2 Bed Terraced House, Cash/Bridging Only, Sherborne, DT9 6RY, £269,950

4 The Cross, Sherborne, Dorset, DT9 6RY - 4 months ago

Sold STC
Cash
ROI: 2%
~68 m²
+20 photos

ValuationOvervalued

Sold Prices£122K - £375K
Sold Prices/m²£1.2K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£151,991

 

 

End Value (After Refurb)

£205,641

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,488

Stamp Duty & Legal Fees

£11,020

Refurb Costs

£27,615

Bridging Loan Interest

£7,086

Total Cash In

£114,959

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,641

Mortgage (After Refinance)

£154,231

Mortgage LTV

75%

Cash Left In

£114,959

Equity

£51,410

Rent Range

£600 - £2,200

Rent Estimate

£1,124

Running Costs/mo

£887

Cashflow/mo

£237

Cashflow/yr

£2,839

ROI

2%

Gross Yield

5%

Local Sold Prices

33 sold prices from £122K to £375K, average is £170K. £1.2K/m² to £4.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£282K09/210 mi2, The Cross, Bradford Abbas, Sherborne, Dorset DT9 6RY2
£250K11/220.01 miWild Thyme Cottage, The Cross, Bradford Abbas, Sherborne, Dorset DT9 6RY2
£375K01/210.13 miKenlea, Westbury, Bradford Abbas, Sherborne, Dorset DT9 6RJ2
£270K12/221.16 mi5, The Green, Stoford, Yeovil, Somerset BA22 9UD2
£340K11/211.19 mi421, Church Road, Thornford, Sherborne, Dorset DT9 6QE2
£310K06/211.19 mi421, Church Road, Thornford, Sherborne, Dorset DT9 6QE2
£195K02/211.26 mi443, Longford Road, Thornford, Sherborne, Dorset DT9 6QQ2
£200K04/211.26 mi444, Longford Road, Thornford, Sherborne, Dorset DT9 6QQ2
£245.5K11/231.27 mi17, Blackbirds, Thornford, Sherborne, Dorset DT9 6QZ2
£245K07/231.28 mi26, Morston, Thornford, Sherborne, Dorset DT9 6RB2
£156K02/231.47 mi2, Newton Road, Stoford, Yeovil, Somerset BA22 9UW2
£220K02/211.55 mi23, The Green, Stoford, Yeovil, Somerset BA22 9UD2
£182K08/211.74 mi9, Clifton View, Barwick, Yeovil, Somerset BA22 9TU2
£173K06/231.78 mi44, Lyde Road, Yeovil, Somerset BA21 5DN2
£122K12/201.79 mi45, Lyde Road, Yeovil, Somerset BA21 5AT2
£162.5K03/231.8 mi23, Cromwell Road, Yeovil, Somerset BA21 5AN2
£130K12/211.82 mi10, Mowleaze, Barwick, Yeovil, Somerset BA22 9TY2
£155K03/211.82 mi34, Fairhouse Road, Barwick, Yeovil, Somerset BA22 9TL2
£133K12/201.82 mi21, Sandringham Road, Yeovil, Somerset BA21 5JE2
£142.5K03/211.86 mi6, Great Western Terrace, Yeovil, Somerset BA21 5AA2
£157.5K02/211.86 mi36, Cromwell Road, Yeovil, Somerset BA21 5AW2
£170K05/231.86 mi37, Cromwell Road, Yeovil, Somerset BA21 5AN2
£135K11/211.91 mi1, St Michael's Avenue, Yeovil, Somerset BA21 4LA2
£185K12/221.92 mi3, St Michael's Avenue, Yeovil, Somerset BA21 4LA2
£172K04/211.92 mi149, Sherborne Road, Yeovil, Somerset BA21 4HF2
£150K04/211.93 mi83, St Michaels Road, Yeovil, Somerset BA21 5AH2
£175K05/211.93 mi52, St Michaels Road, Yeovil, Somerset BA21 5AH2
£145K03/211.97 mi6, Alexandra Road, Yeovil, Somerset BA21 5AL2
£141.8K10/211.97 mi20, Alexandra Road, Yeovil, Somerset BA21 5AL2
£168K09/211.97 mi1, St Thomas Cross, Yeovil, Somerset BA21 4JT2
£150K04/211.97 mi5, St Thomas Cross, Yeovil, Somerset BA21 4JT2
£159K04/211.98 mi29, Lowther Road, Yeovil, Somerset BA21 5PF2
£152.5K06/231.99 mi133, Lyde Road, Yeovil, Somerset BA21 5PL2

