3 Bed Terraced House, Refurb/BRRR, Weymouth, DT4 0AR, £235,000

95 Newstead Road, Weymouth, DT4 OAR - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£170K - £449K
Sold Prices/m²£1.9K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£239,700

 

 

End Value (After Refurb)

£249,483

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£15,150

Refurb Costs

£37,702

Bridging Loan Interest

£6,169

Total Cash In

£119,520

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,483

Mortgage (After Refinance)

£187,112

Mortgage LTV

75%

Cash Released

£10,862

Cash Left In

£108,658

Equity

£62,371

Rent Range

£825 - £1,800

Rent Estimate

£1,284

Running Costs/mo

£1,056

Cashflow/mo

£228

Cashflow/yr

£2,731

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £170K to £449K, average is £255.8K. £1.9K/m² to £5.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£275K11/200.04 mi116, Newstead Road, Weymouth, Dorset DT4 0AR3
£350K11/220.07 mi4, Milton Road, Weymouth, Dorset DT4 0AZ3
£275K11/200.09 mi27, Wedgwood Road, Weymouth, Dorset DT4 0GB3
£238K02/230.1 mi3, Holyrood Terrace, Weymouth, Dorset DT4 0BE3
£265K06/210.13 mi41e, Abbotsbury Road, Weymouth, Dorset DT4 0AQ3
£235K05/210.14 mi31, Newstead Road, Weymouth, Dorset DT4 0AT3
£232K03/210.14 mi33, Newstead Road, Weymouth, Dorset DT4 0AT3
£260K11/210.15 mi74, Wardcliffe Road, Weymouth, Dorset DT4 0HP3
£297K01/230.15 mi31, Newstead Road, Weymouth, Dorset DT4 0AT3
£257.5K06/210.16 mi18d, Highland Road, Weymouth, Dorset DT4 0BG3
£220K08/230.17 mi37, Cromwell Road, Weymouth, Dorset DT4 0JQ3
£332.5K12/220.18 mi43, Newstead Road, Weymouth, Dorset DT4 0AT3
£295K03/230.18 mi186, Newstead Road, Weymouth, Dorset DT4 0DY3
£235K11/200.18 mi186, Newstead Road, Weymouth, Dorset DT4 0DY3
£210K01/210.22 mi14, Granville Road, Weymouth, Dorset DT4 0BQ3
£243K08/230.22 mi2, Granville Road, Weymouth, Dorset DT4 0BQ3
£255.5K12/200.23 mi41a, Southview Road, Weymouth, Dorset DT4 0JD3
£285K06/230.23 mi41d, Southview Road, Weymouth, Dorset DT4 0JD3
£375K11/220.24 mi41, Longcroft Road, Weymouth, Dorset DT4 0PB3
£232.5K12/210.24 mi6, Franklin Road, Weymouth, Dorset DT4 0JR3
£170K12/200.24 mi10a, Barclay Road, Weymouth, Dorset DT4 0JB3
£288K05/230.24 mi10a, Barclay Road, Weymouth, Dorset DT4 0JB3
£320K12/200.25 mi14, Franklin Road, Weymouth, Dorset DT4 0JW3
£235K12/210.26 mi14, Newstead Road, Weymouth, Dorset DT4 8JE3
£232K04/210.27 mi65, Franklin Road, Weymouth, Dorset DT4 0JP3
£255K10/210.29 mi16, Emmadale Road, Weymouth, Dorset DT4 0LA3
£275K06/230.29 mi28, Emmadale Road, Weymouth, Dorset DT4 0LA3
£360K02/230.31 mi110, Knightsdale Road, Weymouth, Dorset DT4 0HX3
£308K11/200.31 mi104, Knightsdale Road, Weymouth, Dorset DT4 0HX3
£449K09/210.31 mi30, Goldcroft Road, Weymouth, Dorset DT4 0DZ3
£256.1K12/200.31 mi2, Goldcroft Road, Weymouth, Dorset DT4 0DZ3
£250K08/210.32 mi20, Marsh Road, Weymouth, Dorset DT4 8JD3
£230K04/210.32 mi10, Marsh Road, Weymouth, Dorset DT4 8JD3
£231K02/210.32 mi18, Marsh Road, Weymouth, Dorset DT4 8JD3
£235K08/210.32 mi1, Short Road, Weymouth, Dorset DT4 0LE3
£250K12/220.32 mi105, Corporation Road, Weymouth, Dorset DT4 0LG3
£290K03/230.33 mi10, Marsh Road, Weymouth, Dorset DT4 8JD3
£247.5K03/210.33 mi107, Knightsdale Road, Weymouth, Dorset DT4 0HU3
£245K01/210.34 mi7, Southview Road, Weymouth, Dorset DT4 0JE3
£270K06/230.34 mi83, Corporation Road, Weymouth, Dorset DT4 0LF3
£200K03/230.35 mi73, Southview Road, Weymouth, Dorset DT4 0JE3
£295K12/200.35 mi22, Heathwood Road, Weymouth, Dorset DT4 0PQ3
£250K02/230.37 mi16, Devon Road, Weymouth, Dorset DT4 0PH3
£232K08/210.37 mi6, Perth Street, Weymouth, Dorset DT4 0ND3
£265K11/220.37 mi64, Kitchener Road, Weymouth, Dorset DT4 0LL3
£270K12/220.39 mi13, Queensland Road, Weymouth, Dorset DT4 0LR3
£261K04/230.39 mi14, Queensland Road, Weymouth, Dorset DT4 0LR3
£216K04/230.39 mi1, Devon Road, Weymouth, Dorset DT4 0PH3
£210K02/230.41 mi6, Clifton Place, Weymouth, Dorset DT4 7DD3
£260K08/230.41 mi48, Chickerell Road, Weymouth, Dorset DT4 0BN3

