2 Bed Terraced House, Refurb/BRRR, Weymouth, DT4 7QZ, £170,000

Ferndale Road, Weymouth, DT4 7QZ - 15 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£110K - £435K
Sold Prices/m²£1.4K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£175,100
BMV3%

 

 

End Value (After Refurb)

£229,603

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£27,612

Bridging Loan Interest

£4,463

Total Cash In

£82,624

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£229,603

Agent Fees (1%)

£2,296

Bridging Loan

£127,500

Bridging Loan Interest

£4,463

Flip Profit

£17,182

Local Sold Prices

50 sold prices from £110K to £435K, average is £221.2K. £1.4K/m² to £5.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£220K11/210.02 mi17, Ferndale Road, Weymouth, Dorset DT4 7QZ2
£170.5K01/210.02 mi37, Ferndale Road, Weymouth, Dorset DT4 7QZ2
£175K01/210.02 mi5, Ferndale Road, Weymouth, Dorset DT4 7QZ2
£270K04/230.08 mi5, Argyle Road, Weymouth, Dorset DT4 7LX2
£230K12/200.08 mi5, Argyle Road, Weymouth, Dorset DT4 7LX2
£270K10/220.13 mi15, Southfield Avenue, Weymouth, Dorset DT4 7UG2
£305K09/210.16 mi18, Milton Terrace, Weymouth, Dorset DT4 7LZ2
£210K04/210.17 mi39, Milton Close, Weymouth, Dorset DT4 7NB2
£205K02/210.17 mi62, Princes Drive, Weymouth, Dorset DT4 7UH2
£210K12/220.18 mi26, Princes Drive, Weymouth, Dorset DT4 7UH2
£200K12/200.19 mi41, Larkspur Close, Weymouth, Dorset DT4 7UB2
£220.3K11/200.19 mi33, Princes Drive, Weymouth, Dorset DT4 7UQ2
£205K02/210.19 mi38, Princes Drive, Weymouth, Dorset DT4 7UH2
£202.5K04/210.21 mi11, Sundew Close, Weymouth, Dorset DT4 7UD2
£265K06/230.25 mi2, Sorrel Close, Weymouth, Dorset DT4 7UF2
£317.5K03/210.28 mi30, Haywards Avenue, Weymouth, Dorset DT3 5JU2
£247K09/210.29 mi8, Spa Avenue, Weymouth, Dorset DT3 5EJ2
£160K05/230.39 mi237, Dorchester Road, Weymouth, Dorset DT3 5JD2
£276K05/230.4 mi26, Spa Road, Radipole, Weymouth, Dorset DT3 5EN2
£182.5K06/230.5 mi21, Lennox Street, Weymouth, Dorset DT4 7HE2
£190K09/210.51 mi23, Charles Street, Weymouth, Dorset DT4 7JG2
£210K09/230.51 mi34, Walpole Street, Weymouth, Dorset DT4 7HQ2
£195K04/230.52 mi32, Walpole Street, Weymouth, Dorset DT4 7HQ2
£225K08/230.52 mi14, Penny Street, Weymouth, Dorset DT4 7JQ2
£208K04/230.52 mi38, Ranelagh Road, Weymouth, Dorset DT4 7JF2
£182K08/210.52 mi46, Ranelagh Road, Weymouth, Dorset DT4 7JF2
£198K02/230.54 miPark Cottage, Melcombe Place, Weymouth, Dorset DT4 7HL2
£180K01/210.55 mi69, Walpole Street, Weymouth, Dorset DT4 7HH2
£225K06/210.55 mi1, Walpole Street, Weymouth, Dorset DT4 7HH2
£430K04/230.56 mi6, Lakeside Gardens, Weymouth, Dorset DT3 5HQ2
£435K12/220.57 mi8, Windermere Crescent, Weymouth, Dorset DT3 5HG2
£264K03/230.59 mi9, Brownlow Street, Weymouth, Dorset DT4 7HW2
£222K06/230.59 mi1, Brownlow Street, Weymouth, Dorset DT4 7HW2
£110K03/210.61 mi22, Hardwick Street, Weymouth, Dorset DT4 7HU2
£175K06/230.62 mi26, Ranelagh Road, Weymouth, Dorset DT4 7JE2
£317.5K07/230.63 mi47, Ullswater Crescent, Weymouth, Dorset DT3 5HF2
£284.5K11/210.68 mi107, Belgrave, Southill, Weymouth, Dorset DT4 9SN2
£280K04/230.68 mi108, Belgrave, Southill, Weymouth, Dorset DT4 9SN2
£178.5K04/210.68 mi13, Stanley Street, Weymouth, Dorset DT4 7JB2
£275K01/230.81 mi162, Newstead Road, Weymouth, Dorset DT4 0DY2
£147K10/210.82 mi2, Clifton Place, Weymouth, Dorset DT4 7DD2
£200K12/220.82 mi9, Wesley Street, Weymouth, Dorset DT4 7DT2
£330K04/230.82 mi16, Greenway Road, Weymouth, Dorset DT3 5BE2
£248K01/230.82 mi34, Rowan Close, Weymouth, Dorset DT4 9UW2
£250K02/230.82 mi26, Rowan Close, Weymouth, Dorset DT4 9UW2
£223K05/210.83 mi34, Rowan Close, Weymouth, Dorset DT4 9UW2
£260K11/200.84 mi12, Reed View Close, Weymouth, Dorset DT4 0EW2
£185K03/230.85 mi17, Turton Street, Weymouth, Dorset DT4 7DU2
£280K04/210.87 mi33, Wedgwood Road, Weymouth, Dorset DT4 0GB2
£310K01/230.89 mi7, Farm Close, Weymouth, Dorset DT4 0EG2

