2 Bed Terraced House, Cash/Bridging Only, Sherborne, DT9 4FQ, £220,000

23 Kearvell Place, Sherborne, DT9 4FQ - 2 views - a month ago

Cash
ROI: 4%
58 m²
+2 photos

ValuationOvervalued

Sold Prices£162.5K - £375K
Sold Prices/m²£2.4K/m² - £6K/m²

 

 

Square Metres

58 m²
Price/m²£3.8K/m²

Value Estimate

£212,090

 

 

End Value (After Refurb)

£194,292

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£23,516

Bridging Loan Interest

£5,775

Total Cash In

£98,241

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,292

Mortgage (After Refinance)

£145,719

Mortgage LTV

75%

Cash Left In

£98,241

Equity

£48,573

Rent Range

£1 - £2,750

Rent Estimate

£1,188

Running Costs/mo

£865

Cashflow/mo

£323

Cashflow/yr

£3,879

ROI

4%

Gross Yield

6%

Local Sold Prices

51 sold prices from £162.5K to £375K, average is £249.9K. £2.4K/m² to £6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£215K01/230.1 mi21, Carpenters, Sherborne, Dorset DT9 4FD2
£262K02/210.3 miThe Matchbox, Greenhill, Sherborne, Dorset DT9 4EP2
£262K02/210.3 miThe Matchbox, Greenhill, Sherborne, Dorset DT9 4EP2
£187.5K10/230.3 miHill Cottage, Greenhill, Sherborne, Dorset DT9 4EP2
£310K09/210.37 miThe Shires, Bristol Road, Sherborne, Dorset DT9 4HR2
£265K03/230.38 mi57, Acreman Street, Sherborne, Dorset DT9 3PG2
£360K05/230.38 mi49, Acreman Street, Sherborne, Dorset DT9 3PG2
£331K09/210.38 mi49, Acreman Street, Sherborne, Dorset DT9 3PG2
£285K02/230.42 miHaven Cottage, 2, Bristol Road, Sherborne, Dorset DT9 4HS2
£183K04/210.49 mi55, Coldharbour, Sherborne, Dorset DT9 4HB2
£245K12/220.5 mi15, Simons Road, Sherborne, Dorset DT9 4DW2
£162.5K01/210.51 mi26, Simons Road, Sherborne, Dorset DT9 4DN2
£282K11/220.52 mi14, Acreman Place, Sherborne, Dorset DT9 3PB2
£261K02/210.52 mi9, St Marys Road, Sherborne, Dorset DT9 6DG2
£308K06/210.53 mi23, Hound Street, Sherborne, Dorset DT9 3AB2
£273K12/200.54 mi64, St Marys Road, Sherborne, Dorset DT9 6DQ2
£350K08/230.54 mi37, St Marys Road, Sherborne, Dorset DT9 6DQ2
£265K07/230.54 mi4, Wootton Grove, Sherborne, Dorset DT9 4DL2
£225K11/200.54 mi11, Fairmont Terrace, Sherborne, Dorset DT9 3JS2
£182K01/230.55 mi4, Coldharbour, Sherborne, Dorset DT9 4AH2
£305K06/210.59 miLittle Thornbank, Long Street, Sherborne, Dorset DT9 3BS2
£250K04/210.6 mi5, The Wilderness, Sherborne, Dorset DT9 3AE2
£218K11/220.61 mi21, Littlefield, Sherborne, Dorset DT9 6AU2
£211K09/210.61 mi35, Littlefield, Sherborne, Dorset DT9 6AU2
£215K04/230.64 mi7, South Court, Sherborne, Dorset DT9 6AT2
£310K06/210.66 mi5, South Street, Sherborne, Dorset DT9 3LT2
£190K07/210.67 mi16, St Aldhelms Road, Sherborne, Dorset DT9 4EB2
£208K09/210.67 mi60, St Aldhelms Road, Sherborne, Dorset DT9 4EB2
£230K04/210.68 mi4, Cricket View, Sherborne, Dorset DT9 3RE2
£245K11/220.68 mi28, Granville Way, Sherborne, Dorset DT9 4AS2
£350K05/230.71 miLavender Cottage, Long Street, Sherborne, Dorset DT9 3DJ2
£199K12/200.73 mi86, Granville Way, Sherborne, Dorset DT9 4AT2
£222K03/230.73 mi139, Granville Way, Sherborne, Dorset DT9 4AT2
£220K03/230.73 mi85, Granville Way, Sherborne, Dorset DT9 4AT2
£228K03/230.74 mi120, Newland, Sherborne, Dorset DT9 3DT2
£249.9K12/220.74 mi10, Wydford Close, Sherborne, Dorset DT9 6DZ2
£270K02/210.74 mi9, Hill House Close, Sherborne, Dorset DT9 3AN2
£360K07/230.74 mi9, Hill House Close, Sherborne, Dorset DT9 3AN2
£205K06/210.75 mi23, Westbridge Park, Sherborne, Dorset DT9 6BA2
£183K10/200.75 mi106, Newland, Sherborne, Dorset DT9 3DT2
£200K08/210.77 mi35, Clanfield, Sherborne, Dorset DT9 6AZ2
£225K06/210.82 mi67, Clanfield, Sherborne, Dorset DT9 6BE2
£258K01/230.82 mi66, Clanfield, Sherborne, Dorset DT9 6BE2
£245K03/210.83 mi16, Chandlers, Sherborne, Dorset DT9 3RT2
£305K06/210.83 mi27, Chandlers, Sherborne, Dorset DT9 3RT2
£362K12/220.84 mi118, Lenthay Road, Sherborne, Dorset DT9 6AG2
£175K04/210.84 mi90, Lenthay Road, Sherborne, Dorset DT9 6AG2
£240K07/230.84 mi90, Lenthay Road, Sherborne, Dorset DT9 6AG2
£370K03/230.87 mi24, Castle Road, Sherborne, Dorset DT9 3RP2
£365K08/230.87 mi1, Earls Close, Sherborne, Dorset DT9 3RS2
£375K11/230.93 mi19, Castle Road, Sherborne, Dorset DT9 3RW2

