2 Bed Flat, Single Let, Weymouth, DT3 6JD, £178,000

Oakbury Drive, Weymouth, DT3 6JD - 4 months ago

BTL
ROI: 3%
~68 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£199,773
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£44,500

Stamp Duty & Legal Fees

£10,100

Total Cash In

£54,600

 

 

Cash Out

 

Rent Range

£875 - £1,200

Rent Estimate

£881

Running Costs/mo

£752

Cashflow/mo

£129

Cashflow/yr

£1,543

ROI

3%

Gross Yield

6%

Local Sold Prices

48 sold prices from £100K to £440K, average is £173.8K. £1.7K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£187K02/230.05 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£190K07/220.55 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£157.5K04/210.62 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£165K08/221 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£185K03/231.04 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£220K11/201.45 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£197K08/211.49 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£151K08/221.49 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£340K06/211.61 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£148K11/201.65 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£125K11/221.69 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£122.5K04/211.7 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£220K11/221.92 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£130K06/212.03 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/232.03 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£220K08/232.03 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£440K04/212.11 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£220K08/232.18 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£200K11/222.18 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/202.18 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/202.18 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£160K11/212.32 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£100K12/222.35 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/212.37 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/202.37 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/212.4 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£110K12/202.43 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£207K11/202.44 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£195K03/232.46 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/212.46 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£360K06/212.52 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£122.5K02/212.57 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£140K11/212.6 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£190K04/212.63 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£200K10/232.63 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/232.63 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£168.5K11/202.63 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/202.63 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/232.63 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£165K09/212.67 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£128K01/212.68 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£122.5K08/212.69 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£195K03/232.69 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/212.69 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£320K04/232.77 miFlat 4, Dolphin Court, Bincleaves Road, Weymouth, Dorset DT4 8RT2
£172.5K03/212.8 miFlat 11, Belle Vue Court, Belle Vue Road, Weymouth, Dorset DT4 8SA2
£222K11/202.94 mi35, Cross Road, Weymouth, Dorset DT4 9QX2
£250K05/232.94 mi39, Cross Road, Weymouth, Dorset DT4 9QX2

Local Rents

11 rents from £875/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£87503/240 miOakbury Drive, Weymouth, Dorset, DT32
£87509/240.02 mi-2
£95004/240.05 miEadon Close - Preston2
£90003/240.05 miPreston2
£95003/240.15 miPreston Road, Weymouth2
£1,10004/240.37 miPreston, Weymouth2
£1,10005/240.37 miPreston, Weymouth2
£1,20003/240.47 miGentian Way,2
£1,10003/241.16 miCampion Close, Weymouth, Dorset, DT42
£95003/241.2 miSundew Close - Weymouth2
£1,00004/241.23 miLarkspur Close - Weymouth2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

1.73 miles away

Nearest school

0.40 miles away

Nearest train station

1.56 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £178,000

March 24, 2025

Price changed to £185,000

March 4, 2025

Listed for £195,000

December 13, 2024

Floor Plans

Description

  • Preston +
  • No Onward Chain +
  • Two Double Bedrooms +
  • Upper Floor Apartment with Loft Storage +
  • Garage +
  • Communal Gardens +
  • Close to Overcombe Beach +
  • Service Charge £500 p.a. +

The property is located in Preston, which is considered a popular Suburb of Weymouth just moments from Overcombe Beach, the local coastal path, local amenities and local bus route into Weymouth Town and Dorchester.

This upper floor apartment is situated within a purpose built block with communal entrance with security entry phone giving access into a communal hall with stairs to all floors. Located on the second floor the apartment offers well proportioned accommodation with spacious lounge, kitchen, two double bedrooms and shower room.

Outside the property Is surrounded by well kept communal gardens, with a communal drying area, residents parking and private garage. 

LOUNGE 17' 8" x 11' 10" (5.38m x 3.61m)  

KITCHEN 13' 3" x 9' 5" (4.04m x 2.87m)  

BEDOOM 9' 11" x 8' 5" (3.02m x 2.57m)  

BEDROOM 11' 10" x 9' 5" (3.61m x 2.87m)  

SHOWER ROOM  

GARAGE  

We have been informed by the vendor that the property benefits from a share of the freehold, 939 years remaining on the lease and an annual service charge is £500 per annum.

We would recommend that all Lease information is clarified via a legal representative. 

Property Type: Upper Floor Purpose Built Apartment
Property construction: Standard
Mains Electricity
Mains Water & Sewage: Supplied by Wessex Water
Heating: Electric

Broadband Networks in the area
Openreach, Jurassic Fibre

Superfast Fibre Broadband, Standard Broadband

Mobile Network Availability in this area
O2
Three
Vodafone
EE

We recommend checking Broadband speeds via Ofcom Checker

We recommend checking Mobile phone coverage via Ofcom Checker

Agent Details

Martin & Co, Weymouth

01305 232528

Next Steps?

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