2 Bed Flat, Single Let, Weymouth, DT3 6JE, £180,000

211D Oakbury Drive, Weymouth, DT3 6JE - 4 months ago

BTL
ROI: 3%
~68 m²
+8 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
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£850 - £1,200

Rent Estimate

£875

Running Costs/mo

£758

Cashflow/mo

£118

Cashflow/yr

£1,410

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 
£187K02/230.02 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£190K07/220.57 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£157.5K04/210.64 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£165K08/221.01 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£185K03/231.05 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£220K11/201.41 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£197K08/211.46 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£151K08/221.49 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£340K06/211.58 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£148K11/201.6 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£125K11/221.65 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£122.5K04/211.66 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£220K11/221.92 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£130K06/211.99 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/231.99 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£220K08/231.99 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£440K04/212.07 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£220K08/232.14 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£200K11/222.14 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/202.14 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/202.14 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£160K11/212.28 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£100K12/222.31 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/212.33 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/202.33 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/212.36 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£110K12/202.39 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£207K11/202.39 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£195K03/232.42 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/212.42 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£360K06/212.48 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£122.5K02/212.53 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£140K11/212.56 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£190K04/212.58 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£200K10/232.59 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/232.59 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£168.5K11/202.59 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/202.59 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/232.59 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£165K09/212.63 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£128K01/212.64 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£122.5K08/212.64 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£195K03/232.65 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/212.65 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£320K04/232.72 miFlat 4, Dolphin Court, Bincleaves Road, Weymouth, Dorset DT4 8RT2
£172.5K03/212.75 miFlat 11, Belle Vue Court, Belle Vue Road, Weymouth, Dorset DT4 8SA2
£222K11/202.9 mi35, Cross Road, Weymouth, Dorset DT4 9QX2
£250K05/232.9 mi39, Cross Road, Weymouth, Dorset DT4 9QX2

Local Rents

13 rents from £850/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95004/240.02 miEadon Close - Preston2
£87509/240.03 mi-2
£87503/240.04 miOakbury Drive, Weymouth, Dorset, DT32
£90003/240.06 miPreston2
£95003/240.12 miPreston Road, Weymouth2
£1,10004/240.33 miPreston, Weymouth2
£1,10005/240.33 miPreston, Weymouth2
£1,20003/240.48 miGentian Way,2
£1,10003/241.13 miCampion Close, Weymouth, Dorset, DT42
£95003/241.17 miSundew Close - Weymouth2
£1,00004/241.19 miLarkspur Close - Weymouth2
£1,00004/241.23 miLarkspur Close, Weymouth2
£85003/241.24 miMelcombe Avenue, WEYMOUTH2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

1.70 miles away

Nearest school

0.50 miles away

Nearest train station

1.57 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £180,000

February 8, 2025

Listed for £190,000

December 20, 2024

Floor Plans

Description

  • Two Bedroom Ground Floor Apartment +
  • Ideal First Time Buy or Investment +
  • No Forward Chain +
  • Pleasant Outlook from Kitchen +
  • Westerly Facing +
  • Share of Freehold +
  • Short Stroll to RSPB Lodmoor +
  • 15 Minute Walk to Beachfront +
  • Quiet Location +
  • Light and Spacious Kitchen / Diner +

IDEAL FIRST TIME BUY / INVESTMENT

OFFERED FOR SALE with NO FORWARD CHAIN is this well presented, TWO bedroom GROUND FLOOR apartment in the popular location of Oakbury Drive in Preston. The property sits just a short stroll to Chalbury convivence store, bus stop to Weymouth Town Centre and RSPB Lodmoor.

Entry to the property is gained via a wooden door which leads through into a large, open plan lounge/ kitchen diner. A bright space, boasting sizeable, dual aspect windows with an array of modern white gloss units and granite effect counter top with ample space for freestanding appliances to include washing machine, oven, separate under counter fridge and freezer.

The primary bedroom sits to the front of the property, enjoying a westerly aspect window, built in wardrobe and ample space for bedroom furniture.

The second bedroom is a further small double room and sits to the rear, enjoying a pleasant outlook over the communal greenspace.

Between the two bedrooms sits a bathroom, neutrally decorated and comprising of a panel enclosed bath with shower over, vanity wash basin and WC.

The owner advises us the property benefits from a share of the freehold alongside a 999 year lease from 1965. This information should be verified by your solicitor.

Living Room - 5.41 x 3.71 (17'8" x 12'2") -

Kitchen Diner - 4.11 x 3 (13'5" x 9'10") -

Bedroom One - 2.65 x 3 (8'8" x 9'10") -

Bedroom Two - 3.25 x 3.6 (10'7" x 11'9") -

Bathroom - 1.74 x 2.10 (5'8" x 6'10") -

Lease Information - The owner has advised us that the property has a 999 year lease from 1965, the property holds a share of the freehold and that the maintenance charge is approximately £1000 per anum. We encourage these details are checked by your solicitor.

Additional Information - The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.

Property type: Apartment
Property construction: Standard
Mains Electricity
Mains Water & Sewage: Supplied by Wessex Water
Heating Type:
Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker.
checker.ofcom.org.uk/

Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of
representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate. Any details including (but not limited to): lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

Agent Details

Hull Gregson Hull, Portland

01305 231995

Next Steps?

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