3 Bed Bungalow, Refurb/BRRR, Sherborne, DT9 5EP, £280,000

North Street, Milborne Port, Sherborne, Somerset, DT9 5EP - 5 months ago

Refurb/BRRR
~113 m²
+5 photos

ValuationFair Value

Sold Prices£205K - £380K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~112.64 m²
Price/m²£2.5K/m²

Value Estimate

£285,600

 

 

End Value (After Refurb)

£355,249

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£45,669

Bridging Loan Interest

£7,350

Total Cash In

£141,469

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£355,249

Mortgage (After Refinance)

£266,437

Mortgage LTV

75%

Cash Released

£56,437

Cash Left In

£85,032

Equity

£88,812

Rent Range

£600 - £1,750

Rent Estimate

£1,081

Running Costs/mo

£1,346

Cashflow/mo

£-265

Cashflow/yr

£-3,184

Gross Yield

5%

Local Sold Prices

41 sold prices from £205K to £380K, average is £280K. £1.1K/m² to £4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£280K01/210.03 mi8, Limerick Close, Milborne Port, Sherborne, Somerset DT9 5EN3
£257K03/230.1 mi218, High Street, Milborne Port, Sherborne, Somerset DT9 5AQ3
£255K02/210.1 mi1, Station Road, Milborne Port, Sherborne, Somerset DT9 5EQ3
£294K12/220.13 mi28, The Meads, Milborne Port, Sherborne, Somerset DT9 5DS3
£310K10/220.13 mi53, London Road, Milborne Port, Sherborne, Somerset DT9 5DW3
£280K11/220.14 mi7, Old Tannery Way, Milborne Port, Sherborne, Somerset DT9 5GA3
£228K09/210.14 mi10, Streamside Walk, Milborne Port, Sherborne, Somerset DT9 5GB3
£380K12/220.14 mi10, Church Place, Milborne Port, Sherborne, Somerset DT9 5HJ3
£310K03/210.15 mi11, Church Place, Milborne Port, Sherborne, Somerset DT9 5HJ3
£350K07/210.16 mi45, East Street, Milborne Port, Sherborne, Somerset DT9 5DR3
£305K03/210.16 miDelamere, East Street, Milborne Port, Sherborne, Somerset DT9 5DR3
£215K06/210.16 mi11, Paddock Walk, Milborne Port, Sherborne, Somerset DT9 5EA3
£290K02/210.16 mi28, Wheathill Way, Milborne Port, Sherborne, Somerset DT9 5HA3
£207.5K06/210.17 mi9, Streamside Walk, Milborne Port, Sherborne, Somerset DT9 5GB3
£275K11/210.17 mi168, South Street, Milborne Port, Sherborne, Somerset DT9 5DH3
£300K08/230.17 mi62, South Street, Milborne Port, Sherborne, Somerset DT9 5DH3
£302.5K11/210.17 miGlovers Cottage, 65, South Street, Milborne Port, Sherborne, Somerset DT9 5DH3
£320K10/220.17 miHarriet Cottage 165, South Street, Milborne Port, Sherborne, Somerset DT9 5DH3
£313.5K03/230.22 mi17, Redwing Road, Milborne Port, Sherborne, Somerset DT9 5DB3
£293K03/210.22 mi24, Redwing Road, Milborne Port, Sherborne, Somerset DT9 5DB3
£235K08/210.23 mi11, Pud Brook, Milborne Port, Sherborne, Somerset DT9 5RF3
£280K07/230.25 mi21, Plover Road, Milborne Port, Sherborne, Somerset DT9 5DA3
£280K05/210.25 miWayside, Sherborne Road, Milborne Port, Sherborne, Somerset DT9 5AT3
£280K11/200.26 mi26, Lion Drive, Milborne Port, Sherborne, Somerset DT9 5FQ3
£205K03/210.33 mi24, Prankerds Road, Milborne Port, Sherborne, Somerset DT9 5BX3
£215K03/210.33 mi14, Prankerds Road, Milborne Port, Sherborne, Somerset DT9 5BX3
£210.5K05/210.33 mi44, Prankerds Road, Milborne Port, Sherborne, Somerset DT9 5BX3
£225K03/210.33 mi7, Prankerds Road, Milborne Port, Sherborne, Somerset DT9 5BX3
£250K08/230.33 mi51, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BN3
£218K11/210.33 mi51, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BN3
£245K07/210.37 mi88, Bauntons Orchard, Milborne Port, Sherborne, Somerset DT9 5BP3
£229K01/210.37 mi10, West View, Milborne Port, Sherborne, Somerset DT9 5EJ3
£205K12/200.37 mi5, West View, Milborne Port, Sherborne, Somerset DT9 5EJ3
£249K03/210.41 mi30, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BL3
£285K03/230.41 mi30, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BL3
£285K07/230.41 mi10, Henning Way, Milborne Port, Sherborne, Somerset DT9 5HN3
£245K03/210.41 mi18, Henning Way, Milborne Port, Sherborne, Somerset DT9 5HN3
£240K05/210.43 mi1, North Crescent, Milborne Port, Sherborne, Somerset DT9 5HW3
£306K10/210.47 mi2, Russell Place, Milborne Port, Sherborne, Somerset DT9 5HQ3
£360K02/230.59 mi33, Newtown, Milborne Port, Sherborne, Somerset DT9 5BJ3
£250K04/210.59 mi34, Newtown, Milborne Port, Sherborne, Somerset DT9 5BJ3

