3 Bed Bungalow, Refurb/BRRR, Weymouth, DT3 4DS, £475,000

10a East Street, Chickerell, Weymouth, Dorset DT3 4DS - 3 views - 5 months ago

Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£221K - £441K
Sold Prices/m²£2.3K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£311,326

 

 

End Value (After Refurb)

£342,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£37,753

Bridging Loan Interest

£12,469

Total Cash In

£197,421

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£342,500

Mortgage (After Refinance)

£256,875

Mortgage LTV

75%

Cash Left In

£197,421

Equity

£85,625

Rent Range

£1,250 - £1,400

Rent Estimate

£1,336

Running Costs/mo

£1,358

Cashflow/mo

£-22

Cashflow/yr

£-258

Gross Yield

3%

Local Sold Prices

39 sold prices from £221K to £441K, average is £288K. £2.3K/m² to £4.8K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£262.5K06/210.02 mi43, East Street, Chickerell, Weymouth, Dorset DT3 4DS3
£417K01/230.05 mi59, Lower Way, Chickerell, Weymouth, Dorset DT3 4AR3
£315K11/200.05 mi45, Lower Way, Chickerell, Weymouth, Dorset DT3 4AR3
£344K08/230.07 mi17, North Square, Chickerell, Weymouth, Dorset DT3 4DX3
£267K11/230.09 mi31, Higher End, Chickerell, Weymouth, Dorset DT3 4EQ3
£221K10/200.1 mi31, Higher End, Chickerell, Weymouth, Dorset DT3 4EQ3
£375K10/220.1 mi38, East Street, Chickerell, Weymouth, Dorset DT3 4DT3
£350K11/200.1 mi59, East Street, Chickerell, Weymouth, Dorset DT3 4DT3
£441K11/210.19 mi46, Rex Lane, Chickerell, Weymouth, Dorset DT3 4AY3
£270K03/230.19 mi33, Rex Lane, Chickerell, Weymouth, Dorset DT3 4AY3
£288K01/210.2 mi41, Spiller Road, Chickerell, Weymouth, Dorset DT3 4AX3
£302K09/210.21 mi62, Putton Lane, Chickerell, Weymouth, Dorset DT3 4LR3
£340K01/230.21 mi1, Spiller Road, Chickerell, Weymouth, Dorset DT3 4AX3
£240K06/230.22 mi36, Fairfield, Chickerell, Weymouth, Dorset DT3 4AU3
£283.5K06/210.23 mi5, Fishermans Close, Chickerell, Weymouth, Dorset DT3 4LU3
£250K06/210.23 mi7, Fishermans Close, Chickerell, Weymouth, Dorset DT3 4LU3
£255.5K10/200.25 mi3, Mariners Way, Chickerell, Weymouth, Dorset DT3 4LS3
£315K03/210.25 mi10, Lugger Close, Chickerell, Weymouth, Dorset DT3 4PJ3
£300K02/210.27 mi444, Chickerell Road, Chickerell, Weymouth, Dorset DT3 4DH3
£275K01/210.27 mi12, Lerrett Close, Chickerell, Weymouth, Dorset DT3 4LT3
£270K07/230.27 mi9, Lerrett Close, Chickerell, Weymouth, Dorset DT3 4LT3
£330K10/200.31 mi19, Courage Way, Chickerell, Weymouth, Dorset DT3 4FF3
£310K08/230.38 mi2, The Bindells, Chickerell, Weymouth, Dorset DT3 4BF3
£280K05/210.39 mi26, Plover Drive, Chickerell, Weymouth, Dorset DT3 4LZ3
£295K03/210.39 mi3, Plover Drive, Chickerell, Weymouth, Dorset DT3 4LZ3
£290K05/230.39 mi24, Plover Drive, Chickerell, Weymouth, Dorset DT3 4LZ3
£266K05/210.39 mi19, Plover Drive, Chickerell, Weymouth, Dorset DT3 4LZ3
£262.5K09/210.4 mi23, Elziver Close, Chickerell, Weymouth, Dorset DT3 4LN3
£241.5K01/210.41 mi36, Mohune Way, Chickerell, Weymouth, Dorset DT3 4NG3
£250K04/210.41 mi25, Mohune Way, Chickerell, Weymouth, Dorset DT3 4NG3
£288K03/210.44 mi37, Pugmill Lane, Chickerell, Weymouth, Dorset DT3 4PB3
£365K09/230.45 mi12, Pugmill Lane, Chickerell, Weymouth, Dorset DT3 4PB3
£255K06/230.46 mi29, Putton Lane, Chickerell, Weymouth, Dorset DT3 4AG3
£335K10/200.47 mi8, Putton Lane, Chickerell, Weymouth, Dorset DT3 4AG3
£265K04/210.48 mi8a, Browns Crescent, Chickerell, Weymouth, Dorset DT3 4AH3
£335K10/220.49 mi1, Kiln Terrace, Chickerell, Weymouth, Dorset DT3 4PD3
£328K03/210.77 mi1, Australia Road, Chickerell, Weymouth, Dorset DT3 4DD3
£250K07/210.86 mi4, Gloucester Close, Charlestown, Weymouth, Dorset DT4 9TN3
£230K06/230.89 mi7, Alexandra Road, Charlestown, Weymouth, Dorset DT4 9TL3

