3 Bed Detached House, Refurb/BRRR, Weymouth, DT3 5ES, £300,000

Kings Road, Weymouth, DT3 5ES - 1 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£223K - £462K
Sold Prices/m²£2.5K/m² - £8.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£313,504

 

 

End Value (After Refurb)

£303,378

Uplift in Value

+-7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£37,753

Bridging Loan Interest

£7,875

Total Cash In

£137,078

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£303,378

Mortgage (After Refinance)

£227,534

Mortgage LTV

75%

Cash Released

£2,534

Cash Left In

£134,544

Equity

£75,845

Rent Range

£825 - £1,950

Rent Estimate

£1,294

Running Costs/mo

£1,227

Cashflow/mo

£67

Cashflow/yr

£806

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £223K to £462K, average is £325K. £2.5K/m² to £8.7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£270K11/230.03 mi35, Kings Road, Weymouth, Dorset DT3 5ES3
£250K07/230.05 mi3, Spa Road, Radipole, Weymouth, Dorset DT3 5EN3
£352K03/210.05 mi19, Spa Road, Radipole, Weymouth, Dorset DT3 5EN3
£340K04/210.09 mi15, Coronation Road, Weymouth, Dorset DT3 5ET3
£223K06/210.09 mi46, Coronation Road, Radipole, Weymouth, Dorset DT3 5ET3
£300K06/230.09 mi46, Coronation Road, Radipole, Weymouth, Dorset DT3 5ET3
£325K12/220.09 mi13, Coronation Road, Radipole, Weymouth, Dorset DT3 5ET3
£300K11/220.09 mi33, Kings Road, Weymouth, Dorset DT3 5ES3
£350K12/220.12 mi68, Spa Road, Radipole, Weymouth, Dorset DT3 5EW3
£380K03/230.12 mi1, Waverley Road, Weymouth, Dorset DT3 5EB3
£383K03/230.12 mi8, Waverley Road, Weymouth, Dorset DT3 5EB3
£447K12/220.13 mi21, Roman Road, Weymouth, Dorset DT3 5JQ3
£260K06/210.17 mi2d, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£260K06/210.17 mi2d, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£459K09/220.18 mi17, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£462K04/230.2 mi2, Grasmere Road, Weymouth, Dorset DT3 5HB3
£300K12/220.21 mi25, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£400K06/210.23 mi47, Icen Road, Weymouth, Dorset DT3 5JL3
£312.5K05/210.25 mi19, Lodmoor Avenue, Weymouth, Dorset DT3 5AF3
£375K06/210.26 mi7, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AE3
£370K04/230.26 mi23, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AE3
£275K05/230.26 mi9, Milton Terrace, Weymouth, Dorset DT4 7LY3
£283K05/230.29 mi23, Mount Pleasant Avenue South, Weymouth, Dorset DT3 5JF3
£372.5K04/210.29 mi23, St Andrews Avenue, Weymouth, Dorset DT3 5JS3
£350K07/230.29 mi18, St Andrews Avenue, Weymouth, Dorset DT3 5JS3
£370K11/200.3 mi46, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AB3
£371.5K02/230.3 mi39, St Andrews Avenue, Weymouth, Dorset DT3 5JS3
£255K08/210.31 mi1, Cleveland Avenue, Weymouth, Dorset DT4 7RD3
£255K09/210.31 mi43, Southfield Avenue, Weymouth, Dorset DT4 7ND3
£275K04/230.31 mi30, Southfield Avenue, Weymouth, Dorset DT4 7ND3
£290K05/230.31 mi51, Southfield Avenue, Weymouth, Dorset DT4 7ND3
£305K08/230.31 mi49, Southfield Avenue, Weymouth, Dorset DT4 7ND3
£397K06/210.33 mi2, Ambleside, Weymouth, Dorset DT3 5HH3
£407.5K06/210.35 mi16, Beaumont Avenue, Weymouth, Dorset DT4 7RF3
£240K12/210.35 mi26, Ferndale Road, Weymouth, Dorset DT4 7QZ3
£250K01/210.38 mi7, Princes Drive, Weymouth, Dorset DT4 7UQ3
£310K08/230.38 mi33, Princes Drive, Weymouth, Dorset DT4 7UQ3
£298K07/230.38 mi21, Princes Drive, Weymouth, Dorset DT4 7UQ3
£251K08/230.38 mi65, Princes Drive, Weymouth, Dorset DT4 7UQ3
£320K06/210.39 mi8, Symonds Close, Weymouth, Dorset DT3 5HY3
£403K09/230.39 mi38, Symonds Close, Weymouth, Dorset DT3 5HY3
£280K05/230.4 mi11, Dale Avenue, Weymouth, Dorset DT4 7RB3
£340K07/230.4 mi8, Dale Avenue, Weymouth, Dorset DT4 7RB3
£377.5K04/210.41 miManor View, Manor Road, Weymouth, Dorset DT3 5HR3
£256K04/210.42 mi6, Southfield Avenue, Weymouth, Dorset DT4 7QN3
£340K02/210.47 mi64, Beaumont Avenue, Weymouth, Dorset DT4 7RG3
£396K12/200.48 mi7d, Caledonian Close, Weymouth, Dorset DT4 7QW3
£405K12/220.5 mi45, Grove Avenue, Weymouth, Dorset DT4 7RJ3
£357.5K09/230.5 mi32, Greenway Road, Weymouth, Dorset DT3 5BE3
£330K12/200.51 mi37, Grove Avenue, Weymouth, Dorset DT4 7RJ3
£320K03/210.51 mi57, Grove Avenue, Weymouth, Dorset DT4 7RJ3

