2 Bed Flat, Refurb/BRRR, Weymouth, DT4 8UA, £160,000

33 St Thomas Street, Weymouth, Dorset, DT4 8EJ - a year ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 6%
~53 m²
+3 photos

ValuationOvervalued

Sold Prices£100K - £440K
Sold Prices/m²£1.7K/m² - £4.8K/m²

 

 

Square Metres

~52.90 m²
Price/m²£3K/m²

Value Estimate

£144,500

 

 

End Value (After Refurb)

£180,529

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£21,445

Bridging Loan Interest

£4,200

Total Cash In

£73,395

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,529

Mortgage (After Refinance)

£135,397

Mortgage LTV

75%

Cash Released

£15,397

Cash Left In

£57,998

Equity

£45,132

Rent Range

£725 - £6,067

Rent Estimate

£1,190

Running Costs/mo

£822

Cashflow/mo

£368

Cashflow/yr

£4,414

ROI

6%

Gross Yield

9%

Local Sold Prices

35 sold prices from £100K to £440K, average is £172.5K. £1.7K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£195K03/230.01 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/210.01 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£207K11/200.02 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£360K06/210.07 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£200K10/230.18 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/230.18 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£168.5K11/200.18 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/200.18 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/230.18 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£122.5K02/210.28 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£190K04/210.31 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£320K04/230.31 miFlat 4, Dolphin Court, Bincleaves Road, Weymouth, Dorset DT4 8RT2
£172.5K03/210.34 miFlat 11, Belle Vue Court, Belle Vue Road, Weymouth, Dorset DT4 8SA2
£195K03/230.37 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/210.37 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£122.5K08/210.37 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£110K12/200.49 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£100K12/220.53 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/210.53 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/210.53 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£100K12/200.54 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£220K08/230.63 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£130K06/210.64 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/230.64 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£222K11/200.66 mi35, Cross Road, Weymouth, Dorset DT4 9QX2
£250K05/230.66 mi39, Cross Road, Weymouth, Dorset DT4 9QX2
£165K12/200.69 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/200.69 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£220K08/230.69 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£200K11/220.69 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£160K11/210.71 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£140K11/210.86 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£122.5K04/210.86 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£148K11/200.88 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£440K04/210.96 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2

Local Rents

36 rents from £725/mo to £6.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95003/240 miWellington Court, WEYMOUTH2
£1,25004/240.06 miCove Row, Weymouth, Dorset, DT42
£1,30003/240.1 miNewtons Road - Weymouth2
£1,15003/240.14 miEdward Court - Weymouth2
£72502/240.15 mi-2
£1,00003/240.16 miWeymouth2
£87505/240.17 miThe Esplanade, Weymouth2
£92503/240.18 miWeymouth2
£75003/240.21 miSt Edmund Street, Weymouth2
£83501/240.21 mi-2
£6,06701/240.22 mi-2
£3,50001/250.22 mi-2
£85003/240.23 miSt Thomas Street, Weymouth2
£79503/250.26 mi-2
£95003/240.28 miWeymouth2
£84901/240.28 mi-2
£1,15003/250.34 mi-2
£1,20004/240.37 miJames Street - Rodwell2
£95003/240.39 miBincleaves Road, Weymouth, Dorset, DT42
£75003/240.42 miWeymouth2
£1,00002/250.45 mi-2
£79503/240.46 miChickerell Road, Weymouth2
£1,20004/240.5 miGloucester Mews - Weymouth Town2
£95005/240.5 miHarbour View - Weymouth2
£85003/240.51 mi-2
£1,20003/250.51 mi-2
£1,00004/240.52 miCorscombe Close, Weymouth2
£80003/240.52 miBuxton Road, Weymouth2
£1,15003/240.53 mi4 Wyke Road, Weymouth2
£1,00004/240.54 mi-2
£77502/240.54 mi-2
£87504/240.55 miWyke Road, Rodwell2
£1,00004/240.56 mi**No Further Applications**2
£1,10004/240.58 miCorscombe CloseWeymouth2
£1,00012/240.58 miAbbotsbury Road, Weymouth2
£92504/240.6 miPark Street, WEYMOUTH2

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

1.33 miles away

Nearest school

0.80 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £160,000

December 13, 2024

Price changed to £175,000

November 8, 2024

Listed for £180,000

May 15, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Bright Southerly Facing Aspect +
  • Close to Brewers Quay, Weymouth Harbour and Town Centre +
  • Character Conversion +
  • Allocated Off-Road Parking +

This two-bedroom first floor apartment with an allocated parking space is located close to Hope Square and Weymouth Harbour . A popular location with accommodation including hallway, sitting room, separate kitchen, two double bedrooms and bathroom. In need of some modernisation.

Full Description - Entrance to the building is via a well-kept communal hallway and phone entry system. Easy access up to the entrance to the first floor apartment. The welcoming hallway has doors opening to the following rooms. The sitting room is a light room with tall rear aspect inset windows and high ceilings, there is ample space for furniture. The kitchen is accessed of the sitting room with a range of wall and base units with work surfaces over and inset sink/drainer unit. There is a built-in electric oven and hob, space and plumbing for a free-standing washing machine, fridge and freezer. Returning to the hallway there are doors opening to the remainder of the accommodation. The master bedroom is a light spacious double room with generous ceiling heights and light rear aspect with inset windows. The second bedroom is also a double room with similar outlook. The bathroom comprising of bath with shower attachment, pedestal wash hand basin and low-level WC.

Outside the main building the apartments are surrounded by pretty and well-kept communal gardens. There is also an allocated off-road parking space.

Centrally located with all of Weymouth's picturesque destinations on the doorstep. Just a short stroll away is Weymouth Harbourside and vibrant Hope Square with iconic brewery building offering a choice of bistros, restaurants and pubs. The pretty Nothe Gardens offer open space and wonderful walks with Newton's Cove beach offering a quieter spot to enjoy the sea. Weymouth Esplanade and beach is just a short walk from the property and enjoys an award-winning sandy beach adjacent to the town centre which enjoys a good variety of shops.

Rating Authority: Weymouth & Portland Borough Council - Tax Band: B.

Services: Mains Electric & Drainage.

Disclaimer: - Beaumont Jones and their clients have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs, plans and measurements are for guidance only and are not necessarily comprehensive. It should be assumed that the property has all necessary Planning, Building Regulations or other consents, and Beaumont Jones have not tested any services, equipment or facilities. Beaumont Jones is a member of The Property Ombudsman scheme and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Beaumont Jones Estate Agents, Weymouth

01305 235823

Next Steps?

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