2 Bed Flat, Single Let, Weymouth, DT3 5EE, £188,000

Waverley Road, Weymouth, DT3 5EE - 5 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£196,429
BMV1%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,000

Stamp Duty & Legal Fees

£7,050

Total Cash In

£54,050

 

 

Cash Out

 

Rent Range

£760 - £1,200

Rent Estimate

£906

Running Costs/mo

£789

Cashflow/mo

£117

Cashflow/yr

£1,408

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £440K, average is £170K. £1.7K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£197K08/210.01 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£340K06/210.17 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£125K11/220.42 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£220K11/200.66 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£122.5K04/210.72 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£148K11/200.75 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£440K04/210.75 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£130K06/210.91 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/230.91 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£220K08/230.92 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£200K11/220.95 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£220K08/230.95 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/200.96 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/200.96 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£160K11/211.04 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£100K12/221.17 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/201.18 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/211.18 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/211.21 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£220K11/221.21 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£165K09/211.21 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£110K12/201.25 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£140K11/211.26 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£151K08/221.29 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£128K01/211.29 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£185K03/231.33 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£157.5K04/211.43 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£190K07/221.43 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£165K08/221.45 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£187K02/231.47 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£122.5K02/211.51 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£207K11/201.53 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£195K03/231.54 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/211.54 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£190K04/211.55 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£122.5K08/211.59 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£360K06/211.59 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£195K03/231.6 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/211.6 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£145K09/211.62 mi26a, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£124.5K04/211.62 mi28, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£168.5K11/201.67 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/201.67 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/231.67 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£200K10/231.67 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/231.67 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£186K10/221.69 mi9, Fern Square, Chickerell, Weymouth, Dorset DT3 4NZ2
£160K05/211.75 mi1, Lincoln Road, Weymouth, Dorset DT4 0HQ2
£222K11/201.75 mi35, Cross Road, Weymouth, Dorset DT4 9QX2
£250K05/231.75 mi39, Cross Road, Weymouth, Dorset DT4 9QX2

Local Rents

20 rents from £760/mo to £1.2K/mo, average is £993/mo.

RentDateDistanceAddressBeds 
£96504/240.14 mi-2
£1,10005/240.14 mi-2
£1,20005/240.14 mi-2
£98504/240.14 miCleveland House, Weymouth, DT42
£1,10004/240.14 miCleveland House, Weymouth, DT42
£1,10003/250.21 mi-2
£90005/240.23 miDorchester Road, Weymouth2
£95005/240.24 miFerndale Road, Weymouth2
£85004/240.31 mi-2
£1,00004/240.35 miLarkspur Close, Weymouth2
£76003/240.36 mi-2
£95003/240.38 miSundew Close - Weymouth2
£1,00004/240.39 miLarkspur Close - Weymouth2
£1,00003/240.45 miWeymouth2
£1,00004/240.45 miWeymouth2
£1,10003/240.45 miCampion Close, Weymouth, Dorset, DT42
£92502/250.46 mi-2
£95003/240.55 miGlendinning Avenue, Weymouth2
£1,00003/240.55 miComing Soon - Lodmoor2
£95004/240.6 miWeymouth2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.28 miles away

Nearest school

0.50 miles away

Nearest train station

0.84 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £188,000

February 20, 2025

Listed for £195,000

October 30, 2024

Floor Plans

Description

  • Owner-Occupied Residence +
  • No Onward Chain +
  • Garage +
  • Ground Floor Apartment +
  • Two Double Bedrooms +
  • Lodmoor +
  • On A Bus Route +
  • Amenities Nearby +

An opportunity to acquire a GROUND FLOOR apartment within an OWNER-OCCUPIED RESIDENCE boasting a GARAGE and TWO DOUBLE BEDROOMS in LODMOOR. Presented with NO ONWARD CHAIN, the property is stationed within easy reach to an array of amenities including various supermarkets and shops with a regular bus service serving Weymouth and Dorchester.

Upon entering, the hallway creates an immediate sense of space, benefiting numerous useful storage cupboards with access leading to all rooms.

The lounge is positioned to the front of the property being a bright and airy space offering generous proportions with ample living and dining space. The kitchen benefits a breakfast bar and seating area with a good selection of eye and base units with built in oven, hob and space for white goods.

The two bedrooms are great size double bedrooms both with either built in or fitted storage overlooking the communal garden to the rear.

Finishing the accommodation is the bathroom with pedestal wash hand basin, bath with shower over, w/c and full height tiling surround.

Externally the apartment is sat within communal lawns with a garage in a block.

Lounge - 4.96 x 3.93 (16'3" x 12'10") -

Kitchen - 3.67 max x 2.21 (12'0" max x 7'3") -

Bedroom One - 4.02 x 3.21 (13'2" x 10'6") -

Bedroom Two - 4.92 max x 2.15 (16'1" max x 7'0") -

Lease & Maintenance Information - The vendor informs us that there is a 999 year lease with 948 years remaining, the service charge is £1299 per annum which includes the buildings insurance, no letting is permitted and no pets.

We recommend details are verified by your solicitor before incurring any additional costs.

Agent Details

Wilson Tominey Estate Agents, Weymouth

01305 232448

Next Steps?

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