3 Bed Terraced House, Refurb/BRRR, Sherborne, DT9 4RS, £350,000

6 Mitre Cottages, Sandford Orcas, DT9 4RS - 2 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
73 m²
+6 photos

ValuationOvervalued

Sold Prices£174.5K - £650K
Sold Prices/m²£2.2K/m² - £5.5K/m²

 

 

Square Metres

73 m²
Price/m²£4.8K/m²

Value Estimate

£250,353

 

 

End Value (After Refurb)

£313,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£29,597

Bridging Loan Interest

£9,188

Total Cash In

£151,735

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£313,750

Mortgage (After Refinance)

£235,313

Mortgage LTV

75%

Cash Left In

£151,735

Equity

£78,438

Rent Range

£650 - £3,700

Rent Estimate

£1,175

Running Costs/mo

£1,235

Cashflow/mo

£-60

Cashflow/yr

£-726

Gross Yield

4%

Local Sold Prices

50 sold prices from £174.5K to £650K, average is £305.5K. £2.2K/m² to £5.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£350K02/210.65 mi807, Staffords Green, Corton Denham, Sherborne, Dorset DT9 4LY3
£650K12/221.16 miOld Chapel, Middle Ridge Lane, Corton Denham, Sherborne, Somerset DT9 4LP3
£475K11/201.2 miBriars Cottage, Middle Ridge Lane, Corton Denham, Sherborne, Somerset DT9 4LP3
£541K05/211.2 miHalletts Cottage, Middle Ridge Lane, Corton Denham, Sherborne, Somerset DT9 4LP3
£455K09/211.4 mi2, Back Lane, Rimpton, Yeovil, Somerset BA22 8AH3
£220K12/201.5 mi3, Washingpool, Poyntington, Sherborne, Dorset DT9 4LD3
£275K12/221.98 mi58, St Aldhelms Road, Sherborne, Dorset DT9 4EB3
£310K08/232.05 mi36, Mccreery Road, Sherborne, Dorset DT9 4DZ3
£280K05/232.08 mi35, Mccreery Road, Sherborne, Dorset DT9 4DT3
£220K12/202.08 mi49, Mccreery Road, Sherborne, Dorset DT9 4DT3
£320K06/232.11 mi21, Mccreery Road, Sherborne, Dorset DT9 4DS3
£230K06/212.11 mi19, Mccreery Road, Sherborne, Dorset DT9 4DS3
£525K09/232.12 mi70, The Sheeplands, Sherborne, Dorset DT9 4BS3
£320K11/222.15 mi25, St Pauls Close, Sherborne, Dorset DT9 4DU3
£315K10/222.15 mi90, Granville Way, Sherborne, Dorset DT9 4AT3
£302K12/222.15 mi98, Granville Way, Sherborne, Dorset DT9 4AT3
£320K02/232.15 mi114, Granville Way, Sherborne, Dorset DT9 4AT3
£250K01/212.15 mi96, Granville Way, Sherborne, Dorset DT9 4AT3
£350K06/212.15 mi67, Granville Way, Sherborne, Dorset DT9 4AT3
£290K09/232.15 mi138, Granville Way, Sherborne, Dorset DT9 4AT3
£360K11/202.17 miHoneysuckle Cottage, Bristol Road, Sherborne, Dorset DT9 4HS3
£300K09/232.17 mi26, St Pauls Close, Sherborne, Dorset DT9 4DU3
£310K01/232.18 miCooma, Bristol Road, Sherborne, Dorset DT9 4HS3
£290K06/232.18 mi10, The Furlongs, Sherborne, Dorset DT9 4DQ3
£251K11/202.18 mi2, The Furlongs, Sherborne, Dorset DT9 4DQ3
£283.8K07/232.18 mi3, The Furlongs, Sherborne, Dorset DT9 4DQ3
£174.5K02/212.19 mi30, Simons Road, Sherborne, Dorset DT9 4DN3
£400K01/212.19 miThundridge, Marston Road, Sherborne, Dorset DT9 4BL3
£267.5K04/212.2 mi18, Granville Way, Sherborne, Dorset DT9 4AS3
£250K02/212.2 mi23, Granville Way, Sherborne, Dorset DT9 4AS3
£207K04/212.27 mi19, Harbour Road, Sherborne, Dorset DT9 4AL3
£373.5K12/202.27 mi53, Kings Road, Sherborne, Dorset DT9 4HX3
£265K01/232.28 mi66, Harbour Road, Sherborne, Dorset DT9 4AN3
£370K06/212.28 mi2, Coombe Villas, Sherborne, Dorset DT9 4DB3
£320K03/212.3 miChurch Cottage, Church Lane, Marston Magna, Yeovil, Somerset BA22 8DG3
£290K11/212.3 miOld Cider Cottage, Church Lane, Marston Magna, Yeovil, Somerset BA22 8DG3
£309K06/232.31 miUplands, Wootton Grove, Sherborne, Dorset DT9 4DL3
£495K04/232.32 miFox Cottage, Camel Street, Marston Magna, Yeovil, Somerset BA22 8DD3
£480K06/212.39 mi4, Portman Square, Sherborne, Dorset DT9 4FJ3
£345K11/202.41 mi296, Yeovil Road, Sherborne, Dorset DT9 4BH3
£270K06/212.44 mi28, Castle Road, Sherborne, Dorset DT9 3RP3
£480K11/222.45 mi7, Hill House Close, Sherborne, Dorset DT9 3AN3
£415K11/202.45 mi13, Hill House Close, Sherborne, Dorset DT9 3AN3
£243K09/232.47 mi1, Albert Row, Sherborne, Dorset DT9 3JR3
£390K03/212.47 mi3, Bede Street, Sherborne, Dorset DT9 3SD3
£267.5K10/212.5 mi105, Acreman Street, Sherborne, Dorset DT9 3PH3
£267.5K10/212.5 mi105, Acreman Street, Sherborne, Dorset DT9 3PH3
£220K12/202.51 mi5, West End, Marston Magna, Yeovil, Somerset BA22 8BW3
£272.9K09/212.53 mi31, Acreman Court, Sherborne, Dorset DT9 3PW3
£265K03/212.53 mi19, Acreman Court, Sherborne, Dorset DT9 3PW3