Local Rents

11 rents from £825/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.07 miAbbotsbury Road, Weymouth3
£1,20005/240.07 miAbbotsbury Road, Weymouth3
£82503/240.11 miComing Soon - Close To Town3
£1,30003/240.13 miDoulton close, Weymouth3
£1,45003/240.43 miAlbert Street, Weymouth3
£1,30003/240.44 miPrince Of Wales Road, Weymouth3
£1,35003/240.47 miWeymouth3
£1,30003/240.53 miWalpole Street, Weymouth3
£1,80003/250.54 mi-3
£1,20012/240.55 mi-3
£1,20003/240.61 mi12 Lennox Street3

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

0.79 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £235,000

March 12, 2025

Listed for £250,000

November 5, 2024

Floor Plans

Description

  • Off Road Parking +
  • Close To Weymouth Marina & Harbour Area +
  • Close To Weymouth town Centre +
  • Close to Local Shops & Amenities +
  • Requires Updating Throughout +
  • Enclosed Rear Garden +
  • UPVC Double Glazed Windows +

A spacious three bedroom terraced house with off road parking to the front located in a convenient area with local shops close and a short walk from Weymouth Marina, Harbour Area, Town Centre and Esplanade. Internally the property offers ample and well proportioned accommodation although is in need of modernisation throughout

Entrance Hall -

Lounge - 3.71 x 3.26 (12'2" x 10'8") - Bay window, Fireplace

Dining Room - 4.05 x 2.90 (13'3" x 9'6") - Door to rear garden

Kitchen - 4.72 x 2.90 max l shaped (15'5" x 9'6" max l shape - Fitted with a range of units but ready for updating

Utility Room - 3.20 x 2.00 door to rear garden (10'5" x 6'6" door - In a poor state of repair, door to rear garden

Landing -

Bedroom 1 - 3.65 x 3.26 (11'11" x 10'8") -

Bedroom 2 - 4.05 x 2.91 (13'3" x 9'6") -

Bedroom 3 - 4.70 x 2.90 max l shaped (15'5" x 9'6" max l shape -

Bathroom - Fitted with suite comprising bath, wash hand basin and WC

Off Road Parking - Off road parking for one car to the front

Garden - enclosed rear garden with walled surround with patio area and raised border and small lawned area

Council Tax - Band B with Dorset Council

Construction - Traditionally built house with rendered or painted brick elevations under a pitched roof

Flood Risk - Rivers & sea no risk, surface water low risk

Phone And Broadband Signal Strength And Coverage - Vodafone & O2 signals are good, 3 & EE are average
TV, Sky & BT are available Virgin in not available
Broadband estimated standard 16 mbps superfast 80 mbps ultrafast 1000 mbps

Legal Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of
representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate. Any details including (but not limited to): lease details, service charges, ground rents & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

Agent Details

Hull Gregson Hull, Weymouth

01305 232000

Next Steps?

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