6 Bed HMO, Weymouth, DT4 7QP £485,000

Hanover Road, Weymouth, DT4 7QP - 1 views - a year ago
Sold STC
HMO
ROI: 5%
~259 m²
Property image

ValuationUndervalued

Sold Prices£152.5K - £705K
Sold Prices/m²£1.4K/m² - £7K/m²

 

 

Square Metres

~259 m²
Price/m²£1.9K/m²

Value Estimate

£582,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£39,700

Total Cash In

£160,950

 

 

Cash Out

 

Room Rate

£624

Gross Rent

£3,744

Running Costs/mo

£3,021

Cashflow/mo

£723

Cashflow/yr

£8,678

ROI

5%

Gross Yield

9%

Local Sold Prices

47 sold prices from £152.5K to £705K, average is £390K. £1.4K/m² to £7K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£360K05/250.01 mi14, Hanover Road, Weymouth DT4 7QP4
£360K05/250.01 mi14, Hanover Road, Weymouth DT4 7QP4
£540K04/250.1 mi19, Alexandra Road, Weymouth DT4 7QQ4
£540K04/250.1 mi19, Alexandra Road, Weymouth DT4 7QQ4
£465K07/230.15 mi8, Westbourne Road, Weymouth, Dorset DT4 7QJ4
£300K02/230.23 mi15, Argyle Road, Weymouth, Dorset DT4 7LX4
£287.5K02/250.25 mi32, Cassiobury Road, Weymouth, Dorset DT4 7JN4
£365K09/230.31 mi17, Avenue Road, Weymouth, Dorset DT4 7JH4
£275K07/230.34 mi61, Walpole Street, Weymouth, Dorset DT4 7HJ4
£307K02/250.35 mi5, Avenue Road, Weymouth DT4 7JJ4
£500K06/210.4 mi9, Lynmoor Road, Weymouth, Dorset DT4 7TW4
£630K08/230.4 mi16, Lynmoor Road, Weymouth, Dorset DT4 7TW4
£310K12/210.41 mi8, Celandine Close, Weymouth, Dorset DT4 7RL4
£450K06/210.43 mi21, Goldcroft Avenue, Weymouth, Dorset DT4 0ET4
£445K11/210.45 mi2, Weymouth Bay Avenue, Weymouth, Dorset DT3 5AB4
£515K09/210.46 mi217, Dorchester Road, Weymouth, Dorset DT3 5EQ4
£685K08/230.46 mi227a, Dorchester Road, Weymouth, Dorset DT3 5EQ4
£390K08/210.47 mi2, Sundew Close, Weymouth, Dorset DT4 7UD4
£406K11/240.5 mi168, Dorchester Road, Weymouth DT3 5EF4
£475K02/250.54 mi1, Field Barn Drive, Weymouth DT4 0ED4
£275K03/230.56 mi16, Bath Street, Weymouth, Dorset DT4 7DS4
£265K05/230.56 mi21, Bath Street, Weymouth, Dorset DT4 7DS4
£152.5K05/210.56 mi4, Albert Street, Weymouth, Dorset DT4 7DL4
£380K11/220.59 mi7, Chafeys Avenue, Weymouth, Dorset DT4 0EQ4
£331K06/210.62 mi29, Holland Road, Weymouth, Dorset DT4 0AH4
£345K11/240.64 mi72, Spa Road, Weymouth DT3 5EW4
£420K11/220.64 mi8, Hornbeam Close, Weymouth, Dorset DT4 9UJ4
£660K11/220.66 mi59, Spa Road, Radipole, Weymouth, Dorset DT3 5EP4
£490K09/210.67 mi15, Ambleside, Weymouth, Dorset DT3 5HH4
£485K11/210.73 mi11, Laburnum Close, Weymouth, Dorset DT4 9UQ4
£400K12/220.75 mi14, Stavordale Road, Weymouth, Dorset DT4 0AB4
£705K07/230.8 mi63, Mount Pleasant Avenue South, Weymouth, Dorset DT3 5JF4
£435K03/250.8 mi64, Chafeys Avenue, Weymouth DT4 0EJ4
£435K03/250.8 mi64, Chafeys Avenue, Weymouth DT4 0EJ4
£460K12/240.8 mi21 Eden Park, 18, Mount Pleasant Avenue South, Weymouth DT3 5FQ4
£315K05/230.82 mi11, Cromwell Road, Weymouth, Dorset DT4 0JG4
£226K06/210.82 mi103, Abbotsbury Road, Weymouth, Dorset DT4 0JU4
£290K02/230.82 mi113, Abbotsbury Road, Weymouth, Dorset DT4 0JU4
£200K12/240.84 mi60, Sussex Road, Weymouth, Dorset DT4 0PN4
£336K06/210.91 mi149, Radipole Lane, Weymouth, Dorset DT4 0TF4
£425K12/220.91 mi151, Radipole Lane, Weymouth, Dorset DT4 0TF4
£400K05/210.92 mi61, Radipole Lane, Weymouth, Dorset DT4 9RR4
£300K12/240.94 mi179, Abbotsbury Road, Weymouth DT4 0LY4
£265.5K08/210.95 mi53, Corporation Road, Weymouth, Dorset DT4 0LJ4
£320K03/250.98 mi126, Knightsdale Road, Weymouth DT4 0HX4
£320K03/250.98 mi126, Knightsdale Road, Weymouth DT4 0HX4
£526K06/210.99 mi256, Dorchester Road, Weymouth, Dorset DT3 5AX4