Local Rents

31 rents from £650/mo to £3.7K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,50003/240.02 miSandford Orcas, Sherborne3
£1,00003/240.3 miSandford Orcas, Sherborne, Dorset, DT92
£3,70004/240.85 miSandford Orcas, Sherborne, Dorset, DT95
£1,29002/241.31 mi-3
£95003/241.86 miWhitcombe Cottages, Corton Denham, Sherborne3
£70003/242.08 miQuarr Lane, Sherborne2
£95010/232.15 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£87503/242.16 miGranville Way, Sherborne2
£1,10005/242.17 miOborne, Sherborne2
£1,59508/232.19 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£1,15010/232.2 miGranville Way, Sherborne, Dorset, DT9 4AS3
£70005/242.2 miCedar Park, Granville Way, Sherborne1
£80005/242.2 mi-1
£80005/242.2 miCedar Park, Sherborne, DT91
£1,10005/242.22 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£1,25004/242.23 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£97503/242.25 mi3 Coombe Terrace, Sherborne, Dorset, DT9 4DA2
£1,20012/232.25 mi-3
£67502/242.31 mi-1
£95003/252.37 mi-2
£80011/232.38 mi-3
£1,75010/232.4 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,00003/242.42 miHomefield Court, Marston Magna3
£1,50003/242.42 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£95002/242.42 mi-2
£1,40005/242.43 miNewland, Sherborne3
£65005/242.43 miGreenhill, Sherborne, DT91
£90012/232.46 mi-1
£1,20003/242.47 mi-1
£1,50004/242.47 miBede Street, Sherborne, Dorset, DT93
£1,50005/242.47 miBede Street, Sherborne, Dorset, DT93

Local Area Statistics

Population in DT9

20,760

Town centre distance

2.36 miles away

Nearest school

2 miles away

Nearest train station

2.93 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £350,000

March 11, 2025

Floor Plans

Description

  • PRETTY PERIOD NATURAL STONE SEMI-DETACHED COTTAGE IN CONSERVATION AREA. +
  • IMPRESSIVE PLOT AND GARDENS EXTENDING TO JUST UNDER A QUARTER OF AN ACRE. +
  • HUGE SCOPE TO ADD DRIVEWAY, GARAGE AND EXTEND (subject to planning permission). +
  • EXQUISITE VIEWS - PEACEFUL HILLSIDE LOCATION. +
  • FLAGSTONE FLOORS, FIREPLACE, MULTI PANE WINDOWS AND CAST IRON LOG BURNER. +
  • MODERN ELECTRIC NIGHT STORAGE HEATING. +
  • THREE DOUBLE BEDROOMS. +
  • LARGE LOUNGE / DINING ROOM (20'9 Maximum x 14'4 maximum). +
  • VERY SHORT WALK TO VILLAGE PUB - COUNTRY LANE WALKS FROM THE FRONT DOOR! +
  • VACANT - NO FURTHER CHAIN. +

