3 Bed Semi-Detached House, Refurb/BRRR, Bridport, DT6 5EY, £239,500

18 Court Orchard Road, Bridport, Dorset, DT6 5EY - 1 views - 5 months ago

Refurb/BRRR
ROI: 2%
~65 m²

ValuationOvervalued

Sold Prices£205K - £790K
Sold Prices/m²£2.3K/m² - £7.8K/m²

 

 

Square Metres

~65.08 m²
Price/m²£3.7K/m²

Value Estimate

£219,686

 

 

End Value (After Refurb)

£222,495

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,875

Stamp Duty & Legal Fees

£13,175

Refurb Costs

£26,389

Bridging Loan Interest

£6,287

Total Cash In

£107,475

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,495

Mortgage (After Refinance)

£166,871

Mortgage LTV

75%

Cash Left In

£107,475

Equity

£55,624

Rent Range

£431 - £6,717

Rent Estimate

£1,125

Running Costs/mo

£940

Cashflow/mo

£185

Cashflow/yr

£2,216

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £205K to £790K, average is £315K. £2.3K/m² to £7.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£285K06/210.07 mi9, Parsonage Road, Bridport, Dorset DT6 5ET3
£340K02/230.09 mi11, Parsonage Road, Bridport, Dorset DT6 5ET3
£205K06/210.09 mi37, Court Orchard Road, Bridport, Dorset DT6 5EY3
£240K03/210.12 mi66, Cherry Tree, Bridport, Dorset DT6 5HQ3
£232K11/200.13 mi6, Allington Terrace, Bridport, Dorset DT6 5EP3
£225K12/200.13 mi148, Orchard Crescent, Bridport, Dorset DT6 5HB3
£339K09/220.13 mi161, Orchard Crescent, Bridport, Dorset DT6 5HB3
£230K02/210.14 mi87, St Swithins Road, Bridport, Dorset DT6 5DF3
£238.5K04/210.14 mi69, Cherry Tree, Bridport, Dorset DT6 5HH3
£325K06/210.19 mi11, Mead Fields, Bridport, Dorset DT6 5RE3
£280K12/220.23 mi205, Orchard Avenue, Bridport, Dorset DT6 5RJ3
£695K03/230.24 mi4, Thomson Close, Bridport, Dorset DT6 5EU3
£345K11/210.24 mi44, North Allington, Bridport, Dorset DT6 5DY3
£240K11/200.28 mi13, Park Road, Bridport, Dorset DT6 5DA3
£265K11/220.29 mi4, North Mills, Bridport, Dorset DT6 3AH3
£790K07/230.3 miThe Dower House, Allington Park, Bridport, Dorset DT6 5DD3
£465K05/210.3 miInnisfree, Allington Park, Bridport, Dorset DT6 5DD3
£751.3K06/230.33 mi28, West Allington, Bridport, Dorset DT6 5BQ3
£500K03/210.35 mi3, De Legh Grove, West Allington, Bridport, Dorset DT6 5QY3
£411K10/220.37 mi11, Houndsell Way, West Allington, Bridport, Dorset DT6 5QX3
£250K03/210.37 mi133, Victoria Grove, Bridport, Dorset DT6 3AG3
£400K02/210.37 mi145a, Victoria Grove, Bridport, Dorset DT6 3AG3
£462.5K03/230.37 mi143, Victoria Grove, Bridport, Dorset DT6 3AG3
£436K10/200.39 mi5, St Cecilias Gardens, Bridport, Dorset DT6 3XF3
£560K09/210.4 miRawles Way, Osbourne Road, Bridport, Dorset DT6 3AN3
£390K08/230.41 mi45, West Street, Bridport, Dorset DT6 3QW3
£425K02/210.43 mi14, West Mead, Bridport, Dorset DT6 5RU3
£500K12/210.44 mi22, West Mead, Bridport, Dorset DT6 5RU3
£342K04/210.45 mi9, Coneygar Close, Bridport, Dorset DT6 3AR3
£370K06/210.45 mi11, Coneygar Close, Bridport, Dorset DT6 3AR3
£450K09/210.45 mi10, Coneygar Close, Bridport, Dorset DT6 3AR3
£550K09/230.47 mi18, Magdalen Lane, Bridport, Dorset DT6 5AB3
£285K12/200.51 mi15, Downes Street, Bridport, Dorset DT6 3JR3
£260K05/210.52 mi20, Alexandra Road, Bridport, Dorset DT6 5AG3
£270K03/210.52 mi16, Alexandra Road, Bridport, Dorset DT6 5AG3
£390K10/220.57 mi29, Claremont Road, Bridport, Dorset DT6 3AY3
£262.5K07/230.58 mi3, Pine View, Bridport, Dorset DT6 5AE3
£285K05/230.58 mi26, Pine View, Bridport, Dorset DT6 5AE3
£280K07/230.58 mi32, Alexandra Road, Bridport, Dorset DT6 5AQ3
£385K05/230.61 mi4, Spinning Way, Bridport, Dorset DT6 3LD3
£221K12/200.61 mi68, Pine View, Bridport, Dorset DT6 5AF3
£430K12/220.63 miMarlesford, St Andrews Road, Bridport, Dorset DT6 3BG3
£285K11/220.64 mi28, Coronation Road, Bridport, Dorset DT6 5AR3
£240K09/210.65 mi21, Church Street, Bridport, Dorset DT6 3PS3
£284.9K02/210.66 mi4, Cordova Gardens, Bridport, Dorset DT6 3NG3
£245K06/230.67 mi6, Gale Crescent, Bridport, Dorset DT6 5BB3
£305K06/210.67 mi4, New Zealand Terrace, Bridport, Dorset DT6 3PW3
£223K04/210.68 miAlbert Cottage, West Road, Bridport, Dorset DT6 5JU3
£419K06/230.69 mi9, Asker Gardens, Bridport, Dorset DT6 3QA3
£245K04/210.7 mi44, Coronation Road, Bridport, Dorset DT6 5AS3

