4 Bed Detached House, Refurb/BRRR, Weymouth, DT3 5EZ, £515,000

Radipole Park Drive, Weymouth, DT3 5EZ - 9 months ago

Refurb/BRRR
~141 m²
+22 photos

ValuationOvervalued

Sold Prices£230K - £725K
Sold Prices/m²£206/m² - £5.5K/m²

 

 

Square Metres

~141.40 m²
Price/m²£3.6K/m²

Value Estimate

£447,891

 

 

End Value (After Refurb)

£515,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£128,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£57,400

Bridging Loan Interest

£13,519

Total Cash In

£244,119

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£515,000

Mortgage (After Refinance)

£386,250

Mortgage LTV

75%

Cash Left In

£244,119

Equity

£128,750

Rent Range

£1,100 - £3,000

Rent Estimate

£1,648

Running Costs/mo

£1,959

Cashflow/mo

£-311

Cashflow/yr

£-3,732

Gross Yield

4%

Local Sold Prices

47 sold prices from £230K to £725K, average is £400K. £206/m² to £5.5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£389K03/210.11 mi15, Ullswater Crescent, Weymouth, Dorset DT3 5HE4
£660K11/220.12 mi59, Spa Road, Radipole, Weymouth, Dorset DT3 5EP4
£412K12/200.13 mi100, Spa Road, Weymouth, Dorset DT3 5ER4
£315K10/200.17 mi7, Spa Avenue, Weymouth, Dorset DT3 5EJ4
£515K09/210.2 mi217, Dorchester Road, Weymouth, Dorset DT3 5EQ4
£685K08/230.2 mi227a, Dorchester Road, Weymouth, Dorset DT3 5EQ4
£420K04/210.21 mi20, Icen Road, Weymouth, Dorset DT3 5JL4
£355K11/200.24 mi283, Dorchester Road, Weymouth, Dorset DT3 5JB4
£572.5K11/200.24 mi6, Hetherly Road, Weymouth, Dorset DT3 5JN4
£705K07/230.24 mi63, Mount Pleasant Avenue South, Weymouth, Dorset DT3 5JF4
£490K09/210.25 mi15, Ambleside, Weymouth, Dorset DT3 5HH4
£445K11/210.38 mi2, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AB4
£420K11/220.39 mi8, Hornbeam Close, Weymouth, Dorset DT4 9UJ4
£300K02/230.4 mi15, Argyle Road, Weymouth, Dorset DT4 7LX4
£485K11/210.43 mi11, Laburnum Close, Weymouth, Dorset DT4 9UQ4
£526K06/210.45 mi256, Dorchester Road, Weymouth, Dorset DT3 5AX4
£465K10/200.45 mi260, Dorchester Road, Weymouth, Dorset DT3 5AX4
£371.5K02/210.47 mi24, Symonds Close, Weymouth, Dorset DT3 5HY4
£310K12/210.5 mi8, Celandine Close, Weymouth, Dorset DT4 7RL4
£450K09/210.5 mi4, Greenway Road, Weymouth, Dorset DT3 5BE4
£390K08/210.56 mi2, Sundew Close, Weymouth, Dorset DT4 7UD4
£325K03/210.57 mi26, Field Barn Drive, Weymouth, Dorset DT4 0ED4
£400K05/210.58 mi61, Radipole Lane, Weymouth, Dorset DT4 9RR4
£465K07/230.61 mi8, Westbourne Road, Weymouth, Dorset DT4 7QJ4
£455K06/230.61 mi5, Clarendon Avenue, Weymouth, Dorset DT3 5BG4
£380K11/220.61 mi7, Chafeys Avenue, Weymouth, Dorset DT4 0EQ4
£725K03/210.62 mi2, St Georges Avenue, Weymouth, Dorset DT4 7TU4
£390K02/210.65 mi24, Sutcliffe Avenue, Weymouth, Dorset DT4 9SA4
£370K03/210.65 mi33, Moorside Close, Weymouth, Dorset DT4 7RQ4
£371K04/210.65 mi39, Greenway Road, Weymouth, Dorset DT3 5BD4
£400K01/210.66 mi19, Hammond Avenue, Weymouth, Dorset DT4 9SB4
£300K12/200.66 mi16, Grafton Avenue, Weymouth, Dorset DT4 9RZ4
£500K06/210.66 mi9, Lynmoor Road, Weymouth, Dorset DT4 7TW4
£630K08/230.66 mi16, Lynmoor Road, Weymouth, Dorset DT4 7TW4
£525K12/200.66 mi53, Coombe Avenue, Weymouth, Dorset DT4 7TP4
£300K11/200.72 mi66, Goldcroft Road, Weymouth, Dorset DT4 0EB4
£600K05/210.79 mi386, Dorchester Road, Weymouth, Dorset DT3 5AW4
£336K06/210.8 mi149, Radipole Lane, Weymouth, Dorset DT4 0TF4
£425K12/220.8 mi151, Radipole Lane, Weymouth, Dorset DT4 0TF4
£230K01/210.81 mi33, Cassiobury Road, Weymouth, Dorset DT4 7JN4
£299.9K10/200.82 mi30, The Rise, Weymouth, Dorset DT4 0TB4
£450K06/210.83 mi21, Goldcroft Avenue, Weymouth, Dorset DT4 0ET4
£365K09/230.85 mi17, Avenue Road, Weymouth, Dorset DT4 7JH4
£335K12/200.87 mi47, Avenue Road, Weymouth, Dorset DT4 7JJ4
£361K02/210.87 mi1, Heathwood Road, Weymouth, Dorset DT4 0PQ4
£275K07/230.89 mi61, Walpole Street, Weymouth, Dorset DT4 7HJ4
£360K03/210.98 mi449, Dorchester Road, Weymouth, Dorset DT3 5BW4

