3 Bed Semi-Detached House, Refurb/BRRR, Weymouth, DT3 5RL, £310,000

Weymouth, DT3 5RL - 2 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£223K - £462K
Sold Prices/m²£2.3K/m² - £8.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.3K/m²

Value Estimate

£312,818

 

 

End Value (After Refurb)

£311,209

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£13,500

Refurb Costs

£37,753

Bridging Loan Interest

£8,138

Total Cash In

£138,640

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£311,209

Mortgage (After Refinance)

£233,407

Mortgage LTV

75%

Cash Released

£907

Cash Left In

£137,734

Equity

£77,802

Rent Range

£1,100 - £1,600

Rent Estimate

£1,353

Running Costs/mo

£1,263

Cashflow/mo

£90

Cashflow/yr

£1,078

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £223K to £462K, average is £340K. £2.3K/m² to £8.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£290.2K12/220.02 mi26, Kimmeridge Close, Weymouth, Dorset DT3 5RL3
£267.5K11/200.07 mi18, Holme Close, Weymouth, Dorset DT3 5RW3
£300K08/210.07 mi23, Holme Close, Weymouth, Dorset DT3 5RW3
£377.5K04/210.25 miManor View, Manor Road, Weymouth, Dorset DT3 5HR3
£425K05/230.3 mi12, Stirling Road, Weymouth, Dorset DT3 5AY3
£360K06/210.31 mi2b, Lancaster Road, Weymouth, Dorset DT3 5BB3
£283K05/230.32 mi23, Mount Pleasant Avenue South, Weymouth, Dorset DT3 5JF3
£357.5K09/230.36 mi32, Greenway Road, Weymouth, Dorset DT3 5BE3
£400K06/210.39 mi47, Icen Road, Weymouth, Dorset DT3 5JL3
£397K06/210.48 mi2, Ambleside, Weymouth, Dorset DT3 5HH3
£447K12/220.49 mi21, Roman Road, Weymouth, Dorset DT3 5JQ3
£350K12/220.49 mi68, Spa Road, Radipole, Weymouth, Dorset DT3 5EW3
£370K08/210.53 mi481, Dorchester Road, Weymouth, Dorset DT3 5BW3
£462K04/230.57 mi2, Grasmere Road, Weymouth, Dorset DT3 5HB3
£250K07/230.58 mi3, Spa Road, Radipole, Weymouth, Dorset DT3 5EN3
£352K03/210.58 mi19, Spa Road, Radipole, Weymouth, Dorset DT3 5EN3
£365K08/230.59 mi75, Radipole Lane, Weymouth, Dorset DT4 9RS3
£385K06/210.6 mi21, Sycamore Road, Weymouth, Dorset DT4 9UF3
£400K03/230.64 mi28, Sutcliffe Avenue, Weymouth, Dorset DT4 9SA3
£270K11/230.64 mi35, Kings Road, Weymouth, Dorset DT3 5ES3
£300K11/220.66 mi33, Kings Road, Weymouth, Dorset DT3 5ES3
£340K04/210.67 mi15, Coronation Road, Weymouth, Dorset DT3 5ET3
£223K06/210.67 mi46, Coronation Road, Radipole, Weymouth, Dorset DT3 5ET3
£300K06/230.67 mi46, Coronation Road, Radipole, Weymouth, Dorset DT3 5ET3
£325K04/210.68 mi12, Broadlands Road, Weymouth, Dorset DT3 5DG3
£275K06/210.68 mi7, Broadlands Road, Weymouth, Dorset DT3 5DG3
£317.5K11/210.68 mi3, Hammond Avenue, Weymouth, Dorset DT4 9SB3
£350K05/230.68 mi14, Hammond Avenue, Radipole, Weymouth, Dorset DT4 9SB3
£325K12/220.68 mi13, Coronation Road, Radipole, Weymouth, Dorset DT3 5ET3
£275K11/200.69 mi1b, Court Road, Weymouth, Dorset DT3 5DQ3
£425K02/230.69 mi3, Court Road, Weymouth, Dorset DT3 5DQ3
£260K06/210.71 mi2d, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£260K06/210.71 mi2d, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£459K09/220.72 mi17, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£380K03/230.73 mi1, Waverley Road, Weymouth, Dorset DT3 5EB3
£383K03/230.73 mi8, Waverley Road, Weymouth, Dorset DT3 5EB3
£300K12/220.73 mi25, Monmouth Avenue, Weymouth, Dorset DT3 5JW3
£372.5K04/210.74 mi23, St Andrews Avenue, Weymouth, Dorset DT3 5JS3
£350K07/230.74 mi18, St Andrews Avenue, Weymouth, Dorset DT3 5JS3
£371.5K02/230.74 mi39, St Andrews Avenue, Weymouth, Dorset DT3 5JS3
£280K10/210.76 mi143, Faversham, Weymouth, Dorset DT4 9SL3
£330K05/230.76 mi153, Faversham, Weymouth, Dorset DT4 9SL3
£295K04/230.76 mi152, Faversham, Weymouth, Dorset DT4 9SL3
£345K07/230.76 mi142, Faversham, Weymouth, Dorset DT4 9SL3
£300K01/230.8 mi68, Carisbrooke, Weymouth, Dorset DT4 9SH3
£312.5K05/210.8 mi19, Lodmoor Avenue, Weymouth, Dorset DT3 5AF3
£300K03/230.82 mi77, Kenilworth, Weymouth, Dorset DT4 9SJ3
£280K05/230.83 mi22, Beaulieu, Southill, Weymouth, Dorset DT4 9SQ3
£375K06/210.84 mi7, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AE3
£370K04/230.84 mi23, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AE3
£275K05/230.86 mi9, Milton Terrace, Weymouth, Dorset DT4 7LY3

