3 Bed Detached House, Refurb/BRRR, Bridport, DT6 5PH, £250,000

4 Pymore Terrace, Pymore, Bridport, Dorset DT6 5PH - 1 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+6 photos

ValuationFair Value

Sold Prices£190K - £560K
Sold Prices/m²£1.9K/m² - £9.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£305,105

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,710

Bridging Loan Interest

£6,563

Total Cash In

£117,222

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,105

Mortgage (After Refinance)

£228,829

Mortgage LTV

75%

Cash Released

£41,329

Cash Left In

£75,893

Equity

£76,276

Rent Range

£431 - £4,312

Rent Estimate

£1,184

Running Costs/mo

£1,210

Cashflow/mo

£-26

Cashflow/yr

£-315

Gross Yield

6%

Local Sold Prices

50 sold prices from £190K to £560K, average is £296K. £1.9K/m² to £9.1K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£324K07/230.07 mi4, Suttil Crescent, Pymore, Bridport, Dorset DT6 5QU3
£315K05/210.41 mi12, Dodhams Farm Close, Bridport, Dorset DT6 3EZ3
£275K03/210.41 mi3, Dodhams Farm Close, Bridport, Dorset DT6 3EZ3
£297K03/210.41 mi8, Dodhams Farm Close, Bridport, Dorset DT6 3EZ3
£386.5K04/210.44 mi6, Ridgeway, Bridport, Dorset DT6 3ED3
£225K10/200.56 mi3, Knightstone Rise, Bridport, Dorset DT6 3DR3
£200K03/210.56 mi6, Knightstone Rise, Bridport, Dorset DT6 3DR3
£355.1K01/230.56 mi33, Knightstone Rise, Bridport, Dorset DT6 3DR3
£436K10/200.56 mi5, St Cecilias Gardens, Bridport, Dorset DT6 3XF3
£280K12/220.56 mi205, Orchard Avenue, Bridport, Dorset DT6 5RJ3
£230K10/200.57 mi11, Pageant Close, Bridport, Dorset DT6 3EG3
£342K04/210.58 mi9, Coneygar Close, Bridport, Dorset DT6 3AR3
£370K06/210.58 mi11, Coneygar Close, Bridport, Dorset DT6 3AR3
£450K09/210.58 mi10, Coneygar Close, Bridport, Dorset DT6 3AR3
£390K10/220.59 mi29, Claremont Road, Bridport, Dorset DT6 3AY3
£196K03/210.6 mi52, Gore Cross Way, Bridport, Dorset DT6 3EN3
£220K04/210.6 mi1, Gore Cross Way, Bridport, Dorset DT6 3EN3
£435K03/210.6 mi33, St Katherines Avenue, Bridport, Dorset DT6 3DE3
£390K02/210.6 mi24, St Katherines Avenue, Bridport, Dorset DT6 3DE3
£250K08/210.61 mi11, Fishweir Fields, Bridport, Dorset DT6 3HE3
£190K01/210.61 mi7, Fishweir Fields, Bridport, Dorset DT6 3HE3
£230K03/210.61 mi5, Fishweir Fields, Bridport, Dorset DT6 3HE3
£269K08/220.63 mi2, Pageant Close, Bridport, Dorset DT6 3EG3
£342K11/200.65 mi2, Blind Lane Close, Bridport, Dorset DT6 3FE3
£305K06/210.66 mi2, Wellfields Drive, Bridport, Dorset DT6 3HH3
£350K08/220.66 mi39, Wellfields Drive, Bridport, Dorset DT6 3HH3
£425K11/220.66 mi7, Trinity Way, Bridport, Dorset DT6 3XJ3
£280K08/230.66 mi60, Fishweir Fields, Bridport, Dorset DT6 3HF3
£250K09/210.66 mi67, Fishweir Fields, Bridport, Dorset DT6 3HF3
£415K08/230.67 mi3, Russet Gardens, Bridport, Dorset DT6 3AP3
£225K12/200.67 mi148, Orchard Crescent, Bridport, Dorset DT6 5HB3
£339K09/220.67 mi161, Orchard Crescent, Bridport, Dorset DT6 5HB3
£250K03/210.68 mi133, Victoria Grove, Bridport, Dorset DT6 3AG3
£400K02/210.68 mi145a, Victoria Grove, Bridport, Dorset DT6 3AG3
£462.5K03/230.68 mi143, Victoria Grove, Bridport, Dorset DT6 3AG3
£560K09/210.69 miRawles Way, Osbourne Road, Bridport, Dorset DT6 3AN3
£205K06/210.7 mi37, Court Orchard Road, Bridport, Dorset DT6 5EY3
£265K11/220.7 mi4, North Mills, Bridport, Dorset DT6 3AH3
£500K11/220.72 mi12, Newfoundland, Bridport, Dorset DT6 3JB3
£285K01/230.73 mi65, Fishweir Fields, Bridport, Dorset DT6 3HF3
£290K02/210.73 mi22, Wellfields Drive, Bridport, Dorset DT6 3HJ3
£295K11/200.73 mi32, Wellfields Drive, Bridport, Dorset DT6 3HJ3
£285K06/210.75 mi9, Parsonage Road, Bridport, Dorset DT6 5ET3
£240K03/210.75 mi66, Cherry Tree, Bridport, Dorset DT6 5HQ3
£230K02/210.76 mi87, St Swithins Road, Bridport, Dorset DT6 5DF3
£510K12/220.77 mi1, Caley Way, Bridport, Dorset DT6 3HD3
£340K02/230.8 mi11, Parsonage Road, Bridport, Dorset DT6 5ET3
£238.5K04/210.8 mi69, Cherry Tree, Bridport, Dorset DT6 5HH3
£291K02/230.81 mi30, Wellfields Drive, Bridport, Dorset DT6 3HJ3
£325K06/210.81 mi11, Mead Fields, Bridport, Dorset DT6 5RE3

