3 Bed Bungalow, Planning Permission, Bridport, DT6 6DU, £475,000

Morcombelake, DT6 6DU - 1 views - a month ago

Cash
Planning
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£250K - £700K
Sold Prices/m²£1.8K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£378,603

 

 

End Value (After Refurb)

£473,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£37,710

Bridging Loan Interest

£12,469

Total Cash In

£197,378

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£473,750

Mortgage (After Refinance)

£355,313

Mortgage LTV

75%

Cash Left In

£197,378

Equity

£118,438

Rent Range

£1,100 - £1,600

Rent Estimate

£1,350

Running Costs/mo

£1,770

Cashflow/mo

£-420

Cashflow/yr

£-5,046

Gross Yield

3%

Local Sold Prices

26 sold prices from £250K to £700K, average is £405K. £1.8K/m² to £5K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£575K06/210.03 miCima Dorada, Verriotts Lane, Morcombelake, Bridport, Dorset DT6 6DU3
£700K04/230.12 miHardown Cottage, Loves Lane, Morcombelake, Bridport, Dorset DT6 6DZ3
£442K03/210.16 miDairy Cottage, The Green, Morcombelake, Bridport, Dorset DT6 6EA3
£325K01/210.86 mi7, Goodens Hill, Whitchurch Canonicorum, Bridport, Dorset DT6 6RF3
£622.5K09/231.39 mi16, St Giles Close, Chideock, Bridport, Dorset DT6 6LQ3
£470K11/201.39 mi8, St Giles Close, Chideock, Bridport, Dorset DT6 6LQ3
£395K02/211.39 mi4, St Giles Close, Chideock, Bridport, Dorset DT6 6LQ3
£470K12/201.39 mi16, St Giles Close, Chideock, Bridport, Dorset DT6 6LQ3
£355K01/211.4 miStoke Cottage, North Road, Chideock, Bridport, Dorset DT6 6LE3
£475K03/211.4 miHopyard, North Road, Chideock, Bridport, Dorset DT6 6LE3
£250K10/211.46 mi9, Collins Court, Chideock, Bridport, Dorset DT6 6HS3
£310K06/231.47 mi2, Ridwood, Chideock, Bridport, Dorset DT6 6JP3
£379.9K11/201.61 miMeadow Cottage, Mill Lane, Chideock, Bridport, Dorset DT6 6JS3
£282K06/212.21 mi7, Bridge Road, Charmouth, Bridport, Dorset DT6 6QP3
£395K05/232.23 miJasmine Cottage, The Street, Charmouth, Bridport, Dorset DT6 6QJ3
£251.5K12/202.3 mi9, Wesley Close, Charmouth, Bridport, Dorset DT6 6QT3
£430K06/212.32 mi12, Queens Walk, Charmouth, Bridport, Dorset DT6 6AB3
£387K10/232.38 miMay Cottage, West Road, Bridport, Dorset DT6 6AF3
£490K01/232.49 miKiama, 2, Double Common, Charmouth, Bridport, Dorset DT6 6PT3
£425K10/222.49 mi5, Kidmore Close, Charmouth, Bridport, Dorset DT6 6RT3
£330K03/212.49 mi25, Hammonds Mead, Charmouth, Bridport, Dorset DT6 6QX3
£400K11/202.55 mi4, Shutes Farm Cottages, Symondsbury, Bridport, Dorset DT6 6HF3
£342.5K04/212.61 miHeron Cottage, The Street, Charmouth, Bridport, Dorset DT6 6NX3
£525K12/222.63 miHawthorns, Downside Close, Charmouth, Bridport, Dorset DT6 6BH3
£410K12/222.66 miThatched Cottage, Axminster Road, Charmouth, Bridport, Dorset DT6 6PA3
£535K11/222.68 miMeadow Cottage, Old Lyme Hill, Charmouth, Bridport, Dorset DT6 6BP3

Local Rents

2 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10005/232.35 mi-3
£1,60003/252.37 mi-3

Local Area Statistics

Population in DT6

21,663

Town centre distance

3.59 miles away

Nearest school

2.50 miles away

Nearest train station

7.29 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £475,000

February 25, 2025

Floor Plans

Description

  • Potential For Development +
  • Stunning Countryside Views +
  • Two Double Bedrooms & Single Third/ Study +
  • Well Maintained Wrap Around Gardens +

A DETACHED BUNGALOW SITUATED IN A ELEVATED POSITION, ENJOYING FANTASTIC VIEWS TOWARDS THE JURASSIC COAST.

This detached two/ three bedroom bungalow is positioned in the enviable location of Verriotts Lane, Morecombelake and enjoys far reaching views towards Charmouth and Lyme Regis.
The bungalow, believed to be built in the 1960's, is of non standard "concrete construction" which may affect the lending capacity. Planning permission was obtained in 2016 for a two storey extension, which has since lapsed but would set precedence for future development. Therefore, the property would be best suited for a cash buyer or speculative developer.
Internally, a spacious entrance hall provides access to each primary room. The main living space for the bungalow is a generous sized lounge, adorned with a wood burning stove in a stone hearth, making the room particularly cosy in the colder months. The lounge features a rear aspect with large windows letting in an abundance of natural light and boasting exceptional countryside views.
Accessed from the lounge is a study/ third bedroom enjoying a dual aspect to the rear and side. The room is currently laid out as a third bedroom and has built in shelving to one side.

The adjacent kitchen is fitted with an abundance of base level storage cupboards, two pantry cupboards, a fitted oven with worktop induction hob and extractor over, stainless steel sink and space for freestanding appliances. The kitchen further enjoys the pleasant rear aspect overlooking the garden.
The bungalow is completed with two bedrooms, a bathroom and separate W/C. Both bedrooms are positioned to the front of the property and are excellent sized doubles. Bedroom one features built in wardrobe space while bedroom two has plenty of room for freestanding wardrobes.
The family bathroom is fitted with a modern stone effect tiled suite to include; bath with shower over, wash hand basin, W/C and heated towel rail.
The bungalow is situated on a roughly a third of an acre plot with beautifully maintained wrap around gardens. The rear garden is predominantly laid to lawn with an abundance of shrubs, trees and flowers. The rear garden also features a concrete outhouse and timber shed.
To the front of the property there is a gravelled driveway suitable for parking multiple vehicles as well as another lawned area.
Additional Information
Tenure: Freehold
Utilities: Mains electric and water - not metered. Oil fired central heating. Double glazed windows throughout.
Drainage: Septic Tank
Parking: Ample driveway parking for multiple vehicles & single garage.
Broadband: Refer to ofcom website
Mobile Signal: Refer to ofcom website
Flood risk: For more information refer to gov.uk, check long term flood risk
Council Tax Band: C
N.B: The property is of non-standard `concrete construction" and may effect lending capacity. If appropriate please check with your mortgage provider.
Reception 1

Kitchen

Entrance Hall

Bedroom 1

Bedroom 2

Bedroom 3

Bathroom

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.
These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.
Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.
VIEWING
Strictly through the vendors agents Goadsby

Agent Details

Goadsby, Bridport

01308 800830

Next Steps?

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