2 Bed Detached House, Refurb/BRRR, Bridport, DT6 6LR, £585,000

Lower Sea Lane, Charmouth, Bridport, DT6 6LR - 4 views - 3 months ago

Refurb/BRRR
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£178K - £675K
Sold Prices/m²£3.2K/m² - £7.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.6K/m²

Value Estimate

£295,800

 

 

End Value (After Refurb)

£490,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£146,250

Stamp Duty & Legal Fees

£35,500

Refurb Costs

£27,618

Bridging Loan Interest

£15,356

Total Cash In

£226,474

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£490,000

Mortgage (After Refinance)

£367,500

Mortgage LTV

75%

Cash Left In

£226,474

Equity

£122,500

Rent Range

£535 - £1,695

Rent Estimate

£1,098

Running Costs/mo

£1,771

Cashflow/mo

£-673

Cashflow/yr

£-8,074

Gross Yield

2%

Local Sold Prices

39 sold prices from £178K to £675K, average is £357.5K. £3.2K/m² to £7.1K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£357.5K09/210.06 mi8, Hammonds Mead, Charmouth, Bridport, Dorset DT6 6QX2
£357.5K09/210.06 mi8, Hammonds Mead, Charmouth, Bridport, Dorset DT6 6QX2
£380K12/220.07 miCharside, Riverway, Charmouth, Bridport, Dorset DT6 6LS2
£348K10/200.13 mi9, Double Common, Charmouth, Bridport, Dorset DT6 6PT2
£500K09/230.17 miLakestone, Higher Sea Lane, Charmouth, Bridport, Dorset DT6 6BD2
£295K04/210.19 mi12, Kidmore Close, Charmouth, Bridport, Dorset DT6 6RT2
£325K03/210.19 mi8, Kidmore Close, Charmouth, Bridport, Dorset DT6 6RT2
£537.5K03/210.21 miThe Tallett, Higher Sea Lane, Charmouth, Bridport, Dorset DT6 6BB2
£395K11/200.21 miFlintstones, 3, Old Rectory Close, Charmouth, Bridport, Dorset DT6 6QD2
£248K03/210.28 miBerwick Cottage, The Street, Charmouth, Bridport, Dorset DT6 6NU2
£455K08/230.31 miBox Cottage, Higher Sea Lane, Charmouth, Bridport, Dorset DT6 6AX2
£455K08/230.31 miBox Cottage, Higher Sea Lane, Charmouth, Bridport, Dorset DT6 6AX2
£425K06/210.84 miWest Cottage, Lower Catherston Road, Charmouth, Bridport, Dorset DT6 6LY2
£675K04/231.3 miBlue Haze, Timber Hill, Lyme Regis, Dorset DT7 3HQ2
£410K12/201.4 miSwift Cottage, Charmouth Road, Lyme Regis, Dorset DT7 3DP2
£400K03/231.4 mi1, Charmouth Close, Lyme Regis, Dorset DT7 3DJ2
£380K08/221.4 mi7, Charmouth Close, Lyme Regis, Dorset DT7 3DJ2
£280K08/211.44 mi60, Fairfield Park, Lyme Regis, Dorset DT7 3DS2
£220K11/221.46 mi8, Summerhill Road, Lyme Regis, Dorset DT7 3DT2
£178K09/211.5 mi28, Henrys Way, Lyme Regis, Dorset DT7 3BW2
£178K09/211.52 mi28, Henrys Way, Lyme Regis, Dorset DT7 3BW2
£264K10/211.53 mi51, Queens Walk, Lyme Regis, Dorset DT7 3BH2
£258K03/221.54 mi48, Queens Walk, Lyme Regis, Dorset DT7 3BH2
£220K03/231.55 mi34, Queens Walk, Lyme Regis, Dorset DT7 3BH2
£387.5K05/231.55 mi28, Coombe Street, Lyme Regis, Dorset DT7 3PP2
£264K10/211.56 mi51, Queens Walk, Lyme Regis, Dorset DT7 3BH2
£245K06/211.56 mi47, Queens Walk, Lyme Regis, Dorset DT7 3BH2
£400.1K04/211.57 mi14, Mill Green, Lyme Regis, Dorset DT7 3PH2
£392.5K06/231.6 miGarston, Sherborne Lane, Lyme Regis, Dorset DT7 3PD2
£485K09/221.62 miWaverley, Sherborne Lane, Lyme Regis, Dorset DT7 3PD2
£250K05/211.63 mi6, Avenue Close, Lyme Regis, Dorset DT7 3AG2
£345K02/231.64 mi31, Sherborne Lane, Lyme Regis, Dorset DT7 3PD2
£370K02/231.64 miWestleigh, Talbot Road, Lyme Regis, Dorset DT7 3BB2
£450K08/221.65 mi5, Talbot Road, Lyme Regis, Dorset DT7 3BA2
£355K07/231.65 miWhiteleaf Cottage, 3, Sherborne Lane, Lyme Regis, Dorset DT7 3NY2
£355K06/211.67 miLymstream, Higher Mill, Follet Close, Lyme Regis, Dorset DT7 3AW2
£320K01/231.7 miThe Bungalow, Hill Road, Lyme Regis, Dorset DT7 3PE2
£301K02/211.88 mi4, Kersbrook Gardens, Lyme Regis, Dorset DT7 3JL2
£392.6K12/201.98 mi18, Haye Close, Lyme Regis, Dorset DT7 3NJ2

