4 Bed Detached House, Refurb/BRRR, Weymouth, DT3 6QL, £450,000

11 Bodkin Lane, Weymouth, Dorset, DT3 6QL - 3 views - 9 months ago

Sold STC
Refurb/BRRR
~120 m²
+7 photos

ValuationOvervalued

Sold Prices£260K - £1.7M
Sold Prices/m²£2.4K/m² - £7.2K/m²

 

 

Square Metres

~120.03 m²
Price/m²£3.7K/m²

Value Estimate

£348,500

 

 

End Value (After Refurb)

£510,000

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£48,725

Bridging Loan Interest

£11,813

Total Cash In

£205,488

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£510,000

Mortgage (After Refinance)

£382,500

Mortgage LTV

75%

Cash Released

£45,000

Cash Left In

£160,488

Equity

£127,500

Rent Range

£575 - £2,750

Rent Estimate

£986

Running Costs/mo

£1,811

Cashflow/mo

£-825

Cashflow/yr

£-9,899

Gross Yield

3%

Local Sold Prices

50 sold prices from £260K to £1.7M, average is £457.5K. £2.4K/m² to £7.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£395K02/230.02 mi10, Bodkin Lane, Weymouth, Dorset DT3 6QL4
£510K09/230.08 mi29, Budmouth Avenue, Weymouth, Dorset DT3 6JW4
£475K12/220.12 mi8, Enkworth Road, Preston, Weymouth, Dorset DT3 6JT4
£535K09/210.18 mi27, Eastdown Avenue, Weymouth, Dorset DT3 6QN4
£435K03/230.18 mi14, Enkworth Road, Preston, Weymouth, Dorset DT3 6JT4
£340K02/210.18 mi16, Enkworth Road, Preston, Weymouth, Dorset DT3 6JT4
£450K11/200.19 mi2c, Preston Road, Weymouth, Dorset DT3 6PZ4
£567.5K02/230.19 mi6, Brackendown Avenue, Weymouth, Dorset DT3 6HX4
£427K11/200.19 mi40, Brackendown Avenue, Weymouth, Dorset DT3 6HX4
£430K03/210.19 mi8, Brackendown Avenue, Weymouth, Dorset DT3 6HX4
£765K10/230.19 mi48, Preston Road, Preston, Weymouth, Dorset DT3 6PZ4
£565K08/230.22 mi6, Highdown, Weymouth, Dorset DT3 6QW4
£465K09/210.23 mi27, Ringstead Crescent, Weymouth, Dorset DT3 6PT4
£690K03/230.26 mi16, Overcombe Drive, Weymouth, Dorset DT3 6QE4
£400K02/210.29 mi11a, Bowleaze Coveway, Weymouth, Dorset DT3 6PN4
£611K02/210.29 miSquires Lodge, 71, Preston Road, Weymouth, Dorset DT3 6PY4
£575K12/220.3 mi79, Preston Road, Preston, Weymouth, Dorset DT3 6PY4
£325K10/200.31 mi27, Oakbury Drive, Weymouth, Dorset DT3 6JB4
£320K12/200.31 mi15, Oakbury Drive, Weymouth, Dorset DT3 6JB4
£1.7M11/210.33 mi46, Bowleaze Coveway, Weymouth, Dorset DT3 6RY4
£475K12/200.35 mi42, Overcombe Drive, Weymouth, Dorset DT3 6QF4
£385K11/200.36 mi23, Wyke Oliver Road, Weymouth, Dorset DT3 6BW4
£455K11/200.36 mi5, Wyke Oliver Road, Weymouth, Dorset DT3 6BW4
£560K02/230.36 mi12, Wyke Oliver Road, Preston, Weymouth, Dorset DT3 6BW4
£460K11/210.43 mi2, Deansleigh Close, Weymouth, Dorset DT3 6QQ4
£410K01/210.47 mi52, Chalbury Close, Preston, Weymouth, Dorset DT3 6LE4
£575K12/200.47 mi14, Wingreen Close, Weymouth, Dorset DT3 6QR4
£297K03/210.48 mi9, Medway Drive, Weymouth, Dorset DT3 6LF4
£490K09/210.48 mi113, Preston Road, Preston, Weymouth, Dorset DT3 6BD4
£350K03/210.51 mi1, Cornflower Close, Weymouth, Dorset DT3 6SZ4
£430K03/210.53 mi33, Littlemoor Road, Weymouth, Dorset DT3 6AB4
£555K09/230.53 mi33, Littlemoor Road, Weymouth, Dorset DT3 6AB4
£500K10/220.54 mi45, Littlemoor Road, Weymouth, Dorset DT3 6AB4
£580K05/230.55 mi13, Littlemoor Road, Weymouth, Dorset DT3 6LA4
£625K07/230.57 mi14, Littlemoor Road, Weymouth, Dorset DT3 6AA4
£260K12/200.57 mi8, Honeysuckle Close, Weymouth, Dorset DT3 6SW4
£370K07/210.57 mi11, Chalbury Lodge, Preston, Weymouth, Dorset DT3 6SP4
£345K06/210.57 mi25, Chalbury Lodge, Preston, Weymouth, Dorset DT3 6SP4
£415K07/230.57 mi11, Chalbury Lodge, Preston, Weymouth, Dorset DT3 6SP4
£350K04/210.61 mi28, Primula Close, Weymouth, Dorset DT3 6SL4
£295K03/210.61 mi21, Primula Close, Weymouth, Dorset DT3 6SL4
£445.3K11/200.62 mi2, Coombe Valley Road, Preston, Weymouth, Dorset DT3 6NH4
£540K02/210.71 mi25, Coombe Valley Road, Preston, Weymouth, Dorset DT3 6NJ4
£600K01/230.76 mi6, Baydon Close, Preston, Weymouth, Dorset DT3 6PE4
£483K03/210.77 mi13, Stanier Road, Preston, Weymouth, Dorset DT3 6PD4
£370K03/210.8 mi33, Moorside Close, Weymouth, Dorset DT4 7RQ4
£371.5K02/210.91 mi24, Symonds Close, Weymouth, Dorset DT3 5HY4
£390K08/210.97 mi2, Sundew Close, Weymouth, Dorset DT4 7UD4
£525K12/200.97 mi53, Coombe Avenue, Weymouth, Dorset DT4 7TP4
£655K07/231 mi1, Stroudley Crescent, Preston, Weymouth, Dorset DT3 6NT4

