4 Bed Detached House, Refurb/BRRR, Sherborne, DT9 3DP, £825,000

East Mill Lane, Sherborne, DT9 3DP - 2 views - a month ago

Refurb/BRRR
~129 m²
+16 photos

ValuationOvervalued

Sold Prices£270K - £1.0M
Sold Prices/m²£2.2K/m² - £4.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.4K/m²

Value Estimate

£371,025

 

 

End Value (After Refurb)

£588,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£206,250

Stamp Duty & Legal Fees

£71,200

Refurb Costs

£52,406

Bridging Loan Interest

£21,656

Total Cash In

£353,263

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£588,000

Mortgage (After Refinance)

£441,000

Mortgage LTV

75%

Cash Left In

£353,263

Equity

£147,000

Rent Range

£1 - £1,950

Rent Estimate

£1,325

Running Costs/mo

£2,123

Cashflow/mo

£-797

Cashflow/yr

£-9,570

Gross Yield

2%

Local Sold Prices

27 sold prices from £270K to £1.0M, average is £520K. £2.2K/m² to £4.3K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£525K01/210.1 mi123, Newland, Sherborne, Dorset DT9 3DU4
£347K01/210.18 miBrewery Cottage, Long Street, Sherborne, Dorset DT9 3BY4
£588K03/210.2 miRokeby, Tinneys Lane, Sherborne, Dorset DT9 3DY4
£692.5K02/230.2 miLanbar, Tinneys Lane, Sherborne, Dorset DT9 3DY4
£1.0M10/220.24 mi50, Newland, Sherborne, Dorset DT9 3JH4
£475K11/200.25 mi39, Dunstan Street, Sherborne, Dorset DT9 3SE4
£480K10/210.28 mi21, Dunstan Street, Sherborne, Dorset DT9 3SE4
£550K02/230.28 mi39, Dunstan Street, Sherborne, Dorset DT9 3SE4
£480K12/220.39 mi3, Langdons, Sherborne, Dorset DT9 3RR4
£650K01/210.5 miAird House, Bristol Road, Sherborne, Dorset DT9 4HP4
£460K03/210.55 mi42, Acreman Street, Sherborne, Dorset DT9 3NX4
£640K02/210.58 miThe Abbey House, 2, The Old School Place, Sherborne, Dorset DT9 3HS4
£540K12/200.58 mi89, Acreman Street, Sherborne, Dorset DT9 3PH4
£875K02/230.6 miPendower House, Priestlands, Sherborne, Dorset DT9 4HW4
£335K11/200.62 miCulmer Cottage, Bristol Road, Sherborne, Dorset DT9 4HS4
£270K06/210.65 mi41, Mccreery Road, Sherborne, Dorset DT9 4DT4
£340K12/220.66 mi72, Wingfield Road, Sherborne, Dorset DT9 3HH4
£497.5K07/230.72 mi9, Quarr Drive, Sherborne, Dorset DT9 4HZ4
£687.5K12/210.77 miFairmead, Marston Road, Sherborne, Dorset DT9 4BJ4
£520K04/210.77 miGreen Apple Cottage, Horsecastles Lane, Sherborne, Dorset DT9 6BH4
£365K09/230.77 miPendene, Bradford Road, Sherborne, Dorset DT9 3QL4
£563K03/210.79 miMarston House, Marston Road, Sherborne, Dorset DT9 4BL4
£625K12/210.84 mi6, Springfield Crescent, Sherborne, Dorset DT9 6DN4
£330K10/230.91 mi36, Barton Gardens, Sherborne, Dorset DT9 4BE4
£568K10/230.91 mi19, St Catherines Crescent, Sherborne, Dorset DT9 6DD4
£385K02/210.96 miNew Cross, Highmore Road, Sherborne, Dorset DT9 4BT4
£460K06/230.97 mi39, St Catherines Crescent, Sherborne, Dorset DT9 6DE4

