2 Bed Flat, Refurb/BRRR, Weymouth, DT3 5HE, £220,000

Ullswater Crescent, Weymouth, DT3 5HE - 2 views - 4 months ago

Refurb/BRRR
~68 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£196,429

 

 

End Value (After Refurb)

£233,750

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£27,649

Bridging Loan Interest

£5,775

Total Cash In

£97,974

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,750

Mortgage (After Refinance)

£175,313

Mortgage LTV

75%

Cash Released

£10,313

Cash Left In

£87,662

Equity

£58,438

Rent Range

£760 - £1,200

Rent Estimate

£988

Running Costs/mo

£948

Cashflow/mo

£40

Cashflow/yr

£479

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £440K, average is £166.8K. £1.7K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£340K06/210.08 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£197K08/210.22 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£125K11/220.59 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£440K04/210.85 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£220K11/200.88 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£122.5K04/210.92 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£148K11/200.96 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£220K11/221.01 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£130K06/211.07 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/231.07 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£200K11/221.08 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£220K08/231.08 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£220K08/231.08 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/201.08 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/201.08 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£160K11/211.15 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£151K08/221.16 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£165K09/211.21 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£185K03/231.29 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£100K12/221.3 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/201.3 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/211.31 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K11/211.32 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£140K09/211.33 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£128K01/211.33 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£110K12/201.37 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£165K08/221.41 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£157.5K04/211.45 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£190K07/221.46 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£186K10/221.51 mi9, Fern Square, Chickerell, Weymouth, Dorset DT3 4NZ2
£187K02/231.59 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£145K09/211.62 mi26a, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£124.5K04/211.62 mi28, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£122.5K02/211.65 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£153K03/211.65 mi30, Spiller Road, Chickerell, Weymouth, Dorset DT3 4AX2
£190K04/211.68 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£157K02/211.69 miFlat 4, White Rose Court, East Street, Chickerell, Weymouth, Dorset DT3 4DS2
£207K11/201.7 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£195K03/231.71 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/211.71 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£122.5K08/211.72 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£195K03/231.73 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/211.73 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£160K05/211.75 mi1, Lincoln Road, Weymouth, Dorset DT4 0HQ2
£360K06/211.76 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£168.5K11/201.83 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/201.83 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/231.83 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£200K10/231.83 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/231.83 mi80, The Maltings, Weymouth, Dorset DT4 8SS2

Local Rents

16 rents from £760/mo to £1.2K/mo, average is £980/mo.

RentDateDistanceAddressBeds 
£96504/240.36 mi-2
£1,10005/240.36 mi-2
£1,20005/240.36 mi-2
£98504/240.36 miCleveland House, Weymouth, DT42
£1,10004/240.36 miCleveland House, Weymouth, DT42
£1,10003/250.44 mi-2
£90005/240.45 miDorchester Road, Weymouth2
£95005/240.47 miFerndale Road, Weymouth2
£97503/240.49 miSycamore Road, Southill2
£97503/240.5 miRowan Close - Southill2
£99503/240.5 mi-2
£85004/240.53 mi-2
£1,00004/240.56 miLarkspur Close, Weymouth2
£76003/240.57 mi-2
£95003/240.59 miSundew Close - Weymouth2
£1,00004/240.6 miLarkspur Close - Weymouth2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.38 miles away

Nearest school

0.40 miles away

Nearest train station

1.02 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £220,000

December 23, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Newly Re-Furbished Throughout +
  • Share Of Freehold +
  • Sought After Area +
  • First Floor +
  • New Double Glazed Windows +
  • Residents Parking +
  • Separate W.C +
  • No Onward Chain +
  • Hi-Specification Finish +

Introducing this stunning property where Victorian Elegance Meets Contemporary Living. Step into this immaculately refurbished two-bedroom flat, set within a stunning Victorian building on one of the town's most sought-after streets. Combining timeless period features with modern luxury, this first-floor home offers an extraordinary blend of character and sophistication. Boasting period charm, this apartment is lovingly restored to its former glory and boasts exquisite Victorian details, including original cast iron fireplaces, solid wood doors, and elegant cornices. These features add a sense of heritage and warmth, making this property truly unique. High ceilings and large new double-glazed windows, including a south-facing bay window in the sitting room, flood the property with natural light, enhancing its airy and inviting ambience. The kitchen exudes rustic charm with its country-inspired design, enhanced by a stunning solid oak worktop and a classic Belfast sink. This timeless style is complemented by modern integrated appliances, including a fridge/freezer, electric oven with microwave, induction hob, extractor, dishwasher, and washing machine, blending charm and functionality seamlessly. This thoughtfully designed space is perfect for both everyday use and entertaining. The newly fitted shower room is complete with a luxurious double shower and wash hand basin, while a separate W.C. adds practicality for busy households. Two generous double bedrooms are well-proportioned, with the principal bedroom offering built-in storage for added convenience. You will benefit from a long lease of over 860 years, providing peace of mind for future ownership. Residents’ parking ensures stress-free convenience for homeowners and their guests. Offered with no onward chain, this is a perfect opportunity for those looking to move swiftly. Situated within a beautifully maintained Victorian building, this flat seamlessly combines period elegance with the comforts of modern living. The thoughtful renovation ensures the historic charm is preserved while meeting the needs of contemporary lifestyles. This is your chance to own a piece of Victorian history—don’t miss out! Contact us today to arrange your viewing and experience this extraordinary property for yourself.

EPC Rating: E

Agent Details

Coco Property Group Limited, Weymouth

01305 231423

Next Steps?

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