3 Bed Detached House, Refurb/BRRR, Weymouth, DT3 6BJ, £350,000

Preston Road, Weymouth, DT3 6BJ - 2 views - a year ago

Sold STC
Refurb/BRRR
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£240K - £785K
Sold Prices/m²£1.7K/m² - £6.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£331,880

 

 

End Value (After Refurb)

£343,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£37,753

Bridging Loan Interest

£9,188

Total Cash In

£152,890

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£343,500

Mortgage (After Refinance)

£257,625

Mortgage LTV

75%

Cash Left In

£152,890

Equity

£85,875

Rent Range

£600 - £2,750

Rent Estimate

£1,090

Running Costs/mo

£1,311

Cashflow/mo

£-221

Cashflow/yr

£-2,657

Gross Yield

4%

Local Sold Prices

46 sold prices from £240K to £785K, average is £391K. £1.7K/m² to £6.6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£325K11/230.06 mi41, Fisherbridge Road, Preston, Weymouth, Dorset DT3 6BT3
£347.5K01/230.06 mi65, Fisherbridge Road, Preston, Weymouth, Dorset DT3 6BT3
£277.5K01/210.06 mi37, Fisherbridge Road, Preston, Weymouth, Dorset DT3 6BT3
£276K11/200.06 mi55, Fisherbridge Road, Preston, Weymouth, Dorset DT3 6BT3
£295K01/210.12 mi1, Halstock Close, Preston, Weymouth, Dorset DT3 6RU3
£326K06/210.12 mi1, Marley Close, Preston, Weymouth, Dorset DT3 6DH3
£240K03/210.13 mi225, Preston Road, Preston, Weymouth, Dorset DT3 6BN3
£625K07/230.2 mi175, Preston Road, Preston, Weymouth, Dorset DT3 6BG3
£580K11/210.2 mi187, Preston Road, Preston, Weymouth, Dorset DT3 6BG3
£342K02/210.2 mi147, Preston Road, Preston, Weymouth, Dorset DT3 6BG3
£550K12/220.24 mi20, Churchward Avenue, Preston, Weymouth, Dorset DT3 6NZ3
£392.5K03/210.25 mi34, Churchward Avenue, Preston, Weymouth, Dorset DT3 6NZ3
£429K12/220.25 mi29, Churchward Avenue, Preston, Weymouth, Dorset DT3 6NZ3
£320K01/210.27 mi10, Sunnyfields, Sutton Poyntz, Weymouth, Dorset DT3 6ND3
£377K12/200.27 mi3, Sunnyfields, Sutton Poyntz, Weymouth, Dorset DT3 6ND3
£600K04/230.29 mi85, Sutton Road, Sutton Poyntz, Weymouth, Dorset DT3 6LN3
£450K01/230.34 mi15, Cedar Drive, Preston, Weymouth, Dorset DT3 6DT3
£310K01/210.36 mi5, Cedar Drive, Preston, Weymouth, Dorset DT3 6DT3
£368K04/230.36 mi34, Cedar Drive, Preston, Weymouth, Dorset DT3 6DT3
£416K06/210.36 mi9, Brunel Drive, Preston, Weymouth, Dorset DT3 6NU3
£305K10/200.37 mi9, Forehill Close, Preston, Weymouth, Dorset DT3 6DS3
£330K03/210.39 mi11a, Old Bincombe Lane, Sutton Poyntz, Weymouth, Dorset DT3 6NB3
£389.5K02/210.42 mi8, Barton Drive, Preston, Weymouth, Dorset DT3 6NW3
£470K06/210.44 mi10, Hazel Drive, Preston, Weymouth, Dorset DT3 6DY3
£490K07/230.45 mi16, Coombe Valley Road, Preston, Weymouth, Dorset DT3 6NH3
£350K01/210.46 mi13, Wingreen Close, Weymouth, Dorset DT3 6QR3
£707K11/220.52 mi38, Coombe Valley Road, Preston, Weymouth, Dorset DT3 6NL3
£342.5K08/210.52 mi8, Medway Drive, Weymouth, Dorset DT3 6LF3
£340K12/200.52 mi1, Medway Drive, Weymouth, Dorset DT3 6LF3
£460K12/220.56 mi2, Chalbury Close, Preston, Weymouth, Dorset DT3 6LE3
£555.5K06/230.58 mi34, Chalbury Close, Preston, Weymouth, Dorset DT3 6LE3
£460K01/230.61 mi13, Chalbury Close, Preston, Weymouth, Dorset DT3 6LE3
£550K11/200.61 mi7, Furzey Close, Weymouth, Dorset DT3 6RX3
£785K07/230.64 mi89, Preston Road, Preston, Weymouth, Dorset DT3 6PY3
£600.3K03/210.76 mi1a, Overcombe Drive, Weymouth, Dorset DT3 6QE3
£475.6K06/210.78 mi43, Ringstead Crescent, Weymouth, Dorset DT3 6PT3
£480K08/230.78 mi26, Ringstead Crescent, Weymouth, Dorset DT3 6PT3
£336K06/210.78 mi27, Enkworth Road, Preston, Weymouth, Dorset DT3 6JT3
£325K04/210.78 mi30, Enkworth Road, Preston, Weymouth, Dorset DT3 6JT3
£400K12/200.78 mi32, Enkworth Road, Weymouth, Dorset DT3 6JT3
£386K09/210.81 mi5, Melstock Avenue, Weymouth, Dorset DT3 6JX3
£300K09/210.81 mi6, Melstock Avenue, Weymouth, Dorset DT3 6JX3
£510K08/230.85 mi56, Oakbury Drive, Preston, Weymouth, Dorset DT3 6JF3
£600K01/230.87 mi91, Budmouth Avenue, Weymouth, Dorset DT3 6QJ3
£400K11/220.88 mi7a, Enkworth Road, Preston, Weymouth, Dorset DT3 6JT3
£365K10/220.96 mi6, Honeysuckle Close, Weymouth, Dorset DT3 6SW3

