3 Bed Bungalow, Refurb/BRRR, Sherborne, DT9 4NU, £585,000

Lester Lane, Charlton Horethorne, Sherborne, DT9 4NU - 3 months ago

Refurb/BRRR
ROI: 1%
~123 m²
+33 photos

ValuationOvervalued

Sold Prices£180K - £976K
Sold Prices/m²£1.8K/m² - £4.5K/m²

 

 

Square Metres

~123.32 m²
Price/m²£4.7K/m²

Value Estimate

£354,405

 

 

End Value (After Refurb)

£490,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£146,250

Stamp Duty & Legal Fees

£49,700

Refurb Costs

£49,999

Bridging Loan Interest

£15,356

Total Cash In

£263,055

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£490,500

Mortgage (After Refinance)

£367,875

Mortgage LTV

75%

Cash Left In

£263,055

Equity

£122,625

Rent Range

£850 - £15,000

Rent Estimate

£2,146

Running Costs/mo

£1,982

Cashflow/mo

£164

Cashflow/yr

£1,968

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £180K to £976K, average is £264.8K. £1.8K/m² to £4.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£715K11/220.08 miBumble Cottage, Maperton Road, Charlton Horethorne, Sherborne, Somerset DT9 4NT3
£350K12/200.33 miManor Farm Cottage, Cathill Lane, Charlton Horethorne, Sherborne, Somerset DT9 4PA3
£370K12/220.43 miBarley Green, Manor Close, Charlton Horethorne, Sherborne, Somerset DT9 4PF3
£622.8K08/221.78 mi37, Cabbage Lane, Horsington, Templecombe, Somerset BA8 0DA3
£400K12/222.04 miHazeldene, High Road, Horsington, Templecombe, Somerset BA8 0DN3
£472K06/232.07 mi1, Manor Court, Horsington, Templecombe, Somerset BA8 0ET3
£475K11/202.1 miBriars Cottage, Middle Ridge Lane, Corton Denham, Sherborne, Somerset DT9 4LP3
£541K05/212.1 miHalletts Cottage, Middle Ridge Lane, Corton Denham, Sherborne, Somerset DT9 4LP3
£650K12/222.11 miOld Chapel, Middle Ridge Lane, Corton Denham, Sherborne, Somerset DT9 4LP3
£220K12/202.3 mi3, Washingpool, Poyntington, Sherborne, Dorset DT9 4LD3
£350K02/212.49 mi807, Staffords Green, Corton Denham, Sherborne, Dorset DT9 4LY3
£335K05/232.67 miWhittles, Broadmoor Lane, Horsington, Templecombe, Somerset BA8 0EQ3
£380K12/222.74 mi2, The Hamlet, Templecombe, Somerset BA8 0HJ3
£358K10/222.75 mi40, Bowden Road, Templecombe, Somerset BA8 0LF3
£265K08/222.78 mi45, West Street, Templecombe, Somerset BA8 0LG3
£285K07/232.78 mi10, Henning Way, Milborne Port, Sherborne, Somerset DT9 5HN3
£245K03/212.78 mi18, Henning Way, Milborne Port, Sherborne, Somerset DT9 5HN3
£306K10/212.78 mi2, Russell Place, Milborne Port, Sherborne, Somerset DT9 5HQ3
£240K05/212.78 mi1, North Crescent, Milborne Port, Sherborne, Somerset DT9 5HW3
£245K10/202.78 mi19, West Street, Templecombe, Somerset BA8 0LG3
£260K03/212.78 mi13, West Street, Templecombe, Somerset BA8 0LG3
£269K08/222.78 mi29, West Street, Templecombe, Somerset BA8 0LG3
£976K10/222.79 miGlebe House, Woolston Road, North Cadbury, Yeovil, Somerset BA22 7DW3
£285K02/222.8 mi25, West Street, Templecombe, Somerset BA8 0LG3
£229K01/212.81 mi10, West View, Milborne Port, Sherborne, Somerset DT9 5EJ3
£205K12/202.81 mi5, West View, Milborne Port, Sherborne, Somerset DT9 5EJ3
£260K06/232.82 mi51, Bowden Road, Templecombe, Somerset BA8 0LF3
£205K03/212.82 mi53, Bowden Road, Templecombe, Somerset BA8 0LF3
£377.5K06/212.82 mi67, Bowden Road, Templecombe, Somerset BA8 0LF3
£260K08/212.82 mi55, Bowden Road, Templecombe, Somerset BA8 0LF3
£193K02/212.84 mi5, Station Road, Templecombe, Somerset BA8 0JR3
£270K11/222.84 mi2, Station Road, Templecombe, Somerset BA8 0JR3
£230K12/212.86 mi57, Yarn Barton, Templecombe, Somerset BA8 0JJ3
£241K03/212.87 mi24, Westcombe, Templecombe, Somerset BA8 0LH3
£210K08/212.87 mi11, Westcombe, Templecombe, Somerset BA8 0LH3
£210K08/212.87 mi11, Westcombe, Templecombe, Somerset BA8 0LH3
£264.5K02/212.89 mi3, Vine Grove, Templecombe, Somerset BA8 0JU3
£336.5K05/222.9 miMuscadel, Vine Street, Templecombe, Somerset BA8 0JY3
£555K02/232.91 miLakefield Cottage, Woolston, North Cadbury, Yeovil, Somerset BA22 7BP3
£355K11/212.92 mi4, Kington View, Templecombe, Somerset BA8 0LW3
£225K11/202.92 mi7, Casterbridge Place, Templecombe, Somerset BA8 0AF3
£225K11/202.92 mi7, Casterbridge Place, Templecombe, Somerset BA8 0AF3
£225K11/202.92 mi7, Casterbridge Place, Templecombe, Somerset BA8 0AF3
£250K01/232.93 mi10, Bowden Road, Templecombe, Somerset BA8 0LB3
£250K08/232.94 mi51, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BN3
£218K11/212.94 mi51, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BN3
£215K11/202.96 mi35, High Street, Templecombe, Somerset BA8 0JF3
£249K03/212.96 mi30, Manor Road, Milborne Port, Sherborne, Somerset DT9 5BL3
£303.5K10/222.96 mi13, Manor Close, Templecombe, Somerset BA8 0LA3
£180K02/212.96 mi7, Manor Close, Templecombe, Somerset BA8 0LA3