Local Rents

14 rents from £1/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,75003/240.07 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£1,95003/240.25 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£1,50004/240.28 miBede Street, Sherborne, Dorset, DT93
£1,50005/240.28 miBede Street, Sherborne, Dorset, DT93
£1,50003/240.31 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£1,40005/240.35 miNewland, Sherborne3
£80011/230.36 mi-3
£1,75010/230.42 miPortman Place, Sherborne, Dorset, DT9 4FL4
£1,20012/230.5 mi-3
£1,15010/230.54 miGranville Way, Sherborne, Dorset, DT9 4AS3
£1,25003/240.56 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£1,85005/240.57 miSherborne3
£95010/230.6 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£105/240.6 miHorsecastles, Sherborne, Dorset, DT95

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.61 miles away

Nearest school

0.40 miles away

Nearest train station

0.36 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 25, 2025

Floor Plans

Description

  • 4 Bedrooms +
  • Within Walking Distance Of Town Centre +
  • No Onward Chain +
  • Walled Garden +
  • Garage and Workshop +

A charming four bedroom detached residence, centrally located within the town yet away from passing traffic. Offering off road parking, garage, workshop and attractive walled gardens.  No onward Chain.

Purley Cottage is well located in a quiet location, yet within easy level walking distance of the town centre.  The property is predominantly stone built with a later rear extension, under a slate roof and is set back from the road behind with a formal landscaped garden.  Although there is a degree of modernisation required to the property, from viewing it will be clear to see what a special home this is. 
Approached via a covered porchway an original timber door opens into a large and welcoming hallway off which lies a comfortable sitting room with focal fireplace. With a nearby downstairs bathroom, this sitting room could equally be converted into a bedroom if preferred. An inner hallway to the rear provides access to the fabulously light dining/garden room converted in 2022, which enjoys lovely views and doors onto the gardens. The drawing room is towards the front of the house and benefits from a dual aspect and gas fire. The kitchen, whilst in need of some modernisation, is excellent and provides plenty of space for a table and chairs. There is a gas fired Aga (green), space and connection for a fridge freezer and dishwasher along with a range of wall and base units. Beyond the kitchen is a conveniently positioned and spacious utility room with Belfast sink, space and connection for a washing machine and white goods with direct and very practical access to the garden.
Stairs rise to the first floor from the rear hall where there are three excellent double bedrooms with a southerly aspect and a single bedroom or study. The principal bedroom is light and bright with a very generous ensuite shower room with plenty of storage space. A family bathroom  serves the remaining bedrooms and is well proportioned, offering scope to be divided to create a second en suite if so desired.

SERVICES
We understand that mains electric and water are connected to the property. Gas 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, 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.

East Mill Lane lies to the centre of the historic Abbey town of Sherborne within level walking distance of many of the town’s amenities which include the Abbey, Sherborne House Arts Centre, a main line train station, three doctors surgeries, two supermarkets and a comprehensive range of shops, public houses and restaurants.  Sporting, walking and riding opportunities abound within the area with golf clubs at both Sherborne and Yeovil while the region is well known for both its public and privately funded schooling.  Communication links are good with the main line station linking directly to London Waterloo while road links are along the A303 joined

To the front of the property is an attractive landscaped garden, with off road parking at the front of the house and access to the garage. The gardens lie mainly to the rear of the property and provide a fantastic terrace that is the ideal area for outside dining. Beyond is an area of lawn bounded by a variety of well stocked flower borders and established shrubs with paths that lead to a small stone built shed and also give access around the side of the property to the front. There is a variety of ornamental trees including a cherry and a Juniper tree, whilst a scented Daphne bush, old climbing roses and a Wisteria along the back wall all play their part in creating a wonderfully peaceful and attractive space. Conveniently, access can also be gained from here to a large workshop/store and through to the garage and road beyond.

Agent Details

Greenslade Taylor Hunt, Sherborne

01935 313535

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.