2-bedroom flat · DT9 3LR
Sold STCReduced £15k (−6.1%) on 12 JunListed 216 days
Opportunity summary
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About
A spacious ground floor two bedroom apartment a short step to the Abbey, station and shops to the centre of Sherborne. Allocated parking and communal gardens. No onward chain.
Flat 3 The Pageant is one of eight properties created out of the old Pageant Inn in 2005.
Some of the apartments were created out of the original Pageant Inn building however number 3 is completely purpose built bringing with it all the advantages one would expect of a new build in terms of maintenance and cost savings.
The apartment is arranged around a hallway that stretches the length of the property with the living areas to one end and the sleeping areas to the other.
The principal room of the house is the sitting room that focuses on a fireplace equipped with a coal effect electric fire with to one side a doorway through to a kitchen that has space for an everyday dining table to one end and a comprehensive range of floor and wall mounted units and cupboards to the other.
Integral appliances include an electric double oven, a microwave, a fridge/freezer and a dishwasher.
To the centre of the apartment there is a doorway through to a utility room that has plumbing for a washer dryer, a couple of storage cupboards and some useful storage shelving.
To the very end of the apartment there is a large principal bedroom that has a built-in wardrobe and an en-suite shower room while the second bedroom, which is also of a good size, is currently organised as a formal dining room and has a useful double wardrobe to one corner.
A family bathroom completes the accommodation. The property is in good decorative order has a gas fired combination boiler, double glazing and a telephone entry security system.
SERVICES We understand that mains electric, water and drainage are connected to the property. Gas central heating.
Council Tax: Dorset Council—Tax Band E Lease Information: The term of the lease is 199 years from 1/7/2004. There is an annual service charge of £1800. These charges does include buildings insurance.
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, 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 HIGH RISK from River/Sea and Surface Water flooding.
Agent Note: Since The Pageant was converted in 2005, we understand the apartment has never flooded and insurance premiums remain low.
The Pageant lies opposite Pageant Gardens, Sherborne’s central town park and a short level step to both the main line station and Sainsbury supermarket.
Sherborne is a particularly attractive Abbey town with a conservation area to its centre and many of the town amenities lie within walking distance of the apartment including the Abbey, a number of doctors surgeries, a main line station, 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 private schooling.
To the right hand side of the main building there is that most precious of Sherborne commodities off street parking a single car.
To the front of the property wrought iron gates give way to a paved pathway which leads up to the front door and off to the right to the car parking area that has areas of communal garden laid to lawn either side and edged by mature herbaceous planting enclosed by mature hedge.
To the right hand side of the main building there is that most precious of Sherborne commodities off street parking for a single car.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About South Street, Sherborne, Dorset, DT9
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