Local Rents

50 rents from £600/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/240.11 miSouth View, Bradford Abbas2
£1,47003/240.68 mi-3
£1,50011/240.68 mi-3
£1,30012/230.69 mi-3
£1,30003/250.69 mi-3
£1,26504/240.72 mi-3
£1,26504/240.72 miWyke, Sherborne, DT93
£2,07507/240.86 mi-4
£2,04507/240.87 mi-3
£2,20003/240.87 miClifton Maybank, Yeovil, BA223
£2,20003/240.87 miClifton Maybank, Yeovil, BA223
£1,70001/240.87 mi-2
£1,30003/241.2 mi33 The Waldrons, Thornford, Sherborne, Dorset. DT9 6PX3
£1,10003/241.28 miMorston, Thornford, Sherborne, DT93
£62512/241.32 mi-2
£72505/241.32 mi-1
£74012/241.32 mi-1
£72504/241.32 miYeo Valley, Stoford, Yeovil, BA221
£1,10012/241.37 mi-3
£1,10001/251.37 mi-3
£1,10005/241.37 miHillside View, Yeovil, BA223
£1,20003/241.37 miHillside View, Stoford, YEOVIL3
£90001/241.38 mi-3
£95003/241.38 miQuarry Cottages2
£1,10005/241.5 miMeadow View, Stoford, Yeovil, Somerset, BA223
£1,25005/241.52 miCourt Lane, Stoford3
£1,90001/241.58 mi-3
£1,90003/251.58 mi-3
£72503/241.6 miHoopers Lane, Stoford, YEOVIL1
£1,20005/241.62 miSilver Street, Stoford, YEOVIL3
£80011/241.69 mi-1
£89504/241.76 miEastern Yeovil, Somerset2
£82503/241.78 miChepstow Court, Lyde Road, Yeovil2
£82503/241.78 miChepstow Court, Lyde Road, Yeovil2
£95003/241.79 miHerblay Close, YEOVIL2
£1,05003/241.8 miLyde Road, Yeovil3
£80003/241.82 miLyde Road, YEOVIL1
£89512/241.83 mi-2
£89503/241.84 miThe Mill, Barwick2
£89503/241.84 miVictoria Road, Yeovil2
£1,20003/241.85 miSherborne Road, YEOVIL3
£70004/241.86 miCromwell Road, YEOVIL1
£1,05010/231.86 mi-3
£82503/241.88 miHillside Terrace, Yeovil2
£95003/241.89 miRosebery Avenue, YEOVIL3
£1,10003/241.9 miYeovil3
£69511/231.91 mi-1
£95003/241.92 miChurch Lane, Barwick, YEOVIL1
£60008/231.92 mi-1
£60003/241.92 mi-1

Local Area Statistics

Population in DT9

20,760

Town centre distance

3.21 miles away

Nearest school

0.20 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £269,950

February 28, 2025

Listed for £279,000

December 10, 2024

Sold for £175,000

2005

Sold for £124,000

2003

Floor Plans

Description

  • VERY PRETTY GRADE II LISTED THATCHED END OF TERRACE DORSET COTTAGE. +
  • LARGE PRIVATE 90' REAR GARDEN BOASTING SUNNY ASPECT. +
  • DRIVEWAY PARKING FOR TWO CARS. +
  • TUCKED AWAY VILLAGE CENTRE LOCATION ON NO-THROUGH LANE. +
  • SURROUNDED BY ATTRACTIVE CHARACTER COTTAGES. +
  • RECENTLY FULLY RE-THATCHED / LPG FIRED RADIATOR CENTRAL HEATING. +
  • INGLENOOK FIREPLACE, EXPOSED BEAMS, LATCH DOORS ANDEXPOSED INTERNAL STONE. +
  • NO FURTHER CHAIN. +
  • VERY SHORT WALK TO VILLAGE PUB, PARISH CHURCH AND PRIMARY SCHOOL. +
  • SHORT DRIVE TO RAILWAY STATION TO LONDON WATERLOO AND SHERBORNE TOWN. +

