2 Bed Flat, Single Let, Weymouth, DT3 6RQ, £150,000

38A Castlemaine Road, Weymouth, Dorset, DT3 6RQ - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 4%
81 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

81 m²
Price/m²£1.9K/m²

Value Estimate

£180,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£800 - £1,300

Rent Estimate

£800

Running Costs/mo

£649

Cashflow/mo

£151

Cashflow/yr

£1,815

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £440K, average is £169.3K. £1.7K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£157.5K04/210.25 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£185K03/230.27 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£165K08/220.29 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£190K07/220.3 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£151K08/220.72 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£187K02/230.8 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£220K11/221.2 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£197K08/211.22 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£340K06/211.28 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£220K11/201.54 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£125K11/221.58 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£148K11/201.73 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£122.5K04/211.75 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£440K04/211.98 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£130K06/212.04 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/232.04 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£220K08/232.05 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£200K11/222.14 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£220K08/232.14 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/202.14 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/202.14 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£160K11/212.25 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£100K12/222.35 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/202.36 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/212.36 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/212.39 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£110K12/202.43 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£165K09/212.43 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£140K11/212.48 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£128K01/212.53 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£186K10/222.53 mi9, Fern Square, Chickerell, Weymouth, Dorset DT3 4NZ2
£207K11/202.59 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£195K03/232.61 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/212.61 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£122.5K02/212.64 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£360K06/212.67 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£190K04/212.69 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£157K02/212.71 miFlat 4, White Rose Court, East Street, Chickerell, Weymouth, Dorset DT3 4DS2
£153K03/212.73 mi30, Spiller Road, Chickerell, Weymouth, Dorset DT3 4AX2
£122.5K08/212.74 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£195K03/232.75 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/212.75 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£200K10/232.76 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/232.76 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£168.5K11/202.76 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/202.76 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/232.76 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£145K09/212.84 mi26a, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£124.5K04/212.84 mi28, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£320K04/232.91 miFlat 4, Dolphin Court, Bincleaves Road, Weymouth, Dorset DT4 8RT2

Local Rents

32 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,20003/240.33 miGentian Way,2
£80005/240.56 miPipit Close, Weymouth2
£1,05004/240.64 miThe Woodpeckers, Weymouth2
£80003/240.64 miKestrel View, Weymouth, DT3 5QZ2
£1,05003/240.65 miKestrel View, Weymouth2
£1,05003/240.71 miThe Finches, WEYMOUTH2
£1,00003/240.76 miReedling Close, Weymouth2
£87503/240.77 miOakbury Drive, Weymouth, Dorset, DT32
£87509/240.78 mi-2
£95004/240.8 miEadon Close - Preston2
£1,30004/250.82 mi-2
£90003/240.82 miPreston2
£1,00005/240.83 miCamedown Close, Weymouth2
£97503/240.84 miWeymouth2
£1,05003/250.87 mi-2
£95003/240.88 miPreston Road, Weymouth2
£1,05003/240.89 miMeadow View Road, Weymouth2
£1,10004/241.01 miPreston, Weymouth2
£1,10005/241.01 miPreston, Weymouth2
£1,10003/241.09 miWillerby Close, Weymouth, Dorset, DT32
£1,20003/241.12 miOld Station Road, Weymouth2
£95003/241.14 miSundew Close - Weymouth2
£1,10003/241.14 miCampion Close, Weymouth, Dorset, DT42
£80005/241.17 miDorchester Road, Weymouth, Dorset2
£1,00004/241.18 miLarkspur Close - Weymouth2
£1,00004/241.2 miLarkspur Close, Weymouth2
£1,05011/241.21 mi-2
£98504/241.22 miCleveland House, Weymouth, DT42
£1,10004/241.22 miCleveland House, Weymouth, DT42
£96504/241.22 mi-2
£1,10005/241.22 mi-2
£1,20005/241.22 mi-2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

1.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £150,000

November 8, 2024

Sold for £104,950

2005

Floor Plans

Description

  • Ground Floor Apartment +
  • Two Double Bedrooms +
  • Spacious Kitchen / Diner +
  • Light & Airy Lounge +
  • Modern Bathroom +
  • Store Room +
  • Double Glazing & Gas Central Heating +
  • Communal Gardens with Brick Built Shed +
  • Close to Local Shops & Amenities +
  • No Onward Chain +

Offered for sale, with no onward chain, is this well presented, ground floor apartment situated close by to amenities in the sought after residential location of Preston Downs. The accommodation comprises a good sized lounge, modern kitchen / diner, two double bedrooms, a modern bathroom and two storage cupboards. The property has been recently decorated throughout and further benefits from double glazing and gas central heating. Outside there are communal gardens which wrap around the building and a brick built storage shed.
   
From the communal entrance hallway, access is gained into the apartment and the reception hallway hosting doors to the two double bedrooms, kitchen, bathroom and two storage cupboards. The kitchen is fitted with a range of modern eye level and range units with ample space for domestic appliances including a cooker, fridge freezer and dishwasher, as well as a dining table. The kitchen has the added advantage of a pantry. From the kitchen the lounge is accessed.  This is a well proportioned room with a large double glazed window giving excellent natural light.   

The bedrooms are both double sized rooms with double glazed windows to the side aspect and are both neutrally decorated.  The bathroom is modern with a white suite comprising a panelled bath, pedestal wash hand basin and WC.   Externally, the apartment enjoys wrap around communal gardens which are laid to lawn.  An external brick built storage shed is another advantage of the property. 
  
The property is situated in the popular residential location of Preston Downs. Bus routes are close to hand providing access to surrounding areas including Weymouth Town and Seafront. It is also within easy access of Weymouth relief road giving access to the county town of Dorchester and beyond and the apartment is also within close proximity to a mainline station with routes to both London and Bristol. There is a local shopping centre approximately a quarter of a mile away which offers a range of local shops and amenities including a doctor's surgery.   

For further information, or to make an appointment to view this apartment, please contact Austin Estate Agents.  

The vendor informs us that the lease is 103 years in length.  The ground rent is £10.00 per annum.  The service charge for 2024 / 2025 is currently estimated at £1,252.02 per annum, which is paid bi-annually.

Agent Details

Austin Estate Agents, Weymouth

01305 858470

Next Steps?

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