Local Rents

24 rents from £850/mo to £15K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£97508/240.4 mi-2
£1,00003/240.95 miCharlton Horethorne1
£2,85011/241.28 mi-6
£4,00004/241.28 miFoxcombe Lane, Horsington6
£1,08512/231.68 mi-2
£85007/231.68 mi-1
£85009/231.68 mi-1
£87501/251.68 mi-1
£97503/251.68 mi-1
£1,15011/241.68 mi-2
£98007/241.68 mi-1
£98005/241.68 miClare Cottage, Sherborne, DT91
£3,25003/241.83 miBA223
£3,25003/241.84 miBA223
£1,29002/241.97 mi-3
£2,25003/242.02 miNorth Cheriton, Templecombe4
£1,85008/232.04 mi-3
£95003/242.1 miWhitcombe Cottages, Corton Denham, Sherborne3
£92005/242.22 miDairy House Cottages, Compton Road, South Cadbury BA222
£92003/242.23 mi1 Dairy House Cottages, Compton Road, BA222
£92003/242.23 mi1 Dairy House Cottages, Compton Road, BA222
£15,00004/242.33 miHorsington, Templecombe, Somerset, BA88
£1,50004/242.36 miFolly Lane, South Cadbury, Yeovil4
£1,60004/232.48 mi-3

Local Area Statistics

Population in DT9

20,760

Town centre distance

4.60 miles away

Nearest school

0.50 miles away

Nearest train station

2.82 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £585,000

January 1, 2025

Floor Plans

Description

  • FULLY RENOVATED DETACHED BUNGALOW IN PRESTIGIOUS VILLAGE NEAR SHERBORNE +
  • EXCELLENT VILLAGE IN QUIET COUNTRY LANE LOCATION. +
  • AMAZING COUNTRYSIDE VIEWS AT THE REAR WITH SOUTH FACING ASPECT. +
  • ATTACHED SINGLE GARAGE AND PRIVATE DRIVEWAY FOR TWO CARS. +
  • STYLISH CONTEMPORARY SOCIABLE OPEN-PLAN LIVING SPACE. +
  • OIL-FIRED RADIATOR CENTRAL HEATING AND uPVC DOUBLE GLAZING. +
  • BRAND NEW KITCHEN, BATHROOMS, HEATING AND HOT WATER SYSTEM, DECORATION. +
  • EXCLLENT LEVELS OF NATURAL LIGHT. +
  • SHORT DRIVE TO SHERBORNE AND MAINLINE RAILWAY STATION TO LONDON WATERLOO +
  • SHORT WALK TO EXCELLENT VILLAGE PUB, SHOP, VILLAGE HALL AND PRIMARY SCHOOL +