VACANT - NO FURTHER CHAIN. Standing in huge, exquisite gardens and plot extending to nearly a quarter of an acre (0.20 acres approximately) on a charming hillside with superb views, in a pretty conservation area in the heart of this picturesque Dorset village - 6 Mitre Cottages is one to be viewed! This very pretty, natural stone, period, semi-detached cottage is enviably free from the restrictions of Grade II listing and offers tremendous scope to add extensive driveway parking and garage on the roadside area of garden, subject to the necessary planning permission. The cottage requires renovation but boasts potential for significant extension at the side and rear, subject to the necessary planning permission. Character features include exposed floorboards, flagstone floor, attractive multi pane windows and fireplace with cast iron log burning stove. The cottage is heated by modern electric night storage heaters. The impressive gardens are situated at the side and rear of the property. The top of the garden enjoys extensive views across the village to woodland and countryside beyond. The existing accommodation enjoys good levels of natural light from a sunny southerly aspect at the front. It comprises entrance hall, open-plan sitting room / dining room and kitchen / breakfast room and ground floor shower room / WC. On the first floor there is a landing area and three double bedrooms. There are excellent village and country lane walks from the front door - ideal as you do not need to put the kids or the dogs in the car! The cottage is also a very short walk to the popular village pub. The property is a very short drive to the centre of the 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 drive to the mainline railway station making London Waterloo in just over two hours. VACANT.

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 and conference centre plus restaurant that is in the building of the original Sherborne House. NO FURTHER CHAIN.

Steps and pathway to front door with outside light. Glazed front door leads to

ENTRANCE HALL: 6’10 maximum x 4’ maximum. A useful greeting area. Panel doors lead off the entrance hall to further rooms.

SITTING ROOM / DINING ROOM: 14’4 maximum x 20’9 maximum. Multi pane window to the front boasting a sunny southerly aspect, fireplace recess with cast iron log burning stove, fireside recess shelving, two electric night storage heater, flagstone floor, engineered oak floor, shelved alcove, staircase rises to the first floor with understairs storage cupboard space, internal window to the kitchen. Cottage latch door leads from the sitting room/dining room through to the

KITCHEN / BREAKFAST ROOM: 12’2 maximum x 8’8 maximum. A range of oak panelled kitchen units, comprising granite effect laminated worksurface, stainless steel one and a half sink bowl and drainer unit, mixer tap over, tiled surrounds, a range of drawers and cupboards under, space and point for electric oven, space and plumbing for washing machine, integrated dishwasher, integrated fridge, a range of matching wall mounted kitchen units with under unit lighting, concealed wall mounted cooker hood extractor fan, electric night storage heater, window to the side, glazed door to the side. Door leads to airing cupboard housing Lagged hot water cylinder and immersion heater, slated shelving.

Door from the entrance hall leads to

GROUND FLOOR SHOWER ROOM / WC: 6’10 maximum x 6’8 maximum. A white suite comprising low level WC, pedestal wash basin, tiled splashback, double sized glazed shower cubicle with wall mounted electric shower over, window to the side, extractor, wall mounted electric heater.

Staircase rises from the dining room area to the first floor. First floor landing. Window to the side. Doors lead off the landing to the bedrooms.

BEDROOM ONE: 12’11 maximum x 10’10 maximum. A generous double bedroom with excellent ceiling heights, cast iron feature fireplace, shelved alcove, exposed beams, exposed floorboards, electric night storage heater, multi pane window to the side enjoying a sunny southerly aspect.

BEDROOM TWO: 10’3 maximum x 8’5 maximum. A second double bedroom, multi pane window to the rear, exposed floorboards, excellent ceiling heights, painted panelling, electric night storage heater.

BEDROOM THREE: 11’5 maximum x 6’11 maximum. Window to the side, electric night storage heater, exposed floorboards.

OUTSIDE:
At the front of the property steps and pathway leads to the front door, outside light. A substantial lawned front garden giving a good depth from the road enjoying a variety of well stocked flowerbeds and borders. Wrought iron side gates gives access to the main garden.

The main garden is situated on the side and rear of the property and is laid to lawn. It extends to just under a quarter an acre (0.20 acres approximately) and is on a pleasant hillside location. It is enclosed by mature hedges and trees and boasts sunny southerly and westerly aspects, fishpond, a variety of well stocked flowerbeds and borders, paved patio seating area, raised flowerbeds, timber garden shed, greenhouse, further storage shed, area to store wheelie bins and recycling containers, outside light.

There is free unrestricted parking on the lane in front of the property.

Agent Details

Rolfe East, Sherborne

01935 316132

Next Steps?

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