2 Bed Flat, Single Let, Sherborne, DT9 6AX, £115,000

65 Littlefield, Dorset DT9 6AX - 2 years ago

Leasehold
BTL
ROI: 6%
~63 m²
+3 photos

ValuationUndervalued

Sold Prices£105K - £330K
Sold Prices/m²£1.5K/m² - £5.4K/m²

 

 

Square Metres

~62.50 m²
Price/m²£1.8K/m²

Value Estimate

£126,761
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£1 - £2,750

Rent Estimate

£700

Running Costs/mo

£519

Cashflow/mo

£181

Cashflow/yr

£2,168

ROI

6%

Gross Yield

7%

Local Sold Prices

19 sold prices from £105K to £330K, average is £145K. £1.5K/m² to £5.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£144K09/230 mi36, Littlefield, Sherborne, Dorset DT9 6AX2
£106K03/210.02 mi36, Littlefield, Sherborne, Dorset DT9 6AX2
£115K02/210.02 mi22, Littlefield, Sherborne, Dorset DT9 6AX2
£115K11/220.02 mi22, Littlefield, Sherborne, Dorset DT9 6AX2
£127K03/210.09 mi30, Westbridge Park, Sherborne, Dorset DT9 6BA2
£150K12/200.09 mi28, Westbridge Park, Sherborne, Dorset DT9 6BA2
£138K09/210.27 miFlat 12, Lenthay Court, Lenthay Road, Sherborne, Dorset DT9 6BQ2
£105K05/230.27 miFlat 10, Lenthay Court, Lenthay Road, Sherborne, Dorset DT9 6BQ2
£330K07/230.59 miFlat 2, St. Antonys School House, Westbury, Sherborne, Dorset DT9 3QF2
£117K11/230.66 miFlat 26, Hillbrook Court, Acreman Street, Sherborne, Dorset DT9 3NZ2
£255K10/200.76 miFlat 5, Greenhill Court, Greenhill, Sherborne, Dorset DT9 4EP2
£285K04/220.83 miFlat 1, The Pageant, South Street, Sherborne, Dorset DT9 3LR2
£330K11/220.84 miFlat 8, The Pageant, South Street, Sherborne, Dorset DT9 3LR2
£295K02/220.92 miFlat 3, Brecon House, Long Street, Sherborne, Dorset DT9 3BY2
£250K12/221.06 miFlat 1, Saffron Court, The Avenue, Sherborne, Dorset DT9 3AH2
£150K06/221.07 miFlat 11, Kings Court, Quarr Lane, Sherborne, Dorset DT9 4HT2
£130K06/211.07 miFlat 6, Kings Court, Quarr Lane, Sherborne, Dorset DT9 4HT2
£145K01/231.19 mi74, Mccreery Road, Sherborne, Dorset DT9 4DZ2
£312.5K04/211.3 mi13, Chandlers, Sherborne, Dorset DT9 3RT2