VACANT - A simply stunning detached bungalow that has been the subject of full renovation and re-design throughout. The property stands in a top country lane address in a quiet backwater of this sought-after village, boasting amazing south-facing countryside views at the rear. There is private driveway parking for two cars leading to an attached single garage with automatic door. There are lovely, level gardens at the front and rear, the rear boasting a sunny south-facing aspect and backing on to fields, with views of the pretty parish church. There are country lane walks from the front door – ideal as you do not need to put the children and the dogs in the car. It is also only a short walk to the excellent village pub, shop and other amenities. This stylish single-storey residence is in excellent decorative order throughout with brand new kitchen, bathrooms, heating and hot water system plus full redecoration throughout. The property is heated by an oil-fired radiator central heating system with new boiler and oil tank. It also benefits from uPVC double glazing. The deceptively spacious, contemporary open-plan accommodation enjoys excellent levels of natural light via dual and triple aspects, large windows and a sunny southerly aspect. It is well arranged and comprises entrance reception hall, sitting room, open plan kitchen / dining room with larder, utility room, boot room / side lobby, cloakroom / WC, master double bedroom with en-suite shower room, two further double bedrooms and a family bathroom. This rare and unique property is situated on a quiet country lane in the picturesque and attractive village of Charlton Horethorne on the Somerset / Dorset borders. The village offers The Kings Arms, an award winning superb public house hotel offering great food and ambience. There is also The Village Store awarded a National Treasures Award by Good Housekeeping 2020, active village hall and community, attractive central village green, primary school and church.

VACANT - A simply stunning detached bungalow that has been the subject of full renovation and re-design throughout. The property stands in a top country lane address in a quiet backwater of this sought-after village, boasting amazing south-facing countryside views at the rear. There is private driveway parking for two cars leading to an attached single garage with automatic door. There are lovely, level gardens at the front and rear, the rear boasting a sunny south-facing aspect and backing on to fields, with views of the pretty parish church. There are country lane walks from the front door – ideal as you do not need to put the children and the dogs in the car. It is also only a short walk to the excellent village pub, shop and other amenities. This stylish single-storey residence is in excellent decorative order throughout with brand new kitchen, bathrooms, heating and hot water system plus full redecoration throughout. The property is heated by an oil-fired radiator central heating system with new boiler and oil tank. It also benefits from uPVC double glazing. The deceptively spacious, contemporary open-plan accommodation enjoys excellent levels of natural light via dual and triple aspects, large windows and a sunny southerly aspect. It is well arranged and comprises entrance reception hall, sitting room, open plan kitchen / dining room with larder, utility room, boot room / side lobby, cloakroom / WC, master double bedroom with en-suite shower room, two further double bedrooms and a family bathroom. This rare and unique property is situated on a quiet country lane in the picturesque and attractive village of Charlton Horethorne on the Somerset / Dorset borders. The village offers The Kings Arms, an award winning superb public house hotel offering great food and ambience. There is also The Village Store awarded a National Treasures Award by Good Housekeeping 2020, active village hall and community, attractive central village green, primary school and church.

Steps rise to storm porch with outside light. Double glazed and panel front door with outside light leads to

ENTRANCE RECEPTION HALL: 9’3 maximum x 24’2. A generous L-shaped entrance reception area providing a greeting area and a heart to the home. Waterproof oak effect laminate flooring, radiator, ceiling hatch to loft storage space, oak door leads to shelved airing cupboard with electric light connected, radiator. Oak doors lead off the entrance reception hall to the main rooms.