Local Rents

22 rents from £825/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.04 miKings Road, Weymouth, Dorset, DT3 5ES3
£1,25004/240.08 miDorchester Road, Weymouth3
£1,60003/250.13 mi-3
£1,10005/240.43 miSymonds Close, Weymouth3
£1,60004/240.56 miDorchester Road, Weymouth3
£1,27505/240.59 miKenilworth, Weymouth3
£1,40004/250.75 mi-3
£1,80003/250.83 mi-3
£1,95003/240.84 mi-3
£1,30003/240.85 miWalpole Street, Weymouth3
£1,20003/240.87 mi12 Lennox Street3
£1,30003/240.89 miVictoria Street, Weymouth3
£1,20012/240.92 mi-3
£85004/240.96 miWeymouth3
£1,30003/241.07 miDoulton close, Weymouth3
£1,45005/241.07 miCourt Road, Weymouth3
£1,45003/241.1 miAlbert Street, Weymouth3
£1,25004/251.1 mi-3
£82503/241.13 miComing Soon - Close To Town3
£1,40005/241.16 miWeymouth3
£1,20005/241.17 miAbbotsbury Road, Weymouth3
£1,20005/241.17 miAbbotsbury Road, Weymouth3

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.37 miles away

Nearest school

0.50 miles away

Nearest train station

0.97 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £300,000

December 12, 2024

Listed for £325,000

November 26, 2024

Floor Plans

Description

  • Garage and Parking +
  • Westerly Garden +
  • No Onward Chain +
  • Cloakroom +
  • Radipole, Weymouth +
  • Two Reception Rooms +
  • Period Features +
  • Detached Family Home +

Discover this three bedroom, two reception room DETACHED house with GARAGE and WESTERLY FACING GARDEN being sold with NO ONWARD CHAIN in the popular location of RADIPOLE. The property requires some modernisation creating a blank canvas for any new buyer whilst being within close proximity to a great selection of amenities including supermarkets, schools and bus service.

The home boasts charming red brick frontage with feature bay windows adding character; A brick-built wall offers a subtle barrier to the home, imposing a traditional feel.

Beyond, a porch space provides convenience, granting entry to the property. The downstairs accommodation enjoys the generous proportions of a period home with the living room occupying the front of the home - bay window and high ceilings accentuate the light. A separate dining space is found advantageously adjacent to the kitchen with scope in abundance to modernise. Cloakroom and storage complete the ground floor with access to the rear garden.

The first floor enjoys well proportioned bedrooms and family bathroom. Bedroom One occupies the front of the home, a spacious double amplified by bay window with family bathroom adjacent. Bedroom Two enjoys similar proportions as a comfortable double room with the first floor finished by a spacious single room in bedroom three.

Externally, the property enjoys a mature westerly garden with an initial patio area and space for an array of plants and furniture to optimise the evening sun. A shared driveway is access via the side with parking in front of a spacious garage.

The home is situated in the heart of Radipole with its vast range of amenities nearby as well as bus routes at just a short walk.

Lounge - 3.55 x 3.54 + bay (11'7" x 11'7" + bay) -

Dining Room - 3.25 x 3.09 (10'7" x 10'1") -

Kitchen - 2.3 x 2.12 (7'6" x 6'11") -

Cloakroom -

Bedroom One - 3.55 x 3.55 + bay (11'7" x 11'7" + bay) -

Bedroom Two - 3.25 x 3.11 (10'7" x 10'2" ) -

Bedroom Three - 2.32 x 2.31 (7'7" x 7'6") -

Bathroom -

Agent Details

Wilson Tominey Estate Agents, Weymouth

01305 232448

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