Local Rents

50 rents from £575/mo to £2.8K/mo, average is £958/mo.

RentDateDistanceAddressBeds 
£95003/240.19 miPreston Road, Weymouth2
£1,45004/240.22 miOakbury Drive, Preston3
£95004/240.22 miEadon Close - Preston2
£87509/240.23 mi-2
£1,10004/240.25 miPreston, Weymouth2
£1,10005/240.25 miPreston, Weymouth2
£87503/240.25 miOakbury Drive, Weymouth, Dorset, DT32
£90003/240.27 miPreston2
£2,75011/230.3 mi-6
£1,40009/240.5 mi-3
£1,20003/240.53 miGentian Way,2
£1,25004/250.82 mi-3
£1,10005/240.86 miSymonds Close, Weymouth3
£77503/240.88 miLittlemoor Road, Weymouth, Dorset, DT3 6AF1
£1,10003/240.92 miCampion Close, Weymouth, Dorset, DT42
£95003/240.96 miSundew Close - Weymouth2
£1,00004/240.99 miLarkspur Close - Weymouth2
£77504/240.99 miCanberra Road, WEYMOUTH1
£1,00004/241.03 miLarkspur Close, Weymouth2
£85003/241.04 miMelcombe Avenue, WEYMOUTH2
£1,60003/251.16 mi-3
£60004/241.17 miJenner Way, Weymouth1
£1,10003/251.17 mi-2
£95005/241.18 miFerndale Road, Weymouth2
£98504/241.18 miCleveland House, Weymouth, DT42
£1,10004/241.18 miCleveland House, Weymouth, DT42
£96504/241.18 mi-2
£1,10005/241.18 mi-2
£1,20005/241.18 mi-2
£67503/241.19 miDorchester Road, Weymouth, Dorset, DT41
£90005/241.21 miDorchester Road, Weymouth2
£1,25004/241.22 miDorchester Road, Weymouth3
£85004/241.23 mi-2
£1,95003/241.25 mi-3
£87512/231.27 mi-1
£89001/251.27 mi-1
£1,35003/251.28 mi-4
£1,35005/241.28 miKings Road, Weymouth, Dorset, DT3 5ES3
£75003/241.31 miWeymouth1
£1,00003/241.31 miWeymouth2
£1,00004/241.31 miWeymouth2
£76003/241.31 mi-2
£80005/241.32 miPipit Close, Weymouth2
£82503/241.32 miGreenhill, Weymouth, Dorset, DT42
£79503/241.32 miGreenhill, Weymouth, Dorset, DT41
£70003/241.33 miCarlton Road North, Weymouth, Dorset, DT41
£1,10004/241.34 miGreenhill, Weymouth2
£69504/241.34 miGreenhill, WEYMOUTH1
£57503/241.34 miGreenhill, WEYMOUTH1
£60003/241.34 miDorchester Road, Weymouth1