Local Rents

13 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.23 miDorchester Road, Weymouth3
£1,40003/250.59 mi-3
£1,25004/240.6 miDorchester Road, Weymouth3
£1,35005/240.64 miKings Road, Weymouth, Dorset, DT3 5ES3
£1,60003/250.66 mi-3
£1,45005/240.66 miCourt Road, Weymouth3
£1,40005/240.74 miWeymouth3
£1,27505/240.82 miKenilworth, Weymouth3
£1,10005/240.91 miSymonds Close, Weymouth3
£1,50003/240.92 miBridlebank Way, Weymouth3
£1,30005/241.05 miReedling Close, Littlemoor3
£1,25004/251.1 mi-3
£1,30003/241.16 miWestlake Close, Weymouth3

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.89 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £310,000

November 27, 2024

Floor Plans

Description

  • Semi-Detached Home +
  • 3 Bedrooms +
  • Generous Living Space +
  • Garage & Driveway +
  • No Onward Chain +

SEMI-DETACHED FAMILY HOME OFFERED FOR SALE WITH NO ONWARD CHAIN

Set within a cul-de-sac in a popular residential area, within close proximity of local amenities and schools, this semi-detached family home requires modernisation throughout but presents a superb opportunity to acquire a home that you can 'make your own' and is offered for sale with no onward chain.

There is a generous living room with an opening leading to a separate dining room and both spaces afford ample room for furniture. The kitchen offers a range of wall and base units under worktops, allowing space for free standing domestic appliances and there is a door leading out onto the garden.

Upstairs there are 3 bedrooms, bedrooms 2 and 3 benefit from built in storage cupboards. The family bathroom features a bath, hand wash basin and w/c. The property benefits further from gas fired central heating and double glazing.

The front garden is predominantly laid to lawn with planted shrubs to the borders. A driveway runs down the side of the property leading to a single garage. The rear garden features a patio immediately abutting the property and the remainder is laid to lawn with planted shrubs and hedges.
Additional Information
Tenure: Freehold
Parking: Single Garage & Driveway
Utilities:
Mains Electricity
Mains Gas
Mains Water - metered
Drainage: Mains Drainage
Broadband: Refer to ofcom website
Mobile Signal: Refer to ofcom website
Flood Risk: For more information refer to gov.uk, check long term flood risk

Council Tax Band: C
Living Room 4.06m (13'4) x 3.75m (12'4)

Dining Room 3.34m (10'11) x 2.38m (7'10)

Kitchen 3.35m (11') x 2.26m (7'5)

Bedroom 1 4.8m (15'9) x 2.64m (8'8)

Bedroom 2 2.95m (9'8) x 2.74m (9')

Bedroom 3 3.01m (9'11) x 1.95m (6'5)

Bathroom 1.85m (6'1) x 1.84m (6'0)

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.
These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.
Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.
VIEWING
Strictly through the vendors agents Goadsby

Agent Details

Goadsby, Weymouth

01305 231989

Next Steps?

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