2 Bed Flat, Single Let, Sherborne, DT9 3NG, £179,950

THE OLD MERMAID South Street, Sherborne, Dorset, DT9 3NG - 1 views - 4 months ago

Leasehold
BTL
49 m²
+5 photos

ValuationOvervalued

Sold Prices£105K - £330K
Sold Prices/m²£1.5K/m² - £5.4K/m²

 

 

Square Metres

49 m²
Price/m²£3.7K/m²

Value Estimate

£106,286

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£6,599

Total Cash In

£51,586

 

 

Cash Out

 

Rent Range

£1 - £3,683

Rent Estimate

£666

Running Costs/mo

£716

Cashflow/mo

£-50

Cashflow/yr

£-595

Gross Yield

4%

Local Sold Prices

21 sold prices from £105K to £330K, average is £147K. £1.5K/m² to £5.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£285K04/220.11 miFlat 1, The Pageant, South Street, Sherborne, Dorset DT9 3LR2
£330K11/220.14 miFlat 8, The Pageant, South Street, Sherborne, Dorset DT9 3LR2
£295K02/220.17 miFlat 3, Brecon House, Long Street, Sherborne, Dorset DT9 3BY2
£330K07/230.2 miFlat 2, St. Antonys School House, Westbury, Sherborne, Dorset DT9 3QF2
£117K11/230.32 miFlat 26, Hillbrook Court, Acreman Street, Sherborne, Dorset DT9 3NZ2
£255K10/200.35 miFlat 5, Greenhill Court, Greenhill, Sherborne, Dorset DT9 4EP2
£250K12/220.36 miFlat 1, Saffron Court, The Avenue, Sherborne, Dorset DT9 3AH2
£138K09/210.5 miFlat 12, Lenthay Court, Lenthay Road, Sherborne, Dorset DT9 6BQ2
£105K05/230.5 miFlat 10, Lenthay Court, Lenthay Road, Sherborne, Dorset DT9 6BQ2
£312.5K04/210.6 mi13, Chandlers, Sherborne, Dorset DT9 3RT2
£150K06/220.68 miFlat 11, Kings Court, Quarr Lane, Sherborne, Dorset DT9 4HT2
£130K06/210.68 miFlat 6, Kings Court, Quarr Lane, Sherborne, Dorset DT9 4HT2
£145K01/230.73 mi74, Mccreery Road, Sherborne, Dorset DT9 4DZ2
£144K09/230.77 mi36, Littlefield, Sherborne, Dorset DT9 6AX2
£106K03/210.77 mi36, Littlefield, Sherborne, Dorset DT9 6AX2
£115K02/210.77 mi22, Littlefield, Sherborne, Dorset DT9 6AX2
£115K11/220.77 mi22, Littlefield, Sherborne, Dorset DT9 6AX2
£127K03/210.82 mi30, Westbridge Park, Sherborne, Dorset DT9 6BA2
£150K12/200.82 mi28, Westbridge Park, Sherborne, Dorset DT9 6BA2
£147K06/212.77 mi8, Old Tannery Way, Milborne Port, Sherborne, Somerset DT9 5GA2
£157.8K07/212.97 mi3, Wheathill Way, Milborne Port, Sherborne, Somerset DT9 5EZ2

Local Rents

50 rents from £1/mo to £3.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,19502/250.03 mi-2
£90003/240.08 miDigby Road, SHERBORNE2
£1,15001/240.09 mi-2
£70004/240.09 miWestbury, Sherborne, Dorset, DT91
£1,95003/240.11 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£65003/240.14 miFinger Lane, Sherborne1
£1,08501/240.18 mi-2
£1,85005/240.25 miSherborne3
£67503/240.27 miNewland, Sherborne, Dorset, DT91
£105/240.28 miHorsecastles, Sherborne, Dorset, DT95
£1,20003/240.29 mi-1
£90012/230.31 mi-1
£1,25003/240.32 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£1,75003/240.33 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£65005/240.34 miGreenhill, Sherborne, DT91
£1,40005/240.35 miNewland, Sherborne3
£1,75010/230.36 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,00003/240.37 miThe Avenue, Sherborne, DT91
£1,50003/240.43 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£80011/230.46 mi-3
£67502/240.48 mi-1
£95002/240.48 mi-2
£1,50004/240.49 miBede Street, Sherborne, Dorset, DT93
£1,50005/240.49 miBede Street, Sherborne, Dorset, DT93
£95003/250.51 mi-2
£97503/240.55 mi3 Coombe Terrace, Sherborne, Dorset, DT9 4DA2
£1,59508/230.64 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£1,25004/240.66 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£1,20012/230.67 mi-3
£70003/240.68 miQuarr Lane, Sherborne2
£1,15010/230.68 miGranville Way, Sherborne, Dorset, DT9 4AS3
£80005/240.71 mi-1
£80005/240.71 miCedar Park, Sherborne, DT91
£70005/240.72 miCedar Park, Granville Way, Sherborne1
£95010/230.74 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£2,17501/240.75 mi-4
£87503/240.75 miGranville Way, Sherborne2
£2,40003/240.86 miMildenhall Road, SHERBORNE4
£2,75003/240.86 miMildenhall Road, SHERBORNE4
£2,00005/240.87 miGainsborough Drive, Sherborne4
£1,60004/240.87 miAbbots Way, Sherborne, Dorset4
£1,10005/241.62 miOborne, Sherborne2
£1,10005/241.67 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£85003/241.8 miThe Three Elms, North Wootton, Sherborne2
£3,68303/241.8 miThe Three Elms, North Wootton, Sherborne2
£1,50005/242.06 miWayside Cottage, Alweston, Sherborne, Dorset, DT93
£1,35003/242.41 miMillborne Port4
£1,40003/242.42 miMilborne Port3
£1,50004/242.42 miHanover View, Milborne Port, SHERBORNE3
£97501/252.46 mi-1

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £179,950

December 18, 2024

Sold for £119,000

2006

Sold for £29,000

1995

Floor Plans

Description

  • Town Center Location +
  • High ceilings +
  • Sash Windows +
  • Good Condition +
  • No Onward Chain +
  • First Floor +

The property is situated on the first floor of a handsome period building in the hugely sought-after historic town of Sherborne. The apartment is well-appointed and presented in good condition. It is neutrally decorated with flexible accommodation and an incredibly spacious master bedroom.

The apartment is entered via the entrance hall, which houses the hot water cylinder and immersion heater.

The entrance hall leads directly into the sitting room, which is peacefully located in the center of the property, enjoying high ceilings and a quiet aspect to the side of the building.

The fully fitted and well-appointed kitchen is conveniently off the sitting room with modern appliances and units.

The shower room consists of a white suite and practical laminate flooring.

The second bedroom allows room for a double bed and is currently used for storage.

The master bedroom is extremely spacious, with an in-built cupboard, high ceilings, and a sash window at the front of the property.

Sherborne is a thriving, culturally rich market town with an abundance of amenities and stunning architecture. The apartment is moments from the train station, which operates the Exeter to London main line (Waterloo Station can be reached directly in just over two hours). Sainsbury's is a few minutes' walk away, and Waitrose is also within the town. Cheap Street is packed with a mixture of both independent and more corporate shops with a plethora of restaurants and pubs to dine and drink in. It is home to the recently opened Sherborne House and notable landmarks such as Sherborne Abbey, the Alms House, and The Old Castle. World-renowned boarding schools are within the town and a vast selection of primary schools are on offer too. There are ample sports clubs on hand: golf, tennis, rugby, and cricket, to name but a few.

Agent Details

GP Weston, Covering The West Country

01935 312697

Next Steps?

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