Local Rents

35 rents from £760/mo to £1.2K/mo, average is £965/mo.

RentDateDistanceAddressBeds 
£95005/240 miFerndale Road, Weymouth2
£1,10003/250.03 mi-2
£90005/240.03 miDorchester Road, Weymouth2
£85004/240.1 mi-2
£98504/240.11 miCleveland House, Weymouth, DT42
£1,10004/240.11 miCleveland House, Weymouth, DT42
£96504/240.11 mi-2
£1,10005/240.11 mi-2
£1,20005/240.11 mi-2
£1,00004/240.15 miLarkspur Close, Weymouth2
£76003/240.19 mi-2
£1,00004/240.2 miLarkspur Close - Weymouth2
£95003/240.21 miSundew Close - Weymouth2
£1,00003/240.25 miWeymouth2
£1,00004/240.25 miWeymouth2
£1,10003/240.27 miCampion Close, Weymouth, Dorset, DT42
£92501/250.29 mi-2
£95003/240.37 miGlendinning Avenue, Weymouth2
£1,00003/240.38 miComing Soon - Lodmoor2
£95004/240.39 miWeymouth2
£85003/240.43 miMelcombe Avenue, WEYMOUTH2
£82505/240.44 miCarlton Road South, Weymouth2
£82505/240.44 miCarlton Road South, Weymouth2
£90003/240.47 miWeymouth2
£1,00002/250.49 mi-2
£82503/240.5 miGreenhill, Weymouth, Dorset, DT42
£95001/250.5 mi-2
£1,10003/240.51 miCharles Street, WEYMOUTH2
£95003/240.51 miCharles Street, WEYMOUTH2
£95005/240.51 miCharles Street, WEYMOUTH2
£1,10003/250.52 mi-2
£1,10004/240.53 miGreenhill, Weymouth2
£1,15011/230.53 mi-2
£97503/240.54 miWilliam Street, Weymouth2
£77502/250.55 mi-2

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

0.34 miles away

Nearest school

0.30 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £170,000

June 20, 2024

Floor Plans

Description

  • No Onward Chain +
  • In Need Of Modernisation +
  • Large Kitchen/Diner +
  • Close To Amenities +
  • Bus Route Nearby +
  • Lodmoor, Weymouth +

Offered with NO ONWARD CHAIN is an exciting opportunity to purchase a two-bedroom property on Ferndale Road that needs modernisation. Located close to amenities and bus routes the property offers a rear garden, spacious kitchen diner and a unique first-floor layout with study.

Inside, the hub of the home is the kitchen/diner, offering ample space for family dining and entertaining. The kitchen area, though dated, has great potential to be transformed into a modern, contemporary room. A door opens out the rear garden. Adjacent to the kitchen/diner, the cosy living room awaits your personal touch to restore its warmth and charm.

Upstairs, you'll find two well-proportioned bedrooms the family bathroom and a study. Bedroom one is a well-proportioned room with a bay window that illuminates the room beautifully. A connecting study room offers excellent versatility to the first floor and links the bedroom to the shower room. Bedroom two is a generous single and also leads to the shower room. The shower room has a built-in cupboard, step-in shower, hand basin and W/C.

The garden benefits from rear access and a brick-built storage shed. The low maintenance patio offers a pleasant space for entertaining.

Living Room - 3.36 max x 2.97 (11'0" max x 9'8") -

Kitchen/Diner - 3.96 x 3.41 max (12'11" x 11'2" max) -

Bedroom One - 3.94 x 2.94 (12'11" x 9'7") -

Bedroom Two - 3.06 x 1.96 (10'0" x 6'5") -

Shower Room - 2.61 max x 1.92 max (8'6" max x 6'3" max ) -

Study - 2.07 x 1.91 (6'9" x 6'3") -

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 💪