2 Bed Flat, Refurb/BRRR, Weymouth, DT3 5HE, £250,000

Abbots Court, Ullswater Crescent, Weymouth, DT3 5HE - 2 views - 3 months ago

Refurb/BRRR
~68 m²
+17 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£196,429

 

 

End Value (After Refurb)

£261,250

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,649

Bridging Loan Interest

£6,563

Total Cash In

£107,162

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£261,250

Mortgage (After Refinance)

£195,938

Mortgage LTV

75%

Cash Released

£8,438

Cash Left In

£98,724

Equity

£65,313

Rent Range

£760 - £1,200

Rent Estimate

£990

Running Costs/mo

£1,034

Cashflow/mo

£-44

Cashflow/yr

£-533

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 
£340K06/210.11 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£197K08/210.27 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£125K11/220.6 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£440K04/210.81 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£220K11/200.92 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£122.5K04/210.94 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£148K11/200.98 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£220K11/221.01 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£200K11/221.05 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£220K08/231.06 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/201.06 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/201.06 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£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
£220K08/231.07 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£160K11/211.12 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£165K09/211.14 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£151K08/221.21 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£100K12/221.27 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K11/211.28 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£100K12/201.28 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£128K01/211.28 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£143K08/211.28 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/211.3 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£110K12/201.35 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£185K03/231.35 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£186K10/221.43 mi9, Fern Square, Chickerell, Weymouth, Dorset DT3 4NZ2
£165K08/221.48 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£157.5K04/211.53 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£190K07/221.55 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£145K09/211.55 mi26a, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£124.5K04/211.55 mi28, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£153K03/211.56 mi30, Spiller Road, Chickerell, Weymouth, Dorset DT3 4AX2
£157K02/211.61 miFlat 4, White Rose Court, East Street, Chickerell, Weymouth, Dorset DT3 4DS2
£122.5K02/211.63 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£190K04/211.66 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£187K02/231.68 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£160K05/211.68 mi1, Lincoln Road, Weymouth, Dorset DT4 0HQ2
£122.5K08/211.69 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£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
£195K03/231.71 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/211.71 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£360K06/211.75 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£168.5K11/201.81 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/201.81 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/231.81 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£200K10/231.81 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/231.81 mi80, The Maltings, Weymouth, Dorset DT4 8SS2

Local Rents

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

RentDateDistanceAddressBeds 
£97503/240.41 miSycamore Road, Southill2
£97503/240.41 miRowan Close - Southill2
£99503/240.42 mi-2
£96504/240.42 mi-2
£1,10005/240.42 mi-2
£1,20005/240.42 mi-2
£98504/240.42 miCleveland House, Weymouth, DT42
£1,10004/240.42 miCleveland House, Weymouth, DT42
£1,10003/250.49 mi-2
£90005/240.5 miDorchester Road, Weymouth2
£95005/240.52 miFerndale Road, Weymouth2
£85004/240.57 mi-2
£1,00003/240.58 mi***let Subject To Referencing***2
£76003/240.6 mi-2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.37 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 £250,000

January 2, 2025

Floor Plans

Description

  • Spectacular views +
  • Southerley facing balcony +
  • First floor with lift access +
  • Allocated parking +
  • Generous communal grounds +
  • Two double bedrooms +
  • En-suite shower room +
  • No onward chain +
  • External storage room. +
  • Radipole, Weymouth +

Nestled in the picturesque setting of Radipole, Weymouth, this purpose-built first floor apartment at Abbots Court offers a unique opportunity for those seeking a tranquil lifestyle with stunning natural surroundings. Boasting two spacious reception rooms and two well-proportioned bedrooms, this apartment is perfect for both relaxation and entertaining.

One of the standout features of this property is the spectacular, uninterrupted views overlooking Radipole Lake and the adjacent nature reserve. Imagine waking up each morning to the serene beauty of the water and the vibrant wildlife that calls this area home. The flat benefits from lift access, ensuring convenience for all residents.

While the property requires some modernisation throughout, it presents a blank canvas for potential buyers to create their dream home tailored to their tastes. With no forward chain, you can move swiftly into this delightful abode and start enjoying the idyllic surroundings.

This apartment is not just a home; it is a lifestyle choice, offering the perfect blend of comfort and natural beauty. Whether you are a first-time buyer, a downsizer, or an investor, this property is a rare find in a sought-after location. Don’t miss the chance to make this charming flat your own and experience the best of Weymouth living.

Situation - This property is located in Ullswater Crescent set in a highly desirable private location, amongst mature trees and shrubs. Radipole Park Drive, The Swannery and Radipole Lake are also a short distance away providing a delightful route for cycling and walking into Weymouth town centre, a popular place among nature lovers and fishing enthusiasts. There is also a brand new children's park and a variety of exciting sports facilities including basketball courts and tennis courts.

Nearby are a range of amenities including popular public house, local butcher, Chemist and the new Weymouth Gateway where you will find; Costa Coffee, Dunelm, B&M and a wide selection of popular supermarkets such as Sainsburys & Morrison to name a few.

Entrance - Front aspect communal door with communal stairway and lift leading to all floors.

Apartment Entrance - Located on the first floor, front door leading to:

Hallway - Large storage cupboard with shelving, thermostat, doors leading to:

Lounge - 3.9 x 5.4 (12'9" x 17'8") - Rear aspect room with large full length double glazed window with uninterrupted views overlooking the nature reserve and Radipole lake, radiator, TV point, electric radiator, door leading to:

Balcony - Private balcony with tiled flooring and railings, views overlooking the nature reserve.

Kitchen/Diner - 2.7 x 4.4 (8'10" x 14'5") - Rear aspect room with double glazed window and views overlooking the nature reserve, range of eye and base level units with work surfaces over, space for white goods, plumbing for washing machine, wall mounted Vaillant boiler, strip light, radiator, partially tiled throughout, ceramic sink with draining board.

Bedroom One - 3.5 (max) x 5 (11'5" (max) x 16'4") - Rear aspect room with double glazed window, built in wardrobes with overhead storage cupboards, radiator, door leading to:

En-Suite - Large shower cubicle, radiator, hand wash basin, low level WC, fully tiled throughout.

Bedroom Two - 2.8 x 4.2 (9'2" x 13'9") - Front aspect room with large double glazed window, radiator.

Bathroom - 2.1 x 2.5 (6'10" x 8'2") - Front aspect room with double glazed obscured window, mostly tiled throughout with panel enclosed bath, low level WC, hand wash basin, radiator.

Communal Gardens - Mostly laid to lawn with patio walkways and mature shrubbery.

Allocated Parking - Located to the front of the property there is one allocated parking space along with visitor parking.

Lease Infomation - We are informed the flat has one share of the building freehold, there are 20 flats each with a share certificate. The management company is Abbotts Court Weymouth Ltd with £95 pcm per flat service charge.

Agent Details

Direct Moves, Weymouth

01305 231778

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