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Flat 4, The Old Mermaid, South Street, Sherborne, Dorset DT9 3NG
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
One-Bedroom Leasehold Flat in Sherborne
Flat 4, The Old Mermaid, South Street, Sherborne, Dorset DT9 3NG
Sold
• 1 Bedrooms
• Flat
• Leasehold
• Current Rating D66
Description
A one bedroom top floor flat, situated in Sherbourne, Dorset.
Accommodation
Entrance Hall; Living room / Bedroom 16' 3 x 11'; Kitchen: 12' 3 x 3' 11; Bathroom: 7' x 5' 5
Location
Situated in Sherbourne, Dorset.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
92 years |
EPC |
Current Rating D66 |
Investment Analysis
Five same-address leasehold sales are supplied, ranging from £82,000 in 2019 to £119,000 in 2006. The latest sale is historic and the comparable unit details are not confirmed, so a current GDV cannot be supported.
Strategy Recommendation
Do not set a bid or pursue a strategy until the guide price, legal pack, current market evidence, lease costs and rental evidence are obtained.
Works Required
No specific works are evidenced. Review condition, lease, service charge, ground rent and legal-pack requirements before bidding.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
The Old Mermaid, South Street, Sherborne, Dorset, Dt9 3ng |
£82,000 |
|
The Old Mermaid, South Street, Sherborne, West Dorset, Dt9 3ng |
£110,000 |
|
The Old Mermaid, South Street, Sherborne, West Dorset, Dt9 3ng |
£110,000 |
|
The Old Mermaid, South Street, Sherborne, Sherborne, West Dorset, Dt9 3ng |
£110,000 |
|
The Old Mermaid, South Street, Sherborne, Sherborne, West Dorset, Dt9 3ng |
£119,000 |
Potential BRRR Position
Cannot assess reliably because there is no guide price, current GDV, rent, refurbishment budget or finance-cost information. The 92-year lease requires legal review.
Buy-to-Let Analysis
No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The £2,880 stated buyer premium and administration charge would also need to be allowed for alongside the purchase price.
Flip Analysis
A flip appraisal cannot be supported from historic sales alone. No current GDV, works allowance, purchase price or selling-cost allowance is available.
Investor Risks & Due Diligence
• No guide price is supplied.
• No sufficiently specific rental evidence is supplied.
• The latest comparable sale is from 2019 and may not represent current value.
• Leasehold costs, including service charge and ground rent, are not supplied.
• Legal-pack disbursements and other possible purchaser charges are unknown.
• The 92-year lease requires legal review.
Recommendation
Do not set a bid or pursue a strategy until the guide price, legal pack, current market evidence, lease costs and rental evidence are obtained.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Historic same-address sales are available, but there is no guide price, current valuation, rental evidence, condition detail, service-charge information or legal-pack detail.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
034
Property Location:
Flat 4, The Old Mermaid, South Street, Sherborne, Dorset DT9 3NG
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