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3 Cheap Street, Sherborne, Dorset
£795,000 Guide Price
Bedrooms
Bathrooms
A charming period farmhouse with a range of outbuildings, set within approximately 1.75 acres of private grounds and enjoying far-reaching views towards Duncliffe Woods. A rare renovation opportunity with superb potential to update, extend, and create a wonderful rural home.
Lilleys Farm has been cherished by the same family for generationstestament to its idyllic setting and timeless appeal. Now offered to the open market, this delightful stone-built farmhouse presents a superb opportunity for sympathetic renovation and extension (subject to the necessary consents). Importantly, the property is not listed, allowing greater flexibility for future improvements.
The main house features natural stone elevations under a tiled roof and offers well-proportioned, characterful accommodation. The ground floor includes a dual-aspect sitting room with a handsome Minster stone open fireplace, a family room or fourth bedroom, a breakfast room, utility room, and a cloakroom/WC. Upstairs, there are three generous double bedrooms, a family bathroom, and stairs leading to a useful attic room on the second floor.
A lapsed planning consent once granted for extension highlights the scope to further enhance the property.
Lilleys Farm is peacefully located in the rural hamlet of Moorside, just east of the vibrant village of Marnhull and southwest of the historic market town of Shaftesbury. Nestled in the heart of the beautiful Blackmore Vale, the setting is both tranquil and picturesque, with panoramic countryside views and access to wonderful walking routes.
Marnhullone of Englands largest villagesoffers a strong sense of community and is famously featured in Thomas Hardys Tess of the DUrbervilles. The village provides an excellent range of amenities, including two pubs, two primary schools, three churches, a GP surgery, pharmacy, grocery stores (one with a post office), a hairdresser, and a beauty salon. A wealth of clubs and societies further enrich village life.
Sturminster Newton (3.5 miles), Shaftesbury and Gillingham (both 6 miles), and Sherborne (11 miles) offer broader shopping, dining, and cultural facilities.
Transport links are excellent: the A303 to the north provides access to the M3 and London, while mainline railway stations in Gillingham and Sherborne offer direct services to London Waterloo in around two hours.
The area is well-served by both state and independent schools, including Marnhulls two primaries and secondary options in nearby towns. Renowned independent schools such as Port Regis, Hazlegrove, Bryanston, and the Sherborne schools are all within reach.
The property is approached via a private entrance with a sweeping driveway, offering a welcoming and secluded arrival. Former kennels provide excellent storage and presents potential for conversion into garaging or ancillary accommodation (STPP). Additional outbuildings, though in varying states of repair, offer further possibilities for renovation or redevelopment.
The gardens are beautifully private, with an array of mature ornamental and specimen trees, and well-established hedging that encourages wildlife and enhances the peaceful atmosphere. There is also a natural, covered spring well in the garden providing a natural water source. A former paddock area, now open to the garden, adds flexibilityideal for those seeking space for animals, leisure, or rewilding. This area could easily be re-fenced, subject to need.
There are no public rights of way across the property, ensuring complete privacy.
SERVICES & OUTGOINGS
We understand that mains electric, water and drainage are connected to the property. Oil fired central heating. Private septic tank drainage.
Council Tax: Dorset CouncilBand F
Map location is not available for this property.
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.
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Final Equity Profit = Final Property Value - Mortgage Required - Investment
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