Local Rents

13 rents from £535/mo to £1.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,60002/250.17 mi-3
£1,25003/240.26 miHigher Sea Lane, Charmouth, Bridport2
£94503/240.29 miLuttrell House, The Street, Charmouth1
£1,10005/230.34 mi-3
£1,45004/241.44 miWoodberry Down Way, Lyme Regis3
£1,10004/241.54 mi-2
£1,10003/241.54 miQueens Walk, Lyme Regis, DT72
£1,69503/241.6 miRhode Barton, Lyme Regis4
£53502/241.61 mi-1
£1,65001/251.7 mi-1
£1,25004/241.82 miWest Hill Road, Lyme Regis3
£55003/241.91 miUplyme Road, Lyme Regis1
£55004/241.91 miUplyme Road, Lyme Regis1

Local Area Statistics

Population in DT6

21,663

Town centre distance

5.85 miles away

Nearest school

0.10 miles away

Nearest train station

5.48 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £585,000

February 5, 2025

Floor Plans

Description

  • Spectacular location moments from the beach +
  • Coastal and country views +
  • In need of complete renovation +
  • Gated driveway +

Detached house situated in an outstanding location, moments from the beach enjoying sea and country views.

The Dwelling - This property is all about location, with only a select few properties in the area which can boast such a short level walk to the beach and offer such views. Add the potential to create value and you have a rare opportunity indeed.

Accommodation - At present on the ground floor there are two reception rooms and a kitchen. The kitchen comprises of eye and low level units with space for the usual appliances, plus a cupboard housing a tank and a pantry cupboard located under the stairs. On the first floor you will find another reception space which then gives access to two bedrooms and the family bathroom. However, there are endless possibilities to amend, adapt and improve the property to suit an individual buyer subject to obtaining necessary planning consents.

Outside - The property sits centrally in a good sized plot, with parking and an area of lawn to the front. Patio areas wrap around the property creating an ideal space for al fresco dining and entertaining.

Services - Mains electricity, water and drainage. Electric heating.
Broadband - Ultrafast broadband is available.
Mobile phone coverage - Network coverage is mostly limited indoors and good outdoors.
Dorset Council .
Council tax band: D.
EPC: C

Situation - The house is positioned in the delightful village of Charmouth, set on the Jurassic coast, offering an outstanding natural beauty of its own with its award-winning beach. The local shops are a few minute's walk away, with the beach on the doorstep, a children's playground a 5-minute walk and two public houses.

Directions - What3Words///crouches.random.happen.

Material Information - There is a covenant in place to pay a fair and proportionate cost for the maintenance of the private driveway.

Agent Details

Symonds & Sampson, Bridport

01308 800824

Next Steps?

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