Local Rents

50 rents from £431/mo to £4.3K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£92503/240.05 miPymore1
£1,05003/240.59 miConeygar Close, Bridport2
£85011/230.61 mi-2
£1,30003/240.62 miBridport3
£43106/230.73 mi-1
£1,00005/240.82 miBridport3
£90007/230.82 mi-2
£72004/240.85 miNorth Allington, Bridport1
£65001/240.86 mi-1
£65008/240.86 mi-1
£77505/240.87 miHappy Island Way, Bridport1
£77503/240.95 miBridport Town1
£85010/240.97 mi-1
£60003/240.99 miBridport1
£1,50004/241 miEast Street - Bridport4
£67504/241 miBarrack Street, Bridport, DT62
£67505/241 mi-2
£85003/241.01 miBridport2
£1,00004/241.01 miBridport Town Centre2
£1,00005/241.03 miBridport2
£75003/241.03 miBridport1
£79503/251.04 mi-1
£79512/241.04 miWest Court, Bridport2
£85005/231.04 mi-2
£95012/241.05 miEast Street, Bridport2
£80006/231.06 mi-1
£70004/241.07 miBridport1
£97504/241.07 miBridport2
£95011/241.09 mi-2
£2,50004/241.09 miWest Allington, Bridport6
£97503/241.1 miBridport2
£1,00003/251.1 mi-2
£4,31203/241.13 miHoward Road, Bothenhampton2
£85006/241.14 mi-2
£99504/241.14 miHoward Road, Bothenhampton, Bridport2
£75006/231.14 mi-1
£1,30005/231.14 mi-4
£1,45010/241.14 mi-4
£82503/241.16 miChurch Street, Bridport2
£76003/241.16 miSouth Street, Bridport2
£1,46004/241.16 miNew Zealand Farm Close, Bridport, DT6 3FR3
£89504/241.21 mi83 South Street, Bridport, DT6 3NZ1
£72503/241.21 miBridport1
£1,30004/241.25 miBridport3
£1,09504/241.29 miSouth Mill Lane, Bridport1
£70003/241.36 mi-2
£2,29503/241.37 miWalditch, Bridport3
£1,65003/241.46 miBridport3
£90003/241.47 miBridport2
£2,50003/241.48 miAtrim Lane, Broadoak, Bridport6

Local Area Statistics

Population in DT6

21,663

Town centre distance

1.16 miles away

Nearest school

0.30 miles away

Nearest train station

8.39 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £250,000

January 23, 2025

Floor Plans

Description

  • Classic stone cottage +
  • Unique former ropemaker’s village +
  • Great improvement potential +
  • 2 Double bedrooms +
  • Lovely views +
  • Long rear garden +
  • Parking +
  • River and country walks +
  • Close to Bridport +
  • Freehold. Council Tax Band B +

The Property - 4 Pymore Terrace is an attractive period stone terraced cottage, pleasantly located on the edge of a former ropemaker’s village, with delightful countryside views. It was formerly a mill worker’s cottage, dating back to circa 1800 and is listed grade 2 as being of architectural or historical importance. It is now in need of general modernisation and offers great potential for improvement, alteration and enlargement, subject to any necessary planning consents.

The accommodation is arranged over three floors and enjoys delightful long range views over the surrounding open countryside. Character style features, typical of its age and type, include window shutters, exposed floorboards and stripped pine doors.

The accommodation briefly extends to:

Ground floor - Living room, kitchen, store

First floor -Landing, double bedroom, bathroom

Second floor -Landing, second double bedroom (potential to create an en-suite shower room)

The cottage also benefits from off-road parking and a long rear garden.

Outside - To the front is off-road parking and a small garden. The rear garden is very long. At the far end is a large shed and former brick outhouse.

Pymore Village History - Pymore is a unique former ropemaker’s village, set on the River Brit and dates back to the 14th century. By the 1700s it gained a reputation for rope making and flax and hemp was grown in the nearby fields. Rope walks were set up near the mill pond and outbuildings, cottages, a dairy and a brewery were built. A school opened in 1870. The advent of manmade fibre forced the ropery to close down in 1955, after which the village was deserted and the buildings became derelict until the village was regenerated in the early 2000s. The original properties were restored and new homes were built in a sympathetic local style. The result is a unique riverside village environment.

Situation - Pymore occupies a country setting, yet within close reach of Bridport town. The immediate area is designated as one of outstanding natural beauty (AONB) and there are delightful riverside walks on the doorstep. The village has a public house. The thriving historic market town of Bridport offers excellent shopping, business and leisure facilities together with schools etc. The popular coastal resort of West Bay and the stunning Jurassic World Heritage Coast is also very nearby.

Services - Mains electricity, water and drainage. Mains gas nearby.
Broadband - Standard up to 26Mbps.
Mobile phone service providers available are EE and Three for voice and data services inside, in addition to O2 and Vodafone for voice and data services outside.
(Broadband and mobile phone information taken from Ofcom website. Results are predictions and not a guarantee. Actual services available may be different from results and may be affected by network outages.)

Viewings - Strictly by appointment with Stags Bridport.

Directions - From Bridport town proceed along West Street and turn right into Victoria Grove. Follow this road out of the town and into Pymore. Turn left into Threadmill Lane and 2nd left over the bridge. Pymore Terrace will be seen on the right.

Agent Details

Stags, Bridport

01308 800826

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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