Local Rents

51 rents from £1/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25004/240.05 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£1,59508/230.1 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£95003/250.1 mi-2
£97503/240.14 mi3 Coombe Terrace, Sherborne, Dorset, DT9 4DA2
£95002/240.15 mi-2
£1,25003/240.3 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£65005/240.31 miGreenhill, Sherborne, DT91
£1,75010/230.41 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,20003/240.43 mi-1
£70003/240.43 miQuarr Lane, Sherborne2
£67503/240.43 miNewland, Sherborne, Dorset, DT91
£2,17501/240.46 mi-4
£90012/230.47 mi-1
£1,40005/240.48 miNewland, Sherborne3
£65003/240.49 miFinger Lane, Sherborne1
£2,40003/240.49 miMildenhall Road, SHERBORNE4
£2,75003/240.49 miMildenhall Road, SHERBORNE4
£67502/240.51 mi-1
£105/240.54 miHorsecastles, Sherborne, Dorset, DT95
£1,85005/240.55 miSherborne3
£1,95003/240.59 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£70004/240.59 miWestbury, Sherborne, Dorset, DT91
£80011/230.6 mi-3
£90003/240.6 miDigby Road, SHERBORNE2
£1,50003/240.61 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£1,19502/250.61 mi-2
£1,15001/240.62 mi-2
£2,00005/240.63 miGainsborough Drive, Sherborne4
£1,00003/240.63 miThe Avenue, Sherborne, DT91
£1,08501/240.64 mi-2
£1,60004/240.67 miAbbots Way, Sherborne, Dorset4
£1,15010/230.68 miGranville Way, Sherborne, Dorset, DT9 4AS3
£1,20012/230.72 mi-3
£80005/240.73 mi-1
£80005/240.73 miCedar Park, Sherborne, DT91
£95010/230.73 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£87503/240.74 miGranville Way, Sherborne2
£1,50004/240.74 miBede Street, Sherborne, Dorset, DT93
£1,50005/240.74 miBede Street, Sherborne, Dorset, DT93
£70005/240.75 miCedar Park, Granville Way, Sherborne1
£1,75003/240.76 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£1,10005/241.68 miOborne, Sherborne2
£1,10005/241.74 miHillside Cottage, Oborne, Sherborne, Dorset, DT92
£91004/242.01 mi-2
£91003/242.01 miThe Folly, Sherborne, DT92
£1,06003/242.04 mi-2
£1,06003/242.04 mi-2
£1,02001/252.04 mi-3
£98001/252.04 mi-2
£99003/242.08 mi-2
£1,05003/252.08 mi-2

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.19 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £220,000