OPEN-PLAN KITCHEN DINING ROOM: 18’2 maximum x 18’5 maximum. A fantastic contemporary open-plan living space enjoying a light triple aspect with uPVC double glazed door to the side, uPVC double glazed window to the side enjoying countryside views, an easterly aspect and the morning sun, internal window to the side. A range of brand-new Shaker-style kitchen units, quartz worksurface, decorative herringbone tiled surrounds, inset Bosch electric hob, a range of pan drawers and cupboards under. A range of matching wall mounted cupboards, wall mounted cooker hood extractor fan, stainless steel Bosch electric oven and grill, integrated fridge and freezer, island unit with quartz worktop, ceramic one and a half sink bowl with mixer tap over, integrated Bosch dishwasher, cupboards under, breakfast bar, waterproof oak effect laminate flooring, radiator, inset Led ceiling lighting. Oak door leads to

UTILITY ROOM: 4’8 maximum x 4’5 maximum. Quartz worksurface, space and plumbing for tumble dryer and washing machine under, wall mounted cupboards, waterproof oak effect laminate flooring.

Oak glazed door from the open plan and kitchen dining room leads to

SIDE LOBBY / BOOT ROOM: 8’5 maximum x 3’9 maximum. uPVC double glazed windows to the side and rear with countryside views, uPVC double glazed door to the side. Waterproof oak effect laminate flooring.

Oak glazed double doors open from the kitchen dining room to the sitting room, when open providing a full through-measurement of 30’1 maximum.

SITTING ROOM: 11’7 maximum x 17’8 maximum. A beautifully presented main reception room enjoying a light triple aspect with uPVC double glazed windows to both sides (east and west aspect), large uPVC double glazed window to the rear enjoying countryside views and views across the village including the pretty parish church, south facing. Waterproof oak effect laminate flooring, radiator.

Oak doors lead off the entrance hall to further rooms.

MASTER BEDROOM: 15’ maximum x 9’7 maximum. A generous double bedroom, uPVC double glazed window to the rear enjoys countryside views and a sunny southerly aspect, radiator. Oak door leads to EN-SUITE SHOWER ROOM: 9’6 maximum x 3’11 maximum. A period style white suite comprising low level fitted WC, ceramic wash basin in worksurface, tiled surrounds, cupboards under, radiator, glazed shower cubicle with wall mounted mains shower over, tiling to splash prone areas, ceramic floor tiles, radiator, uPVC double glazed window to the front, inset ceiling lighting, extractor fan.

BEDROOM TWO: 9’9 maximum x 8’4 maximum. A second double bedroom, uPVC double glazed window to the rear overlooks the rear garden, countryside views, views to the pretty parish church, sunny south facing aspect, radiator.

BEDROOM THREE: 11’ x 6’11 maximum. A generous third bedroom, uPVC double glazed window to the front, radiator.

FAMILY BATHROOM: 7’1 maximum x 7’ maximum. A period style white suite comprising fitted low level WC, ceramic wash basin in worksurface, cupboards under, free standing roll top bath on ball-and-claw feet with mains shower tap over, tiling to splash prone areas, ceramic floor tiles, uPVC double glazed window to the front, chrome heated towel rail, mirrored bathroom cabinet, extractor fan.

OUTSIDE:
At the front of the property a dropped curb gives vehicle access from the country lane to a private driveway providing off road parking for two to three cars, leading to ATTACHED SINGLE GARAGE: 16’1 in depth x 8’8 in width. uPVC double glazed window to the side, automatic up and over garage door, light and power connected, garage houses Grant oil fired central heating boiler and Gledhill stainless pressurised sealed hot water cylinder and emersion heater, expansion tanks.
There is a generous portion of front garden giving a depth of 34’2 from the lane. It is laid mainly to lawn and enclosed by mature hedges and fencing, a variety of flowerbeds and borders including some mature trees and shrubs, outside security lighting, outside tap.
Side pathway and timber gate leads to the main rear garden, side area laid to concrete ideal for storing recycling containers and wheelie bins. Timber fenced area housing oil tank, rainwater harvesting butt.

MAIN REAR GARDEN measures 55’8 maximum in width x 36’5 maximum in depth. This rear garden enjoys a good degree of privacy with a sunny south facing aspect. It backs onto fields with countryside views, paved patio seating area, outside security lighting, a variety of well stocked flowerbeds and borders, some mature trees and shrubs.

Agent Details

Rolfe East, Sherborne

01935 316132

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