Local Rents

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

RentDateDistanceAddressBeds 
£1,60004/240.14 miAbbots Way, Sherborne, Dorset4
£2,00005/240.18 miGainsborough Drive, Sherborne4
£2,17501/240.24 mi-4
£2,40003/240.33 miMildenhall Road, SHERBORNE4
£2,75003/240.33 miMildenhall Road, SHERBORNE4
£105/240.49 miHorsecastles, Sherborne, Dorset, DT95
£1,85005/240.52 miSherborne3
£95002/240.56 mi-2
£95003/250.61 mi-2
£1,25003/240.61 mi67 Acreman Street, Sherborne, Dorset, DT9 3PH3
£1,08501/240.63 mi-2
£65003/240.65 miFinger Lane, Sherborne1
£70004/240.68 miWestbury, Sherborne, Dorset, DT91
£1,25004/240.68 mi5 Dairy Close, Sherborne, Dorset, DT9 4FR3
£1,15001/240.7 mi-2
£90003/240.7 miDigby Road, SHERBORNE2
£1,19502/250.74 mi-2
£65005/240.75 miGreenhill, Sherborne, DT91
£1,59508/230.76 miThe Chantry, Marston Road, Sherborne, Dorset, DT9 4BL3
£97503/240.77 mi3 Coombe Terrace, Sherborne, Dorset, DT9 4DA2
£67503/240.83 miNewland, Sherborne, Dorset, DT91
£1,20003/240.84 mi-1
£1,95003/240.84 miWisteria House, Long Street, Sherborne, Dorset, DT9 3BS4
£1,75010/230.89 miPortman Place, Sherborne, Dorset, DT9 4FL4
£90012/230.9 mi-1
£1,40005/240.94 miNewland, Sherborne3
£67502/241.04 mi-1
£1,00003/241.05 miThe Avenue, Sherborne, DT91
£70003/241.07 miQuarr Lane, Sherborne2
£1,50003/241.07 miFlat 1 Pencarrow, The Avenue, Sherborne, Dorset, DT9 3AJ3
£1,75003/241.08 miThe Yews, Long Street, Sherborne, Dorset, DT9 3DD5
£80011/231.09 mi-3
£1,50004/241.19 miBede Street, Sherborne, Dorset, DT93
£1,50005/241.19 miBede Street, Sherborne, Dorset, DT93
£1,15010/231.25 miGranville Way, Sherborne, Dorset, DT9 4AS3
£1,20012/231.27 mi-3
£80005/241.3 mi-1
£80005/241.3 miCedar Park, Sherborne, DT91
£95010/231.31 mi94 Granville Way, Sherborne, Dorset, DT9 4AT3
£70005/241.32 miCedar Park, Granville Way, Sherborne1
£87503/241.32 miGranville Way, Sherborne2
£1,26504/241.88 miWyke, Sherborne, DT93
£1,26504/241.88 mi-3
£1,30012/231.93 mi-3
£1,30003/251.93 mi-3
£1,47003/241.93 mi-3
£1,50011/241.93 mi-3
£91004/241.95 mi-2
£91003/241.95 miThe Folly, Sherborne, DT92
£1,06003/241.99 mi-2
£1,06003/241.99 mi-2

Local Area Statistics

Population in DT9

20,760

Town centre distance

0.71 miles away

Nearest school

0.30 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £115,000

December 27, 2024

Listed for £125,000

October 3, 2023

Floor Plans

Description

  • Tenants In Situ +
  • Gross Yield 8% +
  • Annual Income £8400 +
  • Service Charges £1072pa +
  • Modern Kitchen +
  • Spacious Property +
  • Close to Shops & Schools +
  • Gas Central Heating +
  • Full Maintenance History +

ATTENTION INVESTORS!
New to the market is this light and spacious first floor apartment in a popular residential area of Sherborne.
With excellent long-term tenants in situ with an annual income of £8400 and gross yield of 6%, this is a hassle-free investment.
Within walking distance of local shops and a local park this apartment briefly comprises of an entrance hall, large kitchen, separate dining area, large lounge, a master bedroom and a further single bedroom plus a bathroom. 

ENTRANCE HALL Double glazed blue front door from communal landing, leading into the flat's entrance and main hallway.
Neutral decor and laminate flooring. 

SITTING ROOM 12' 5" x 11' 9" (3.8m x 3.6m) Spacious reception room with double glazed window to the rear.
Neutral decor and carpet.
Radiator. 

KITCHEN 12' 5" x 9' 2" (3.8m x 2.8m) Large kitchen with plenty of space for dining table but with archway also leading to small dining room / office.
Double glazed window to the rear.
Modern white kitchen units with black laminate work surface.
Integrated electric oven and gas hob, plus extractor fan.
Appliance spaces for washing machine and fridge freezer.
Grey slate floor tiling and white wall tiles.  

DINING ROOM / OFFICE 7' 6" x 6' 6" (2.3m x 2m) To the side of the kitchen is this useful room which could be used for dining or for an office space.
Neutral decor and laminate flooring.
Radiator and decorative fireplace. 

BEDROOM ONE 13' 9" x 8' 6" (4.2m x 2.6m) Good sized double bedroom with double glazed window to the front.
Neutral decor and carpet.
Radiator. 

BEDROOM TWO 10' 5" x 5' 6" (3.2m x 1.7m) Double bedroom with double glazed window to the front.
Built in large wardrobe / cupboard which houses the Glow Worm gas combi boiler.
Neutral decor and carpet.
Radiator. 

BATHROOM Modern bathroom with white suite of bath, pedestal basin and WC.
Double glazed window to the front.
Over bath shower.
White tiled walls with blue insets and blue tiled floor tiles.
Radiator.

Agent Details

Martin & Co, Yeovil

01935 313677

Next Steps?

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