3 Bed Detached House, Planning Permission, Sherborne, DT9 4EQ, £200,000

Bristol Road, Sherborne, DT9 4EQ - 1 views - a month ago

Planning
ROI: 3%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£174.5K - £575K
Sold Prices/m²£2.2K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£244,000
BMV22%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£800 - £1,595

Rent Estimate

£1,000

Running Costs/mo

£845

Cashflow/mo

£155

Cashflow/yr

£1,860

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £174.5K to £575K, average is £305.5K. £2.2K/m² to £5.5K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£310K08/230.1 mi36, Mccreery Road, Sherborne, Dorset DT9 4DZ3
£280K05/230.11 mi35, Mccreery Road, Sherborne, Dorset DT9 4DT3
£220K12/200.11 mi49, Mccreery Road, Sherborne, Dorset DT9 4DT3
£320K06/230.15 mi21, Mccreery Road, Sherborne, Dorset DT9 4DS3
£230K06/210.15 mi19, Mccreery Road, Sherborne, Dorset DT9 4DS3
£275K12/220.16 mi58, St Aldhelms Road, Sherborne, Dorset DT9 4EB3
£174.5K02/210.19 mi30, Simons Road, Sherborne, Dorset DT9 4DN3
£290K06/230.19 mi10, The Furlongs, Sherborne, Dorset DT9 4DQ3
£251K11/200.19 mi2, The Furlongs, Sherborne, Dorset DT9 4DQ3
£283.8K07/230.19 mi3, The Furlongs, Sherborne, Dorset DT9 4DQ3
£360K11/200.2 miHoneysuckle Cottage, Bristol Road, Sherborne, Dorset DT9 4HS3
£310K01/230.2 miCooma, Bristol Road, Sherborne, Dorset DT9 4HS3
£320K11/220.22 mi25, St Pauls Close, Sherborne, Dorset DT9 4DU3
£300K09/230.23 mi26, St Pauls Close, Sherborne, Dorset DT9 4DU3
£373.5K12/200.27 mi53, Kings Road, Sherborne, Dorset DT9 4HX3
£267.5K04/210.28 mi18, Granville Way, Sherborne, Dorset DT9 4AS3
£250K02/210.28 mi23, Granville Way, Sherborne, Dorset DT9 4AS3
£315K10/220.29 mi90, Granville Way, Sherborne, Dorset DT9 4AT3
£250K01/210.29 mi96, Granville Way, Sherborne, Dorset DT9 4AT3
£350K06/210.29 mi67, Granville Way, Sherborne, Dorset DT9 4AT3
£260K10/200.29 mi49, Granville Way, Sherborne, Dorset DT9 4AT3
£290K09/230.29 mi138, Granville Way, Sherborne, Dorset DT9 4AT3
£320K02/230.3 mi114, Granville Way, Sherborne, Dorset DT9 4AT3
£207K04/210.3 mi19, Harbour Road, Sherborne, Dorset DT9 4AL3
£309K06/230.31 miUplands, Wootton Grove, Sherborne, Dorset DT9 4DL3
£302K12/220.32 mi98, Granville Way, Sherborne, Dorset DT9 4AT3
£265K01/230.33 mi66, Harbour Road, Sherborne, Dorset DT9 4AN3
£480K06/210.39 mi4, Portman Square, Sherborne, Dorset DT9 4FJ3
£370K06/210.41 mi2, Coombe Villas, Sherborne, Dorset DT9 4DB3
£400K01/210.42 miThundridge, Marston Road, Sherborne, Dorset DT9 4BL3
£243K09/230.47 mi1, Albert Row, Sherborne, Dorset DT9 3JR3
£415K11/200.5 mi13, Hill House Close, Sherborne, Dorset DT9 3AN3
£480K11/220.5 mi7, Hill House Close, Sherborne, Dorset DT9 3AN3
£390K03/210.53 mi3, Bede Street, Sherborne, Dorset DT9 3SD3
£270K06/210.56 mi28, Castle Road, Sherborne, Dorset DT9 3RP3
£525K09/230.57 mi70, The Sheeplands, Sherborne, Dorset DT9 4BS3
£426K10/200.59 mi15, Dunstan Street, Sherborne, Dorset DT9 3SE3
£425K12/200.59 mi36, Dunstan Street, Sherborne, Dorset DT9 3SE3
£435.4K11/200.59 mi10, Dunstan Street, Sherborne, Dorset DT9 3SE3
£267.5K10/210.59 mi105, Acreman Street, Sherborne, Dorset DT9 3PH3
£267.5K10/210.59 mi105, Acreman Street, Sherborne, Dorset DT9 3PH3
£310K11/220.6 mi15, The Wilderness, Sherborne, Dorset DT9 3AE3
£345K10/210.6 mi24, The Wilderness, Sherborne, Dorset DT9 3AE3
£270K01/210.6 mi2, The Wilderness, Sherborne, Dorset DT9 3AE3
£390K10/200.62 miWoodview, Yeovil Road, Sherborne, Dorset DT9 4BD3
£575K03/210.63 miSchool Gate House, Tinneys Lane, Sherborne, Dorset DT9 3DY3
£272.9K09/210.63 mi31, Acreman Court, Sherborne, Dorset DT9 3PW3
£265K03/210.63 mi19, Acreman Court, Sherborne, Dorset DT9 3PW3
£293K10/230.63 mi12, Acreman Court, Sherborne, Dorset DT9 3PW3
£518K09/230.63 mi1, Castleton Court, Sherborne, Dorset DT9 3FD3