March 15, 2025

Floor Plans

Description

  • MODERN MID TERRACE HOUSE. +
  • OFF ROAD PARKING FOR ONE CAR AT THE FRONT. +
  • LEVEL ENCLOSED REAR GARDEN. +
  • SCOPE TO ADD GARDEN ROOM / CONSERVATORY (subject to necessary planning consent). +
  • MAINS GAS FIRED RADIATOR CENTRAL HEATING AND DOUBLE GLAZING. +
  • EXCELLENT STARTER HOME OR BUY-TO-LET INVESTMENT. +
  • SHORT WALK TO TOWN CENTRE AND NEARBY COUNTRYSIDE. +
  • SHORT WALK TO MAINLINE RAILWAY STATION TO LONDON WATERLOO. +
  • NO FURTHER CHAIN. +
  • GREAT EPC RATING - BAND B! +

NO FURTHER CHAIN. '23 Kearvell Place' is a modern, mid-terraced house situated in a very popular residential address on the western fringe of Sherborne, a short walk to the town centre and mainline railway station to London Waterloo. The property boasts a level, enclosed rear garden. It benefits from allocated parking for one car in a layby at the front. The property is enhanced by a mains gas-fired radiator central heating system and double glazing. The well-arranged, extended accommodation boasts excellent levels of natural light and comprises entrance reception hall, sitting room, kitchen / dining room and a ground floor WC / cloakroom. On the first floor, there is a landing area, two generous double bedrooms and a family bathroom. There are superb countryside dog walks from nearby the front door. It is also a short walk to the picturesque, historic town of Sherborne with it’s superb boutique high street with coffee shops, 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 to making London Waterloo directly in just over two hours. Sherborne has 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 superb restaurant. This lovely property is perfect for those aspiring families or couples looking to settle in their ultimate Sherborne home, cash buyers from the South East and London possible linked with the excellent local private schools and indulging in the ‘race for space’, the pied-a-terre market, rental market and much more. NO FURTHER CHAIN.

Paved pathway. Double glazed front door leads to

ENTRANCE HALL: Staircase rises from the entrance hall to the first floor, radiator, telephone point. Panel door leads to

CLOAKROOM / WC: 4’10 maximum x 3’2 maximum. Low level WC, wall mounted wash basin, radiator, timber effect flooring, double glazed window to the front.

Panel door from the entrance hall leads to the

SITTING ROOM: 15’1 maximum x 9’3 maximum. A well-presented main reception room, double glazed window to the front boasting a sunny south westerly aspect, radiator, TV point. Panel door leads to understairs storage cupboard space. Further panel door leads to

KITCHEN / DINING ROOM: 12’6 maximum x 8’10 maximum. A range of modern fitted kitchen units, laminated worksurface and surrounds, inset stainless steel one and half sink bowl and drainer unit with mixer tap over, inset mains gas hob with electric oven under, a range of drawers and cupboards under, wine rack, space and plumbing for washing machine, space for fridge freezer, a range of matching wall mounted cupboards, wall mounted concealed cooker hood extractor fan, cupboard housing mains gas fired combination boiler, timber effect flooring, radiator, double glazed window overlooks the rear garden, uPVC double glazed double doors open on to the rear garden.

Staircase rises from the entrance hall to the first-floor landing, ceiling hatch to loft. Panel doors lead off the first-floor landing to the first-floor rooms.

BEDROOM ONE: 12’8 maximum x 8’2 maximum. A double bedroom room, double glazed window to the rear overlooks the rear garden, radiator.

BEDROOM TWO: 12’8 maximum x 8’6 maximum. A second double bedroom, two double glazed windows to the front enjoying a sunny south westerly aspect, radiator, door leads to fitted wardrobe cupboard space.

FAMILY BATHROOM: 6’4 maximum x 5’10 maximum. A modern white suite comprising low level WC, pedestal wash basin, tiled splashback, panel bath, tiled surrounds, shower rail over, mains shower tap arrangement over, radiator, extractor fan.

OUTSIDE:
At the front of the property a paved pathway leads to the front door. There is an area of front garden laid to woodchip, perfect for storing recycling containers and wheelie bins.

The MAIN REAR GARDEN measures 38’7 in depth maximum x 13’6 in width maximum. This level rear garden is laid mainly to lawn and enclosed by timber panel fencing. There is a paved patio area, timber garden shed, garden gate at the rear.

This property comes with one allocated parking space at the front in a layby.

Agent Details

Rolfe East, Sherborne

01935 316132

Next Steps?

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