Local Rents

50 rents from £431/mo to £6.7K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£72004/240.1 miNorth Allington, Bridport1
£43106/230.12 mi-1
£65001/240.13 mi-1
£65008/240.13 mi-1
£77503/240.23 miBridport Town1
£85003/240.29 miBridport2
£1,00005/240.34 miBridport3
£79512/240.34 miWest Court, Bridport2
£95011/240.35 mi-2
£97504/240.35 miBridport2
£85005/230.37 mi-2
£2,50004/240.37 miWest Allington, Bridport6
£70004/240.38 miBridport1
£1,00005/240.47 miBridport2
£1,05003/240.48 miConeygar Close, Bridport2
£85010/240.5 mi-1
£60003/240.51 miBridport1
£1,30004/240.51 miBridport3
£75003/240.57 miBridport1
£1,00004/240.57 miBridport Town Centre2
£75006/230.6 mi-1
£85006/240.6 mi-2
£67505/240.6 mi-2
£67504/240.6 miBarrack Street, Bridport, DT62
£79503/250.62 mi-1
£82503/240.63 miChurch Street, Bridport2
£72503/240.64 miBridport1
£76003/240.64 miSouth Street, Bridport2
£1,45010/240.66 mi-4
£1,30005/230.66 mi-4
£89504/240.69 mi83 South Street, Bridport, DT6 3NZ1
£1,46004/240.69 miNew Zealand Farm Close, Bridport, DT6 3FR3
£95012/240.72 miEast Street, Bridport2
£1,00003/250.75 mi-2
£90007/230.75 mi-2
£1,09504/240.79 miSouth Mill Lane, Bridport1
£90003/240.82 miBridport2
£92503/240.83 miPymore1
£80006/230.85 mi-1
£77503/240.85 miAlexandra Court, Bridport2
£70003/240.86 mi-2
£77505/241 miHappy Island Way, Bridport1
£85011/231.01 mi-2
£1,50004/241.06 miEast Street - Bridport4
£1,10009/231.08 mi-2
£1,10010/231.08 mi-2
£1,30003/241.09 miBridport3
£97503/241.16 miBridport2
£6,71705/241.17 miWest Bay Road, Bridport, Dorset, DT62
£4,31203/241.19 miHoward Road, Bothenhampton2

Local Area Statistics

Population in DT6

21,663

Town centre distance

0.41 miles away

Nearest school

0.50 miles away

Nearest train station

9.05 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £239,500

November 5, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Garden +
  • Driveway parking +
  • In need of modernisation +
  • Spacious Kitchen +
  • Subject to Section 157 Restriction +

Semi-detached three bedroom house situated on the Northern side of Bridport town, in need of modernisation throughout. Subject to section 157. Council tax Band: A

THE PROPERTY
Situated on the northern fringe of Bridport, this three bedroom house is only a short distance to the town centre and benefits from being within close proximity to the surrounding countryside and walks. Requiring renovation throughout, this property has lots of scope for improvement.

The property comprises of entrance hall, living room with front aspect window, understairs storage, a door leading through to the kitchen diner which is generously sized and provides ample room for appliances and a dining table. The kitchen base units have been partially updated along with a modern worktop and stainless-steel sink. From the kitchen there is a side aspect door to the garden. The bathroom benefits from a rear aspect window and comprises of a white suite comprising of a bath with wall mounted shower, a pedestal handwash basin and low-level WC.

Upstairs there are three bedrooms, bedroom one to the front of the property is of double size with space for freestanding furniture. Bedroom two to the rear of the property is of double size with a rear aspect double glazed window, bedroom three is of single size also rear aspect.

The property benefits from gas central heating and double-glazed windows to most rooms.

OUTSIDE
To the front of the property is off road driveway parking with potential to create further parking. To the rear is an enclosed garden currently laid to lawn with a patio area, garden shed and a side gate for access.

SITUATION
Bridport is renowned for its friendly and vibrant culture, and fantastic reputation for quality local food and art. Facilities include a post office, arts centre, theatre, leisure centre, library, cinema and museum. Local schools are within easy reach.
There are also regular bus services to Axminster, Lyme Regis, Beaminster, Yeovil, Dorchester, Weymouth and Poole.

PROPERTY TENURE
Freehold – Currently Let on an AST.
Subject to Local Section 157 Restriction.

INFORMATION
Heating Type: Gas Central Heating

Construction Type: Conventional Brick & Tile Construction

Broadband: Superfast Available (Ofcom Data)

Mobile phone coverage: Network coverage is good indoors and outside.

SERVICES
Mains electricity, gas, water and drainage.

Council Tax Band: A (West Dorset Council)

EPC: D (63)

AGENT NOTE: To respect the tenants’ privacy no internal photographs are being publicly marketed. We understand the from the Vendor the property is to be sold with vacant possession. Any prospective buyer should contact Vicary & Co for more information.

VIEWINGS
Strictly by appointment only with Vicary & Co

Agent Details

Vicary & Co, Bridport

01308 800940

Next Steps?

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