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

1.50 miles away

Nearest school

0.60 miles away

Nearest train station

1.53 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £450,000

December 4, 2024

Listed for £525,000

July 19, 2024

Sold for £335,000

2007

Sold for £295,000

2006

Sold for £124,950

2000

Floor Plans

Description

A desirable, four-bedroom, detached family home, situated in Preston, a suburb of Weymouth, offers accommodation comprising two reception rooms, kitchen and separate utility room, four bedrooms with an en-suite to the main bedroom, bathroom and ground floor WC. The property requires gentle modernisation throughout and enjoys lovely sea views, an enclosed garden, garage and off-road parking to the front of the property. EPC rating TBC.

Situation - Preston is a suburb of Weymouth, approximately two miles north-east of Weymouth town centre and within walking distance of the beach. Close by, a range of water sport activities are available. Preston itself boasts a convenience store, Chalbury Food and Wine store and three public houses, The Bridge Inn, The Spice Ship and The Springhead. There is also a local church and primary school, a village hall, used for various activities and a doctors’ surgery.

Key Features - A door takes you through to the spacious entrance hallway of the property, with under-stair storage options and access offered to several rooms including the ground floor WC and utility room.

The sitting room has generous dimensions and features a central gas fireplace and sliding doors giving direct access to the rear garden.

The kitchen is fitted with a range of wall and base level units with worksurfaces over and breakfast bar area. Integral appliances include an eye-level oven and grill, four-ring gas hob with extractor hood above, dishwasher and fridge. The room is complete with tiled flooring and tiled splashback.

The dining room adds further living accommodation to the property, with an additional set of sliding doors providing direct access to the garden.

A set of stairs rise from the hallway, to the first floor where the bedrooms and family bathroom are situated.

All bedrooms at the property benefit from either a front or rear aspect window. The principal bedroom further benefits from a fitted wardrobe, en-suite shower room and beautiful sea views.

The family bathroom is furnished with a suite comprising a panel enclosed bath with shower attachment and WC. The room is finished with fully tiled walls and flooring.

Externally, the property enjoys an enclosed garden with southerly facing aspect and areas of patio and lawn. There a selection of timber and brick outbuildings. To the front, there is a driveway providing off-road parking and single garage to the side.

Flood Risk - Surface water - Medium risk of flooding.

Rivers and the sea - Very low risk of flooding.

Services - Mains electricity, water and drainage are connected. Gas fired central heating.

Local Authorities - Dorset Council
County Hall
Colliton Park Dorchester
Dorset
DT1 1XJ

Tel:

We are advised that the council tax band is D.

Viewings - Strictly by appointment with the sole agents:
Parkers Property Consultants and Valuers
Tel:

Agent Details

Parkers Property Consultants And Valuers, Dorchester

01305 232010

Next Steps?

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