Local Rents

11 rents from £800/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15010/230.28 miGranville Way, Sherborne, Dorset, DT9 4AS3
£95010/230.29 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£1,20012/230.35 mi-3
£80011/230.39 mi-3
£1,59508/230.42 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£1,40005/240.43 miNewland, Sherborne3
£1,50003/240.43 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£1,25004/240.51 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£1,50004/240.52 miBede Street, Sherborne, Dorset, DT93
£1,50005/240.52 miBede Street, Sherborne, Dorset, DT93
£1,25003/240.61 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £200,000

March 10, 2025

Floor Plans

Description

  • FABULOUS INVESTMENT OPPORTUNITY! +
  • ONE NATURAL STONE NEW BUILD DETACHED HOUSE WITH GARAGE! +
  • ELEVATED POSITION WITH VIEWS ON FRINGE OF SHERBORNE TOWN. +
  • DRIVEWAY PARKING AND GARAGE. +
  • WALKING DISTANCE OF SHERBORNE CENTRE AND RAILWAY STATION TO LONDON. +
  • 1216 PLUS SQUARE FEET OF ACCOMMODATION FOR ONLY £200,000! +
  • NO FURTHER CHAIN. +

A fantastic and potentially lucrative investment opportunity to acquire ONE partly developed, natural stone, detached new home, requiring redevelopment and completion. Garage, garden, parking facilities and only a short walk to Sherborne Town Centre, The Gryphon School and the Mainline Railway Station to London Waterloo. This desirable residential site offers the opportunity for a prospective purchaser to redevelop and complete a partly constructed, detached, Sherborne stone dwelling. Once the property has been completed to a high specification, the finished unit will no doubt command a strong price in line with current demand for Sherborne town property. The plot is well located on the northern side of Sherborne being within walking distance of all town amenities and close proximity to the sought-after Gryphon High School and Sixth Form. The square footage of plot 1 as outlined within the planning permission is approximately 1216 sq. ft. This is not including the extra garage space (current build dimensions may vary). The orientation of the property has been cleverly designed so that the rear outlook and gardens benefit from elevated views. Garage facilities and parking form part of the well thought out development. The full planning reference application number is WD/D/16/000806. Details are also held within the legal pack which is available by application to the estate agent. PLEASE NOTE: The home is currently at first fix stage of build. NHBC have been involved in stage inspections and recommendations, however an independent building surveyor has identified defects within the build, including the footprint not being to the approved scale. The full survey is available upon request. The dwellings have been built with reference to the full planning permission and building control drawings. Planning reference WD/D/16/000806. THERE ARE TWO DETACHED HOUSES AVAILABLE TO PURCHASE IF REQUIRED.

This property is a short walk to the heart of the coveted, historic town of Sherborne with its superb boutique high street with cafes, restaurants, Waitrose store and independent shops plus the breath-taking Abbey, Almshouses and Sherborne's world-famous private schools. It is also a short walk to the mainline railway station making London Waterloo directly in just over two hours. Sherborne has also recently won the award for the best place to live in the South West by The Times 2024. It also boasts ‘The Sherborne’ – a top class, recently opened arts centre.

Agent Details

Rolfe East, Sherborne

01935 316132

Next Steps?

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