is equipped with a WC, wash hand basin, and bath, complemented by a skylight. With configuration, an ensuite could be added to bedroom two.

Services
Services - Mains electric and water Oil central heating. Private Treatment Plant drainage.
Council Tax Band F - Dorset Council

Additional Information
Broadband: FTTP—Ultrafast broadband is available—highest available download speed 1000 Mbps, highest available upload speed 1000 Mbps. (Openreach).

Mobile Coverage: Available via O2 and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider. 

Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).

The Gables lies close to the centre of the popular village of Oborne which is conveniently placed just a few miles to the north of the historic Abbey town of Sherborne surrounded by some glorious rolling countryside. The village benefits from a church, village hall and popular The Grange Country Hotel is a particularly attractive one from which there  are numerous walks in all directions over the local countryside while at the same time being within short motoring distance of both Sherborne and the local regional centre of Yeovil. Sporting, walking and riding opportunities abound within the area while the region is well known for its schools which include the Sherborne Schools, the Bruton Schools, Millfield and St Antony's Leweston. Transport links are good with a main line station at Sherborne linking directly with London Waterloo while road links are along the A303 joined at Wincanton.

The south-facing gardens are predominantly laid to lawn with flower beds encircling the perimeter. Within these beds are mature trees and shrubs, as well as a water feature. Adjacent to the house, a patio and pathway offers convenient access to the rear of the property.
Alongside the driveway a single-car garage is accessible through double timber doors or a rear pedestrian door.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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