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3 Cheap Street, Sherborne, Dorset
£1,295,000 Guide Price
Bedrooms
Bathrooms
A substantial and tastefully renovated four bedroom Grade II Listed residence positioned within a wonderful central Sherborne location with generous garden and detached double garage.
The Vines is the amalgamation of three former cottages and shops believed to date back to the 18th Century, retaining a host of period features and in recent years has been renovated to an extremely high standard.The property is a superb Town Centre home which enjoys easy walking distance of all amenities and pleasant views towards Sherborne Abbey. The plot is surprisingly generous for a Town Centre location, with an excellent secure south facing garden, parking and detached double garage.The detached double garage has planning permission in place to create a first floor extension to a self-contained annexe P/HOU/2024/04982.
Internal accommodation is most welcoming, with total floor area amounting to approximately 3224 sq ft.A welcoming and expansive entrance lobby with parquet flooring connects all key reception rooms and provides access to the pleasant gardens.Steps lead down to the focal dual aspect kitchen with bespoke joinery, granite worktops and an appealing central Island unit with breakfast bar area.Flowing from here is a most spacious sitting room, dual aspect with double doors leading out onto the sun terrace and a link through to a separate study/playroom.The living accommodation also includes a further reception room located on the far side of the hall, providing another flexible space for family enjoyment with centrepiece fireplace with wood burner inset.There is a most useful utility housing the boiler, cloakroom and rear lobby to gardens. The first floor is accessed via two independent stairways, from which four double bedrooms are accessed.The master suite is served by its own en suite facilities and the remaining bedrooms served by a further two beautifully fitted family bathrooms.
Services
All mains services connected. Gas central heating.
Council Tax Band G - Dorset Council.
Additional Information
Broadband: FTTPUltrafast broadband is availablehighest 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 (defined as the chance of flooding each year as less than 0.1%).
The Vines lies to the centre of the Abbey town of Sherborne within level walking distance of many of the towns amenities which include the Abbey, a main line train station, two doctors surgeries, two supermarkets and a comprehensive range of shops, public houses and restaurants. There are 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 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.
Vehicular and pedestrian access is located to the rear of the property via Long Street, with the generous rear gardens being completely enclosed.The gardens have been tastefully landscaped with a stone paved terrace abutting the reception rooms, perfect for alfresco entertaining.Steps lead to a manicured lawn with shrub and floral borders, together with pond for wildlife. A pergola, fruit and ornamental trees give height to the garden,A gravel path leads to the driveway parking for 5 cars and detached double garage fitted with power and light.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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