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

0.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £485,000

December 1, 2024

Floor Plans

Property image

Description

  • Cul-De-Sac Location +
  • Ample Off Road Parking +
  • Rear Courtyard Garden +
  • Stones Throw To Radipole Gardens +
  • Close to Town Centre and Beach +
  • Substantial accommodation with multiple uses +
  • Attention HMO Investors +
  • Close to Transport Links +
  • Two En-Suites +
  • No Onward Chain +

Conveniently located in a quiet cul-de-sac in Lodmoor, this beautifully presented 8-bedroom end-of-terrace house offers a rare opportunity to acquire a substantial and versatile property. Whether you are looking for an HMO investment, space to convert into multiple flats or a large family home, this property ticks all the boxes. Upon entering, the discerning buyer is greeted by a versatile layout that can accommodate a range of living arrangements, making this an attractive prospect for those searching for a property with multiple potential uses. The generous footprint of the house lends itself well to both families and investors alike, especially those considering an HMO investment opportunity. Two en-suites enhance the property, ensuring a level of comfort and privacy that is highly sought after in today's property market. Additionally, the rear courtyard garden provides a tranquil outdoor space perfect for relaxation and entertaining. Situated just a stone's throw away from the picturesque Radipole Gardens, residents will enjoy easy access to the natural beauty that surrounds them. Furthermore, the property's proximity to the town centre and beach ensures that every-day amenities and leisure activities are always within reach, adding to the convenience of its location. This property is ideally situated near excellent public transport links, ensuring effortless commuting for work or leisure. Residents will enjoy the convenience and connectivity, making it easy to navigate the area and beyond. With the added benefit of no onward chain, this property presents a straightforward option for those looking to make a swift and hassle-free purchase. The absence of a chain ensures that the buying process can proceed smoothly, allowing the new owners to settle into their new home without delay. Living Room - 5.71 x 4.47 (18'8" x 14'7" )

Kitchen/Diner - 7.23 x3.56 (23'8" x11'8" )

Office/Gym - 4.60 x 2.54 (15'1" x 8'3")

Utility Room - 3.28 x 2.62 (10'9" x 8'7" )

Bedroom One - 3.91 x 2.96 (12'9" x 9'8")

Bedroom Two - 4.37 x 3.25 (14'4" x 10'7")

Bedroom Three - 4.80 x 4.52 (15'8" x 14'9") -

Bedroom Four - 4.17 x 3.91 (13'8" x 12'9" )

Bedroom Five - 3.85 x 2.62 (12'7" x 8'7")

Bedroom 6 Guest Suite - 3.05 x 3.02 (10'0" x 9'10")

Playroom - 3.87 x2.67 (12'8" x8'9") -

Study - 2.62 x 2.56 (8'7" x 8'4")

Second Lounge - 3.57 x 3.49 (11'8" x 11'5")

EPC Rating: D

Agent Details

Sharp Sales & Lettings, Covering Weymouth

01305 237620

Next Steps?

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