4 Bed Detached House, Refurb/BRRR, Sherborne, DT9 6PN, £825,000

2 Church Close, Chetnole, Sherborne, Dorset, DT9 6PN - 2 months ago

Refurb/BRRR
190 m²
+18 photos

ValuationOvervalued

Sold Prices£300K - £875K
Sold Prices/m²£3K/m² - £4.4K/m²

 

 

Square Metres

190 m²
Price/m²£4.3K/m²

Value Estimate

£542,500

 

 

End Value (After Refurb)

£707,475

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£206,250

Stamp Duty & Legal Fees

£71,200

Refurb Costs

£77,034

Bridging Loan Interest

£21,656

Total Cash In

£377,890

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£707,475

Mortgage (After Refinance)

£530,606

Mortgage LTV

75%

Cash Left In

£377,890

Equity

£176,869

Rent Range

£850 - £1,950

Rent Estimate

£1,253

Running Costs/mo

£2,481

Cashflow/mo

£-1,228

Cashflow/yr

£-14,742

Gross Yield

2%

Local Sold Prices

12 sold prices from £300K to £875K, average is £480K. £3K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£300K02/210.88 miRosemarie Cottage, 1, South Street, Leigh, Sherborne, Dorset DT9 6JF4
£405K11/231.34 mi10, Shearstones, Yetminster, Sherborne, Dorset DT9 6NW4
£875K11/221.41 miCheriton, Totnell, Leigh, Sherborne, Dorset DT9 6HT4
£625K01/211.66 miThe Old School, Church Street, Yetminster, Sherborne, Dorset DT9 6LG4
£715K03/211.66 miCross Farmhouse, Church Street, Yetminster, Sherborne, Dorset DT9 6LG4
£475K12/201.73 mi20, Sussex Farm Way, Yetminster, Sherborne, Dorset DT9 6SZ4
£370K07/231.74 mi33, St Osmund Close, Yetminster, Sherborne, Dorset DT9 6LU4
£825K11/221.77 miThe Old Post Office, High Street, Yetminster, Sherborne, Dorset DT9 6LF4
£460K12/201.78 miRowan Cottage, High Street, Yetminster, Sherborne, Dorset DT9 6LF4
£700K04/231.82 mi8, Chapel Meadow, Yetminster, Sherborne, Dorset DT9 6NT4
£485K12/221.87 mi10, Bucklers Mead, Yetminster, Sherborne, Dorset DT9 6LA4
£450K06/231.89 mi5, Cloverhay, Yetminster, Sherborne, Dorset DT9 6LB4

Local Rents

8 rents from £850/mo to £1.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£85003/240.92 mi1 Reads Cottages, South Street, Leigh, Sherborne DT9 6JG2
£90003/241.02 miCider Press, Church Farm, Leigh, Sherborne, DT9 6HL 2
£1,20003/241.24 miNorth End, Leigh, Sherborne, DT94
£1,10001/241.67 mi-2
£1,22012/231.76 mi-3
£1,40003/241.77 miSt. Osmund Close, Yetminster, Sherborne3
£1,95003/242.01 miThree Gates Farmhouse, Nr Leigh, Sherborne., DT9 6JQ4
£1,40003/242.06 miYetminster3

Local Area Statistics

Population in DT9

20,760

Town centre distance

5.86 miles away

Nearest school

2 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £825,000

March 11, 2025

Floor Plans

Description

  • 4 Bedrooms +
  • Desirable Village Location +
  • Detached Studio/Office +
  • Double Garage and Parking +

A substantial detached four bedroom family residence with double garage and detached studio/office, benefiting from a superb 0.4 acre plot positioned on a peaceful and private no through road.  Excellent finish with rear outlook over the village playing fields and church. 

Located in one of the most favoured villages close to Sherborne, 2 Church Close was built in 1974 of attractive Purbeck stone elevations under a pitched tile roof, with a contemporary ground floor extension built in more recent years.  The property is positioned in a most peaceful location with countryside walks at close hand and a wonderful rear outlook towards the village playing fields and Church.
During our vendors ownership the property has been greatly improved and updated with key rooms such as the kitchen/breakfast room, bathroom and en-suite all having renovations in recent years.  Given the substantial plot size there is still much scope for any prospective buyer to enhance or add value should they so wish. Internally accommodation is bright and spacious centred around a tiled porch and most welcoming entrance hall with access provided to the main living areas as well as a ground floor shower room and integral double garage.  To one side of the hall is a pleasant dual aspect sitting room with feature fireplace and inset woodburner.  Across the hallway is the dining room and link to a separate study.  These two rooms, together with the ground floor shower room could be adapted to provide ground floor bedroom accommodation or an annexe if so desired.  From the entrance hall and adjoining the kitchen is a dining hall which opens into the focal open plan kitchen / breakfast room with pleasant outlook over the gardens and interconnection garden room.  The kitchen is fitted with a tasteful array of base and wall units, alongside a central island unit with induction hob and extractor hood over.  Further integrated appliances include an AEG eye level double oven, dishwasher and space for an American fridge/freezer.  From the kitchen hall an opening leads to the utility room with a further range of units, plumbing for white goods and access to a generous double garage with adjoining workshop and machinery store.   
Upstairs the property offers four generous bedrooms,  all of which benefit from fitted wardrobe and all having lovely views over the surrounding area.  The principal bedroom benefits from an en-suite shower room tastefully fitted in recent years.  An equally fine family bathroom completes the first floor accommodation with the benefit of a panelled bath and shower over, pedestal sink unit and WC.

SERVICES & OUTGOINGS
Mains water, electric and drainage. Oil fired central heating.
Council Tax: Dorset Council—Band F.

ADDITIONAL INFORMATION
Broadband: Superfast broadband is available—highest available download speed 80Mbps, highest available upload speed 20 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider. 
Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding.

Church Close lies to the centre of the charming village of Chetnole which itself lies mid way between the county town of Dorchester to the south and the historic Abbey town of Sherborne and the local regional centre of Yeovil to the north. The walks to be had from the village itself are outstanding while the village has a public house and a church to its centre with a number of good local shops to be found in the neighbouring village of Yetminster that also has a health centre. Sporting walking and riding opportunities abound within the area and Sherborne, Yeovil and Dorchester between them provide an excellent range of cultural, recreational and shopping facilities, The region is well known for both its public and privately funded schooling while communication links are good with a train halt at Chetnole on the Weymouth to Bristol line, a main line station at Sherborne linking directly with London Waterloo and road links along the A303 joined at Wincanton giving swift access to London and the Home Counties along the M3, M25 route.

The total plot and landscaped gardens are a key feature of the property, amounting to 0.4 acre or thereabouts.  To the front of the property is a tarmac and block paved driveway giving access to the double garage, with remote operate door.  There is a generous frontage to the property, with lawn, mature borders and specimen trees.  The rear of the property is a delight, the village Church and playing field offering a wonderful backdrop.  The gardens are predominantly laid to lawn, interspersed with sections of floral and shrub boarders, alongside specimen and ornamental trees.   A meandering pathway leads down the garden, passing the ornamental.  On the furthest boundary is a generous terrace, with Loggia and detached office/summer house, an ideal and peaceful place to work, rest or play in the summer months.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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