Local Rents

10 rents from £1.3K/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25003/240.09 miHigher End, Chickerell3
£1,25005/240.1 miChickerell, Weymouth Dorset3
£1,35003/240.19 miAnvil Close, Chickerell, Weymouth3
£1,37501/250.22 mi-3
£1,35012/240.22 mi-3
£1,30005/240.23 miFishermans Close, Chickerell3
£1,30003/240.25 miSchool Hill, Chickerell, WEYMOUTH3
£1,40003/240.26 miDunster Rise, Chickerell, Weymouth3
£1,35003/240.27 miChickerell Road, Chickerell, Weymouth3
£1,30003/240.28 miLerrett Close, CHICKERELL, Weymouth3

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

1.73 miles away

Nearest school

0.20 miles away

Nearest train station

2.20 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £475,000

November 18, 2024

Floor Plans

Description

  • Attractive individually built detached bungalow +
  • Stone and rendered elevations +
  • Convenient village centre location +
  • Impressive double aspect sitting/dining room +
  • Three bedrooms +
  • Bathroom and separate WC +
  • Extensive off road parking and detached garage +

A stone fronted detached bungalow conveniently situated close to local amenities in the heart of Chickerell village.

The Property - An attractive bungalow ideally situated within the heart of Chickerell village just a short walk to a range of local amenities. Built to the current owners specification the accommodation, whilst requiring some modernisation offers the ideal opportunity to acquire a substantial bungalow within this popular village.

Accommodation - The reception hall has a double store cupboard, a Vaillant gas boiler and linen cupboard. The main sitting/dining room enjoys a double aspect with bay window to the front, exposed stone curved feature wall with inset gas fire and double doors to the rear opening into a conservatory. The kitchen/breakfast room is fitted with a range of wall and floor cupboards with 6 ring range cooker, extractor hood and integrated fridge. A door leads into a rear porch with door to outside.

The main bedroom is a well proportioned double room with front aspect bay window. There are a further two double bedrooms and a family bathroom with bath and separate shower cubicle.

Outside - The front garden is lawned with shrub borders and a paved hardstanding area for off-road parking. A tarmac driveway to the side with stone archway leads to hardstanding and parking for several cars together with a detached garage and timber-built store with an original sauna. There is further tarmac hardstanding at the rear and a stone sun terrace.

Situation - Chickerell lies on the outskirts of the popular coastal town of Weymouth and close to the World Heritage Jurassic Coastline which includes the famous Chesil Beach which stretches along the coast to Lyme Regis. Chickerell is very much sought after particularly with families and young professionals with the area boasting a vibrant and active community as a wide range of amenities and facilities including both primary and secondary schools, a Morrisons local with Post Office, Village Hall, Library, Church, Chemist, two Public Houses, a Restaurant and Leisure centre with Gymnasium and 3G sports pitches. The World Heritage Jurassic Coastline is nearby with a network of footpaths which provide the opportunity to enjoy good coastal walks and breath-taking views along the Fleet Lagoon. Weymouth town centre can be found within 3 miles accessible by cycle lanes, local bus or car and provides a wider range of shopping facilities, eateries, as well as a sandy beach and picturesque inner harbour.

Directions - What3words///stitching.crawled.wolves

Services - Mains gas, electric, water and drainage. Gas fired central heating system.

Local Authority
Dorset Council

Broadband: Ultrafast is available in the area. Highest download speed 1000 Mbps
Mobile Phone: Network coverage is reported to be good indoors and out (Information from

Material Information - The property is found within a conservation area

Council Tax Band E
EPC: D

Agent Details

Symonds & Sampson, Poundbury

01307 498263

Next Steps?

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