Local Rents

38 rents from £600/mo to £1.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£77512/230 mi-1
£85003/240.06 miMilborne Port1
£79504/240.06 miMilborne Port2
£1,05012/240.14 mi3 Wilson Close, DT92
£60003/240.16 miLambert Court, Lambert Close, Milborne Port DT9 5AF1
£1,40005/240.22 miEast Street, Milborne Port3
£1,25003/240.26 miLion Drive, Milborne Port, Sherborne, Somerset, DT93
£1,40005/240.26 miBathwell Lane, Milborne Port3
£1,35003/240.37 miMillborne Port4
£1,40003/240.37 miMilborne Port3
£1,50004/240.37 miHanover View, Milborne Port, SHERBORNE3
£97501/250.37 mi-1
£97501/250.37 mi-1
£1,10005/241.37 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£1,30003/241.38 miChurch Cottages, Purse Caundle, Sherborne3
£1,10005/241.44 miOborne, Sherborne2
£85007/231.97 mi-1
£85009/231.97 mi-1
£87501/251.97 mi-1
£97503/251.97 mi-1
£1,15010/241.98 mi-2
£98006/242 mi-1
£98005/242 miClare Cottage, Sherborne, DT91
£1,08512/232.03 mi-2
£1,00003/242.26 miCharlton Horethorne1
£70005/242.27 miCedar Park, Granville Way, Sherborne1
£87503/242.29 miGranville Way, Sherborne2
£80005/242.29 mi-1
£80005/242.29 miCedar Park, Sherborne, DT91
£1,20012/232.3 mi-3
£95010/232.3 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£1,50004/242.33 miBede Street, Sherborne, Dorset, DT93
£1,50005/242.33 miBede Street, Sherborne, Dorset, DT93
£1,15010/232.34 miGranville Way, Sherborne, Dorset, DT9 4AS3
£1,75003/242.44 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£80011/232.45 mi-3
£1,50003/242.45 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£1,00003/242.46 miThe Avenue, Sherborne, DT91

Local Area Statistics

Population in DT9

20,760

Town centre distance

2.87 miles away

Nearest school

0.10 miles away

Nearest train station

2.79 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £280,000

March 8, 2025

Listed for £300,000

November 27, 2024

Floor Plans

Description

  • 3 Bedrooms +
  • No Onward Chain +
  • Redevelopment Opportunity +
  • Plot Amounting To 0.2 Acres +
  • Walking Distance To Amenities +

A well located 3 bedroom detached bungalow offering renovation and redevelopment opportunity, set in grounds amounting to 0.2 acre and within easy walking distance of village amenities. 

Little Tor is a well-positioned three bedroom detached bungalow, with painted pebbledash rendered elevations under a tiled roof. It is believed that the property is an early system single skin construction and therefore advice should be taken by an independent mortgage broker should finance be required. The property is positioned in a central village location, with a plot amounting to approximately 0.2 acre. The property offers a great opportunity to renovate and extend subject to necessary consents.   
In summary the accommodation comprises sitting room, kitchen, sun room, utility, workshop, three double bedrooms, family bathroom and separate WC. The property has a good degree of natural light and room proportions, however some modernisation is required throughout. 

Agents Note
It is believed that the property is an early system single skin construction and therefore advice should be taken by an independent mortgage broker should finance be required. It is recommended a survey is conducted as part of an agreed sale.

Services
All mains services. Gas central heating. 
Council Tax Band D - South Somerset

Additional Information
Broadband: FTTP—Superfast broadband is available—highest available download speed 80 Mbps, highest available upload speed 20 Mbps. (Openreach).

Mobile Coverage: Available via EE, O2, THREE 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%).

Little Tor lies close the centre of Milborne Port, a popular Somerset village with a wealth of facilities, some of which include a coop food store, a health centre, two public houses, a well-regarded restaurant "The Clockspire", a primary school, a church and a village hall. Both the historic Abbey town Sherborne and the local regional central centre of Yeovil lie within short motoring distance providing between them an excellent range of cultural, recreational and shopping facilities. Sporting, walking and riding opportunities abound within the area, while the region is well known for both its public and privately funded schooling. Communication 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 giving swift access to London and the Home Counties along the M3, M25 route.

To the front of the property is a walled boundary facing Station Road, with pedestrian pathway to the front door. With permissions, off road parking could be created to the front of the property, where currently there is a generous garden. The rear plot is most generous, predominantly laid to lawn. The plot would allow for the property to be extended, or even infill development STPP. Pedestrian access to the rear garden via Wheathill Lane is believed to be available, purchaser to satisfy themselves.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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