4 Bed Detached House, Refurb/BRRR, Sherborne, DT9 6DR, £650,000

24 Gainsborough Drive, Sherborne, Dorset, DT9 6DR - 2 months ago

Refurb/BRRR
159 m²
+14 photos

ValuationOvervalued

Sold Prices£210K - £925K
Sold Prices/m²£2.8K/m² - £4.3K/m²

 

 

Square Metres

159.29 m²
Price/m²£4.1K/m²

Value Estimate

£501,713

 

 

End Value (After Refurb)

£601,401

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£64,583

Bridging Loan Interest

£17,063

Total Cash In

£299,595

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£601,401

Mortgage (After Refinance)

£451,051

Mortgage LTV

75%

Cash Left In

£299,595

Equity

£150,350

Rent Range

£1 - £2,750

Rent Estimate

£1,626

Running Costs/mo

£2,225

Cashflow/mo

£-599

Cashflow/yr

£-7,183

Gross Yield

3%

Local Sold Prices

24 sold prices from £210K to £925K, average is £470K. £2.8K/m² to £4.3K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£485K08/230.05 mi20, Midleaze, Sherborne, Dorset DT9 6DY4
£480K12/220.07 mi2, Midleaze, Sherborne, Dorset DT9 6DY4
£435K09/230.08 mi47, Abbots Way, Sherborne, Dorset DT9 6DU4
£450K08/230.08 mi1, Abbots Way, Sherborne, Dorset DT9 6DU4
£925K01/210.1 miThirlestane, Bradford Road, Sherborne, Dorset DT9 6BP4
£435K10/200.12 mi24, Abbots Way, Sherborne, Dorset DT9 6DT4
£330K04/210.15 mi10, Askwith Close, Sherborne, Dorset DT9 6DX4
£410K03/230.16 mi8, Askwith Close, Sherborne, Dorset DT9 6DX4
£460K06/230.27 mi39, St Catherines Crescent, Sherborne, Dorset DT9 6DE4
£568K10/230.33 mi19, St Catherines Crescent, Sherborne, Dorset DT9 6DD4
£210K02/230.36 mi43, South Avenue, Sherborne, Dorset DT9 6AR4
£625K12/210.44 mi6, Springfield Crescent, Sherborne, Dorset DT9 6DN4
£520K04/210.48 miGreen Apple Cottage, Horsecastles Lane, Sherborne, Dorset DT9 6BH4
£330K10/230.5 mi36, Barton Gardens, Sherborne, Dorset DT9 4BE4
£365K09/230.56 miPendene, Bradford Road, Sherborne, Dorset DT9 3QL4
£340K12/220.59 mi72, Wingfield Road, Sherborne, Dorset DT9 3HH4
£640K02/210.7 miThe Abbey House, 2, The Old School Place, Sherborne, Dorset DT9 3HS4
£540K12/200.71 mi89, Acreman Street, Sherborne, Dorset DT9 3PH4
£460K03/210.73 mi42, Acreman Street, Sherborne, Dorset DT9 3NX4
£687.5K12/210.75 miFairmead, Marston Road, Sherborne, Dorset DT9 4BJ4
£385K02/210.77 miNew Cross, Highmore Road, Sherborne, Dorset DT9 4BT4
£563K03/210.77 miMarston House, Marston Road, Sherborne, Dorset DT9 4BL4
£875K02/230.93 miPendower House, Priestlands, Sherborne, Dorset DT9 4HW4
£650K01/210.95 miAird House, Bristol Road, Sherborne, Dorset DT9 4HP4

Local Rents

16 rents from £1/mo to £2.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,00005/240.07 miGainsborough Drive, Sherborne4
£1,60004/240.08 miAbbots Way, Sherborne, Dorset4
£2,40003/240.21 miMildenhall Road, SHERBORNE4
£2,75003/240.21 miMildenhall Road, SHERBORNE4
£2,17501/240.23 mi-4
£105/240.67 miHorsecastles, Sherborne, Dorset, DT95
£1,25004/240.68 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£1,85005/240.7 miSherborne3
£1,25003/240.72 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£1,59508/230.77 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£1,75010/230.99 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,95003/240.99 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£1,40005/241.05 miNewland, Sherborne3
£1,50003/241.19 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£80011/231.19 mi-3
£1,75003/241.23 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.78 miles away

Nearest school

0.40 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £650,000

March 12, 2025

Floor Plans

Description

  • 4 Bedrooms +
  • No Onward Chain +
  • Double Garage and Parking +
  • Prestigious Residential Roads +
  • Private and Enclosed Gardens +

A wonderful opportunity to enhance and update this detached four bedroom house, tucked away from passing traffic and located in one of Sherborne’s most prestigious residential roads. Detached double garage and secure private gardens.  No Onward Chain.

This fine residence on Gainsborough Drive is believed to have been built by Wilson Homes in the 1980's with excellent proportions and has brick elevations under a tiled roof.  The location is key, positioned in one of Sherborne’s most favourable roads, a peaceful no through road on the Western side of the town.  The property has some spacious attractive accommodation centred around a large hallway on the ground floor and a light and airy landing on the first.  The accommodation is conventionally arranged with a sitting room running the length of the footprint of the house with a bay window to one end and double sliding doors opening onto the private gardens.  To the centre of the house there is a formal dining room while to the left hand side and to the rear there is both a fitted kitchen and a utility room with a study lying to the front of the house.  Upstairs there are four good bedrooms the principal of which has a walk in dressing room and an en-suite shower room with the three remaining bedrooms having use of a family bathroom.  The property has gas fired central heating, is double glazed and has a large detached double garage to the front of the property.  The property have been well cared for by the current owner but is now ready for modernisation and general refurbishment. 

SERVICES & OUTGOINGS
We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating. Council Tax: Dorset Council—Band  G.

ADDITIONAL INFORMATION
Broadband: FTTP—Ultrafast broadband is available—highest available download speed 1000 Mbps, highest available upload speed 1000 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.

Gainsborough Drive lies on the west side of the historic Abbey town of Sherborne. The town has a beautiful period conservation area to its centre with facilities that include the Abbey, a main line train station, two doctors surgeries, a library and a comprehensive range of shops, public houses and restaurants. Yeovil lies within short motoring distance providing, with Sherborne, an excellent range of cultural, recreational and shopping facilities. The region is well known for both its public and privately funded schooling. Sporting, walking and riding opportunities abound within the area with golf clubs at both Sherborne and Yeovil. Communication links are good with a main line station at Sherborne linking with London Waterloo while road links are along the A303 joined at Wincanton giving swift access to London and the Home Counties along the M3, M25 route.

Tucked away towards the head of the development, the property is positioned away from any passing traffic and has a secure and private plot.  A superb brick paved drive leading to a detached double garage with remote operated up and over doors. The front garden has landscaped areas, with access to the front door and side of the house.  The rear gardens are predominantly laid to level lawn with sun terrace abutting the property. The lawn is broken up by well-kept borders and hedging, with greenhouse.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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

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