Local Rents

50 rents from £600/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£2,75011/230.64 mi-6
£90003/240.67 miPreston2
£87503/240.69 miOakbury Drive, Weymouth, Dorset, DT32
£87509/240.71 mi-2
£95004/240.72 miEadon Close - Preston2
£1,45004/240.73 miOakbury Drive, Preston3
£95003/240.77 miPreston Road, Weymouth2
£1,20003/240.93 miGentian Way,2
£1,10004/240.95 miPreston, Weymouth2
£1,10005/240.95 miPreston, Weymouth2
£1,40009/240.99 mi-3
£77503/241.23 miLittlemoor Road, Weymouth, Dorset, DT3 6AF1
£1,25004/251.35 mi-3
£2,25002/251.36 mi-4
£77504/241.39 miCanberra Road, WEYMOUTH1
£60004/241.56 miJenner Way, Weymouth1
£80005/241.61 miPipit Close, Weymouth2
£82501/251.65 mi-1
£1,05004/241.69 miThe Woodpeckers, Weymouth2
£75007/241.69 mi-1
£80003/241.75 miKestrel View, Weymouth, DT3 5QZ2
£1,10005/241.78 miSymonds Close, Weymouth3
£1,05003/241.78 miKestrel View, Weymouth2
£1,05003/241.82 miThe Finches, WEYMOUTH2
£1,30004/251.84 mi-2
£1,10003/241.85 miCampion Close, Weymouth, Dorset, DT42
£1,00003/241.86 miReedling Close, Weymouth2
£95003/241.9 miSundew Close - Weymouth2
£82504/241.9 miReedling Close, Weymouth1
£79503/251.92 mi-1
£1,00004/241.92 miLarkspur Close - Weymouth2
£1,30005/241.92 miReedling Close, Littlemoor3
£85003/241.95 miMelcombe Avenue, WEYMOUTH2
£1,05003/241.96 miMeadow View Road, Weymouth2
£1,00004/241.96 miLarkspur Close, Weymouth2
£1,00005/242.01 miCamedown Close, Weymouth2
£97503/242.02 miWeymouth2
£1,50003/242.04 miBridlebank Way, Weymouth3
£1,05003/252.05 mi-2
£1,60003/252.05 mi-3
£1,45005/242.09 miCourt Road, Weymouth3
£1,30003/242.09 miWestlake Close, Weymouth3
£1,40005/242.1 miWeymouth3
£98504/242.1 miCleveland House, Weymouth, DT42
£1,10004/242.1 miCleveland House, Weymouth, DT42
£96504/242.1 mi-2
£1,10005/242.1 mi-2
£1,20005/242.1 mi-2
£1,10003/252.1 mi-2
£95005/242.11 miFerndale Road, Weymouth2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

2.43 miles away

Nearest school

0.60 miles away

Nearest train station

1.97 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £350,000

May 31, 2024

Floor Plans

Description

  • No Onward Chain +
  • Preston +
  • Substantial Property +
  • Three Reception Rooms +
  • Large Garage/Workshop +
  • Two Bathrooms +
  • Close To Amenities +
  • Nr Countryside Walks +

This charming Grade II listed thatched cottage boasts a DECEPTIVELY SPACIOUS interior REQUIRING some MODERNISATION and is being sold with NO ONWARD CHAIN. It features THREE RECEPTION ROOMS, two bathrooms, and a LARGE GARAGE/WORKSHOP, all complemented by a SIZEABLE MATURE GARDEN. Located in PRESTON, it is conveniently close to a host of amenities and offers easy access to stunning country and coastal walks.

Upon entering the cottage, the first staircase leading to the upper floor greets you, providing access to the kitchen/diner and the rest of the house. The kitchen/diner, running from the front to the back of the house, has ample space for a dining table and chairs, centred around a large inglenook-style fireplace. It is equipped with a variety of eye and base level units and has room for appliances. Further on, two similarly sized reception rooms offer flexibility in layout and use, each brimming with character from fireplaces, exposed beams, brickwork, and a historic bread oven.

The first bathroom is located towards the back of the house, followed by another staircase that leads up to the first floor and access to the main reception room. This main lounge is a wonderfully bright and airy dual-aspect room with patio doors opening out to the garden with ample space for furnishings being an ideal for families.

The first floor houses three bedrooms and a bathroom, along with an additional room accessed via the second staircase, perfect for use as a study. The master bedroom spans the depth of the house, offering generous space, while the second bedroom is also a double, and the third being a single room.

At the rear, there is a spacious, mature garden featuring a paved patio that leads to an enclosed lawn, providing both privacy and security, with a door accessing the garage/workshop. At the front, a parking space leads up to the garage/workshop.

Lounge - 5.33 x 3.61 (17'5" x 11'10") -

Dining Room - 4.78 x 3.38 (15'8" x 11'1") -

Kitchen/Diner - 4.75 x 3.73 (15'7" x 12'2") -

Reception Three - 4.65 x 3.15 (15'3" x 10'4") -

Study - 4.19 x 2.82 (13'8" x 9'3") -

Bedroom One - 4.85 x 3.53 (15'10" x 11'6") -

Bedroom Two - 3.89 x max x 2.72 max (12'9" x max x 8'11" max) -

Bedroom Three - 2.51 x 2.51 (8'2" x 8'2") -

Garage/Workshop - 5.71 x 4.43 (18'8" x 14'6") -

Agent Details

Wilson Tominey Estate Agents, Weymouth

01305 232448

Next Steps?

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

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