VACANT - NO FURTHER CHAIN. WITH DRIVEWAY PARKING FOR TWO CARS! HUGE 90' REAR GARDEN! 'Bankside Cottage, 4 The Cross' is a very pretty, Grade II listed, thatched end of terrace cottage dating back to approximately 1690 and situated in the heart of the popular Dorset village of Bradford Abbas. The cottage is tucked away at the end of a no-through lane, surrounded by attractive character cottages. It is a short walk to the local village pub and primary school. There are country lane walks from nearby the front door - ideal as you do not need to put the children or the dogs in the car! The cottage has been recently fully re-thatched and has also been maintained well. It boasts a wealth of original character features including an Inglenook fireplace, exposed beams, pine latch cottage doors, multi-pane windows and exposed natural stone internal elevations. It is heated by an LPG fired radiator central heating system. The cottage boasts a huge, private rear garden measuring 90' in length x 20' in width and benefitting from sunny east and south-facing aspects. There is driveway parking at the front of the cottage for two cars. The accommodation comprises large sitting room (20'2 maximum x 11'8 maximum), open-plan kitchen dining room (18'10 maximum 11'9 maximum), attached ground floor utility room, first floor landing, one large double bedroom (18'4 maximum 10'5 maximum), a second single bedroom / office and a first floor family bathroom. It is only a short walk to the village centre and amenities, including village pub, parish church and sought-after primary school. It is a short drive to the Abbey town of Sherborne with its coveted high street, buzzing, popular out-and-about culture, boutique stores, organic bakeries, coffee shops, restaurants, gastro-pubs and farmers market. Sherborne also boasts the breath-taking Sherborne Abbey building, Alms Houses and world-famous Sherborne private schools. NO FURTHER CHAIN.

It is also a very short drive to the mainline railway station to London Waterloo. Sherborne has also recently won the award for the best place to live in the South West by The Times 2024. It also boasts ‘The Sherborne’ – a top class, recently opened arts and conference centre plus restaurant that is in the building of the original Sherborne house. It is only a 45 minute drive to the stunning Jurassic Coastline. It is only a short drive to the centres of Sherborne, Bruton and Wincanton towns. Bruton is particularly popular with ex-London buyers and offers Hauser & Wirth Somerset - a pioneering world-class gallery and multi-purpose arts centre. It also boasts The Newt - a country estate with splendid gardens, woodland, hotel, restaurants and farmland. This cottage is perfect for those couples or singles making the most of the decreasing mortgages available at the moment, buyers cashing out of the South East and London market or cash buyers looking for their perfect pied-a-terre or rural pad to spend time in.

Front door with outside light leads to

SITTING ROOM: 20’2 Maximum x 11’8 Maximum. A generous main reception room full of cosy cottage features including Inglenook fireplace, flagstone hearth, log burner-style LPG stove, exposed internal beams and natural stone elevations, multi-pane period window to the front, two radiators, TV aerial attachment, staircase rises to the first floor, pine latch cottage door leads to the

KITCHEN / DINING ROOM: 18’10 Maximum x 11’9 Maximum. An large open-plan room boasting an extensive range of fitted pine panelled kitchen units comprising granite effect laminated work surface, inset stainless steel one and a half sink bowl and drainer unit, mixer tap over, decorative tiled surrounds, inset electric hob with Bosch electric oven under, a range of drawers and cupboards under, space and plumbing for dishwasher, space for upright fridge freezer, radiator, a range of matching wall mounted cupboards, under unit lighting, concealed wall mounted cooker hood extractor fan, fitted wine rack, exposed beams, timber effect flooring, two windows to the rear overlook the rear garden, glazed cottage door to the rear, painted panelling, radiator, pine door leads to under stairs cupboard space.

Staircase rises from the sitting room to the first floor landing. Window to the side. Pine moulded skirting boards and architraves, ceiling hatch to loft storage space, pine latch cottage doors lead off the landing to the first floor rooms.

BEDROOM ONE: 18’4 Maximum x 10’5 Maximum. A generous double bedroom enjoying a light dual aspect with multi-pane window to the front boasting an easterly aspect and the morning sun and window to the rear overlooking the rear garden, chimney breast feature, exposed beams, radiator.

BEDROOM TWO / OFFICE: 7’10 Maximum x 6’4 Maximum. A useful occasional single bedroom, multi-pane window to the front, radiator, exposed beams, door leads to fitted cupboard space.

FIRST FLOOR FAMILY BATHROOM: 9’6 Maximum x 7’2 Maximum. A period-style white suite comprising low level WC, pedestal wash basin, panel bath with mains shower / tap arrangement over, tiled surrounds, radiator, timber effect flooring, exposed beams, window to the rear, extractor fan.

OUTSIDE: At the front of the property is an area laid to stone chippings providing off road parking for two cars. This area gives a depth of 18’9 from the lane. A variety of flowerbeds and borders, outside light. Wrought iron side gate gives access to private side pathway leading to the main rear garden. Security lighting.

The main rear garden measures approximately 90’ in length x 20’ in width. Lower patio seating area laid to stone chippings, area to store recycling containers and wheelie bins, LPG tanks, glazed door leads to

ATTACHED UTILITY ROOM / OUTHOUSE: Providing space and plumbing for washing machine, wall mounted LPG-fired boiler, light and power connected.

Three steps rise to the main lawned area enclosed by fencing and boasting a variety of mature trees and shrubs. The rear garden benefits from an easterly and southerly aspect – enjoying a good deal of sunshine.

Agent Details

Rolfe East, Sherborne

01935 316132

Next Steps?

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