4 Bed Terraced House, Refurb/BRRR, Sherborne, DT9 3DU, £595,000

123 Newland, Sherborne, Dorset, DT9 3DU - 2 views - 2 months ago

Refurb/BRRR
~129 m²
+10 photos

ValuationOvervalued

Sold Prices£270K - £1.0M
Sold Prices/m²£2.2K/m² - £4.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.6K/m²

Value Estimate

£369,750

 

 

End Value (After Refurb)

£556,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£148,750

Stamp Duty & Legal Fees

£36,300

Refurb Costs

£52,406

Bridging Loan Interest

£15,619

Total Cash In

£254,825

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£556,250

Mortgage (After Refinance)

£417,188

Mortgage LTV

75%

Cash Left In

£254,825

Equity

£139,063

Rent Range

£800 - £1,950

Rent Estimate

£1,427

Running Costs/mo

£2,044

Cashflow/mo

£-617

Cashflow/yr

£-7,400

Gross Yield

3%

Local Sold Prices

27 sold prices from £270K to £1.0M, average is £520K. £2.2K/m² to £4.3K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£525K01/210.03 mi123, Newland, Sherborne, Dorset DT9 3DU4
£588K03/210.11 miRokeby, Tinneys Lane, Sherborne, Dorset DT9 3DY4
£692.5K02/230.11 miLanbar, Tinneys Lane, Sherborne, Dorset DT9 3DY4
£475K11/200.16 mi39, Dunstan Street, Sherborne, Dorset DT9 3SE4
£480K10/210.19 mi21, Dunstan Street, Sherborne, Dorset DT9 3SE4
£550K02/230.19 mi39, Dunstan Street, Sherborne, Dorset DT9 3SE4
£1.0M10/220.21 mi50, Newland, Sherborne, Dorset DT9 3JH4
£347K01/210.22 miBrewery Cottage, Long Street, Sherborne, Dorset DT9 3BY4
£480K12/220.3 mi3, Langdons, Sherborne, Dorset DT9 3RR4
£650K01/210.46 miAird House, Bristol Road, Sherborne, Dorset DT9 4HP4
£875K02/230.55 miPendower House, Priestlands, Sherborne, Dorset DT9 4HW4
£460K03/210.56 mi42, Acreman Street, Sherborne, Dorset DT9 3NX4
£335K11/200.57 miCulmer Cottage, Bristol Road, Sherborne, Dorset DT9 4HS4
£270K06/210.58 mi41, Mccreery Road, Sherborne, Dorset DT9 4DT4
£540K12/200.58 mi89, Acreman Street, Sherborne, Dorset DT9 3PH4
£640K02/210.62 miThe Abbey House, 2, The Old School Place, Sherborne, Dorset DT9 3HS4
£497.5K07/230.65 mi9, Quarr Drive, Sherborne, Dorset DT9 4HZ4
£340K12/220.7 mi72, Wingfield Road, Sherborne, Dorset DT9 3HH4
£687.5K12/210.74 miFairmead, Marston Road, Sherborne, Dorset DT9 4BJ4
£563K03/210.76 miMarston House, Marston Road, Sherborne, Dorset DT9 4BL4
£365K09/230.77 miPendene, Bradford Road, Sherborne, Dorset DT9 3QL4
£520K04/210.8 miGreen Apple Cottage, Horsecastles Lane, Sherborne, Dorset DT9 6BH4
£625K12/210.87 mi6, Springfield Crescent, Sherborne, Dorset DT9 6DN4
£330K10/230.9 mi36, Barton Gardens, Sherborne, Dorset DT9 4BE4
£385K02/210.93 miNew Cross, Highmore Road, Sherborne, Dorset DT9 4BT4
£568K10/230.94 mi19, St Catherines Crescent, Sherborne, Dorset DT9 6DD4
£460K06/230.99 mi39, St Catherines Crescent, Sherborne, Dorset DT9 6DE4

Local Rents

13 rents from £800/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,75003/240.05 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£1,50004/240.19 miBede Street, Sherborne, Dorset, DT93
£1,50005/240.19 miBede Street, Sherborne, Dorset, DT93
£1,50003/240.24 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£80011/230.28 mi-3
£1,95003/240.28 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£1,40005/240.31 miNewland, Sherborne3
£1,75010/230.38 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,20012/230.41 mi-3
£1,15010/230.46 miGranville Way, Sherborne, Dorset, DT9 4AS3
£95010/230.51 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£1,25003/240.57 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£1,85005/240.62 miSherborne3

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.59 miles away

Nearest school

0.40 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £595,000

February 25, 2025

Floor Plans

Description

  • 4 Bedrooms +
  • Character Home +
  • Feature Glazed Well +
  • Close To Town Centre +
  • Walled Garden +

A wonderful grade II listed, four bedroom town house located in a prominent town centre location. Beautifully renovated with private and generous gardens.

123 Newland is a charming and substantial Grade II listed terraced town house built in the 18th Century with later additions, built of stone/brick elevations under a tiled roof. Superbly situated only moments from the main thoroughfare of Sherborne town, the property has been tastefully updated yet retains many of its character features including its bay seated windows, exposed fireplaces and beams, feature well, all with generous room proportions and a good degree of natural light. The spacious accommodation is arranged over three floors, the ground floor comprising of reception hall, lounge with attractive fireplace and wood burner inset, dining room, tastefully fitted kitchen with Rayburn and garden outlook, breakfast room and utility room. On the first floor is a split level landing area, master bedroom with doors leading to the garden and en-suite bathroom, two further double bedrooms and family bathroom. On the second floor is an impressive 22'9 fourth bedroom/attic room. The recent renovations include quality wood flooring, window shutter and serviced gas central heating, ran from the Rayburn.

Services
All mains services connected. Council Tax Band D.

Newland lies at the north end of Cheap Street. Many of the town amenities lie with short walking distance including the Abbey, a main line train station, two supermarkets, two doctors surgeries and a comprehensive range of shops, public houses and restaurants. The local regional centre of Yeovil lies within short motoring distance providing with Sherborne an excellent range of cultural, recreational and shopping facilities. Sporting, walking and riding opportunities abound within the area with golf clubs at both Sherborne and Yeovil while the region is well known for both its public and privately funded schooling.

The rear gardens offer an excellent degree of privacy and have been tastefully landscaped by the current vendors. Access from the ground floor kitchen and the first floor master bedroom lead to the rear garden. An area of decking immediately abuts the master bedroom double doors, a perfect spot to unwind. The rear garden measures approximately 70 feet in length, partially enclosed by natural stone period wall and laid predominantly to lawn. An attractive pathway leads to the rear of the garden where there is a privately positioned paved patio seating area. Outside light. There is a natural stone and brick built garden store measuring 6'8 by 13'7.
The area of the garden immediately abutting the kitchen has been paved with easy external access from this area to attached utility room, providing plumbing for white goods and excellent storage.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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