Local Rents

11 rents from £1.1K/mo to £3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.11 miKings Road, Weymouth, Dorset, DT3 5ES3
£1,25004/240.16 miDorchester Road, Weymouth3
£1,60003/250.22 mi-3
£3,00003/240.23 miMount Pleasant Ave South, Radipole, Weymouth4
£2,50005/240.23 miMount Pleasant Ave South, Radipole, Weymouth4
£1,35003/250.45 mi-4
£1,27505/240.52 miKenilworth, Weymouth3
£1,10005/240.52 miSymonds Close, Weymouth3
£1,60004/240.54 miDorchester Road, Weymouth3
£1,60003/240.57 miField Barn Drive - Weymouth4
£1,50004/240.6 miAlexandra Road, Weymouth4

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.37 miles away

Nearest school

0.50 miles away

Nearest train station

1 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £515,000

March 24, 2025

Price changed to £530,000

March 20, 2025

Price changed to £515,000

March 12, 2025

Price changed to £525,000

February 8, 2025

Listed for £550,000

July 2, 2024

Floor Plans

Description

A delightful individual detached house situated at Radipole close to the park and nature reserve and an excellent range of local amenities. Built in 1934, the property has a host of features typical of its age and type and has been subject to comprehensive modernisation and improvement.

On the ground floor, a welcoming entrance hall leads to a sitting room with bay window letting the light flood in and has a lovely feature fireplace with wood burner for those cozy evenings. Next door you have a very useful 3rd reception room which can be used as 5th bedroom or as a playroom for the growing family. There is a separate dining room with French doors leading to the rear garden and veranda along with an impressive contemporary fitted kitchen/breakfast room extensively fitted with a range of wall and floor cupboards, integrated dishwasher, fridge and freezer, built in electric double oven and grill, 4 ring induction hob and extractor hood. A door at the rear leads into a useful utility room, pantry and downstairs cloakroom.

On the first floor are four double bedrooms with the main bedroom having a feature bay window. Bedroom 4 has a range of built in wardrobes. There is a newly fitted modern bathroom with full height tiled walls and chrome towel radiator. From the landing, loft access and ladder lead to an insulated loft space.

Outside, a large brick paved driveway provides off road parking for several vehicle. Pedestrian side access leads to an enclosed rear garden. Immediately adjoining the rear is a paved patio and veranda, leading onto lawned gardens stocked with a range of shrubs, plants and trees together with a timber garden shed.

The property is situated in a popular and convenient location at Radipole within easy reach of Weymouth town centre and beaches, as well as a wide range of amenities close by with a number of supermarkets, restaurants, public houses, butchers, hairdressers, newspaper shop and food outlets all within walking distance. The well regarded Radipole Primary school is close by along with the nature reserve and Radipole Park gardens with all its facilities.

Weymouth town centre is approximately 1 mile away and situated on the world heritage coast line and is a busy active seaside resort. The town provides an excellent range of shopping facilities as well as a number of cafes, bistros and restaurants. The surrounding coastline offers the opportunity of enjoying a number of water sports and leisure pursuits. The county town of Dorchester can be reached within approximately 8 miles and both Weymouth and Dorchester have main line railway stations to London (Waterloo).

Agent Details

Palmer Snell, Weymouth

01305 237393

Next Steps?

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