8 Bed HMO, Weymouth, DT4 7JD, £395,000

3 Ranelagh Road, Weymouth, Dorset, DT4 7JD - 84 views - a year ago

HMO
ROI: 20%
~248 m²
+13 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£20,300

Total Cash In

£119,050

 

 

Cash Out

 

Room Rate

£641

Gross Rent

£5,128

Running Costs/mo

£3,186

Cashflow/mo

£1,942

Cashflow/yr

£23,304

ROI

20%

Gross Yield

16%













Property History

Listed for £395,000

March 25, 2024

Sold for £238,000

2006

Sold for £195,000

2004

Floor Plans

Description

  • INVESTMENT / HMO OPPORTUNITY +
  • 8 BEDROOMS +
  • 7 ENSUITES +
  • MODERN AND WELL PRESENTED ACCOMMODATION +
  • REAR COUTYARD GARDEN +
  • CLOSE TO TRANSPORT LINKS AND WEYMOUTH BEACH +

Conveniently located a short distance from Weymouth' award winning beaches and Weymouth train station with direct links to London Waterloo is this versatile, immaculately presented investment property.

This substantial property which is being offered for sale with no onward chain benefits from entry phone system, CCTV, upgraded internet/Wi-Fi and sensor lighting throughout the communal areas. The property which offers spacious and versatile accommodation briefly affords entrance hall, lounge, modern kitchen, office/bedroom and shower room on the ground floor.

To the first floor there are three bedrooms with shower cubicles and wash basins, a utility room/bedroom and three WC's.

On the second floor there are three further bedrooms with shower cubicles and wash basins.

Outside there is an enclosed courtyard garden to the rear.
 

GROUND FLOOR ACCOMMODATION  

ENTRANCE HALL  

KITCHEN 12' 1" x 10' 11" (3.69m x 3.35m)  

LOUNGE 13' 5" x 13' 0" (4.1m x 3.97m)  

OFFICE / BEDROOM 17' 11" x 8' 11" (5.48m x 2.73m)  

SHOWER ROOM  

FIRST FLOOR ACCOMMODATION  

BEDROOM 14' 4" x 13' 10" (4.37m x 4.23m)  

BEDROOM 13' 9" x 6' 6" (4.2m x 2..48m)  

BEDROOM 11' 3" x 9' 0" (3.45m x 2.75m)  

UTILITY ROOM / BEDROOM 11' 1" x 8' 11" (3.38m x 2.74m)  

CLOAKROOM WITH 3 WC'S  

SECOND FLOOR  

BEDROOM 12' 1" x 11' 1" (3.7m x 3.4m)  

BEDROOM 13' 9" x 7' 9" (4.2m x 2.37m)  

BEDROOM 13' 9" x 9' 2" (4.2m x 2.8m)  

REAR GARDEN WITH REAR PEDESTRIAN ACCESS  

Parking: Residents Permit Parking
Property Type: Terraced House
Property construction: Standard
Mains Electricity
Mains Water & Sewage: Supplied by Wessex Water
Heating: Gas

Broadband Networks in the area
Openreach, Jurassic Fibre

Superfast Fibre Broadband, Standard Broadband

Mobile Network Availability in this area
O2
Three
Vodafone
EE

We recommend checking Broadband speeds via Ofcom Checker

We recommend checking Mobile phone coverage via Ofcom Checker

Agent Details

Martin & Co, Weymouth

01305 232528

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.