3 Bed Semi-Detached House, Refurb/BRRR, Weymouth, DT4 0PH, £200,000

Devon Road, Weymouth, DT4 0PH - 2 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+18 photos

ValuationFair Value

Sold Prices£200K - £449K
Sold Prices/m²£2K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£251,207

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£37,702

Bridging Loan Interest

£5,250

Total Cash In

£105,902

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£251,207

Mortgage (After Refinance)

£188,405

Mortgage LTV

75%

Cash Released

£38,405

Cash Left In

£67,496

Equity

£62,802

Rent Range

£825 - £2,500

Rent Estimate

£1,379

Running Costs/mo

£1,081

Cashflow/mo

£298

Cashflow/yr

£3,578

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £200K to £449K, average is £255.8K. £2K/m² to £5.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£216K04/230.02 mi1, Devon Road, Weymouth, Dorset DT4 0PH3
£250K02/230.05 mi16, Devon Road, Weymouth, Dorset DT4 0PH3
£231.5K01/210.1 mi39, Sussex Road, Weymouth, Dorset DT4 0PL3
£250K12/220.1 mi105, Corporation Road, Weymouth, Dorset DT4 0LG3
£255K04/230.1 mi4, Norfolk Road, Weymouth, Dorset DT4 0PW3
£250K05/230.1 mi15, Norfolk Road, Weymouth, Dorset DT4 0PW3
£265K11/220.12 mi64, Kitchener Road, Weymouth, Dorset DT4 0LL3
£295K12/200.14 mi22, Heathwood Road, Weymouth, Dorset DT4 0PQ3
£270K06/230.14 mi83, Corporation Road, Weymouth, Dorset DT4 0LF3
£375K11/220.17 mi41, Longcroft Road, Weymouth, Dorset DT4 0PB3
£232K04/210.18 mi65, Franklin Road, Weymouth, Dorset DT4 0JP3
£270K12/220.18 mi13, Queensland Road, Weymouth, Dorset DT4 0LR3
£261K04/230.18 mi14, Queensland Road, Weymouth, Dorset DT4 0LR3
£250K05/230.2 mi20, Sydney Street, Weymouth, Dorset DT4 0NF3
£449K09/210.22 mi30, Goldcroft Road, Weymouth, Dorset DT4 0DZ3
£256.1K12/200.22 mi2, Goldcroft Road, Weymouth, Dorset DT4 0DZ3
£235K08/210.22 mi1, Short Road, Weymouth, Dorset DT4 0LE3
£295K08/230.24 mi85, Goldcroft Road, Weymouth, Dorset DT4 0EA3
£265K02/230.24 mi3, Melbourne Street, Weymouth, Dorset DT4 0NG3
£257.5K06/210.25 mi18d, Highland Road, Weymouth, Dorset DT4 0BG3
£320K12/200.25 mi14, Franklin Road, Weymouth, Dorset DT4 0JW3
£255K10/210.26 mi16, Emmadale Road, Weymouth, Dorset DT4 0LA3
£275K06/230.26 mi28, Emmadale Road, Weymouth, Dorset DT4 0LA3
£285K07/210.26 mi84, Goldcroft Road, Weymouth, Dorset DT4 0EB3
£220K08/230.27 mi37, Cromwell Road, Weymouth, Dorset DT4 0JQ3
£224K02/210.28 mi12, Adelaide Crescent, Weymouth, Dorset DT4 0NS3
£232K08/210.28 mi6, Perth Street, Weymouth, Dorset DT4 0ND3
£295K03/230.3 mi186, Newstead Road, Weymouth, Dorset DT4 0DY3
£235K11/200.3 mi186, Newstead Road, Weymouth, Dorset DT4 0DY3
£234K03/210.31 mi43, Corporation Road, Weymouth, Dorset DT4 0LJ3
£255K02/210.32 mi33, Kitchener Road, Weymouth, Dorset DT4 0LN3
£250K12/200.32 mi15, Kitchener Road, Weymouth, Dorset DT4 0LN3
£245K01/210.33 mi7, Southview Road, Weymouth, Dorset DT4 0JE3
£238K02/230.33 mi3, Holyrood Terrace, Weymouth, Dorset DT4 0BE3
£232.5K12/210.34 mi6, Franklin Road, Weymouth, Dorset DT4 0JR3
£240K06/230.34 mi37, Shirecroft Road, Weymouth, Dorset DT4 0NH3
£200K03/230.34 mi73, Southview Road, Weymouth, Dorset DT4 0JE3
£350K11/220.35 mi4, Milton Road, Weymouth, Dorset DT4 0AZ3
£265K06/210.37 mi41e, Abbotsbury Road, Weymouth, Dorset DT4 0AQ3
£235K02/210.38 mi231, Abbotsbury Road, Weymouth, Dorset DT4 0LY3
£287K05/230.38 mi231, Abbotsbury Road, Weymouth, Dorset DT4 0LY3
£255.5K12/200.38 mi41a, Southview Road, Weymouth, Dorset DT4 0JD3
£285K06/230.38 mi41d, Southview Road, Weymouth, Dorset DT4 0JD3
£275K11/200.39 mi27, Wedgwood Road, Weymouth, Dorset DT4 0GB3
£365K08/230.4 mi81, Chafeys Avenue, Weymouth, Dorset DT4 0EJ3
£275K11/200.4 mi116, Newstead Road, Weymouth, Dorset DT4 0AR3
£255K08/210.4 mi23, Hereford Road, Weymouth, Dorset DT4 0QB3
£260K11/210.41 mi74, Wardcliffe Road, Weymouth, Dorset DT4 0HP3
£335K03/210.44 mi15, Field Barn Drive, Southill, Weymouth, Dorset DT4 0ED3
£400K08/230.44 mi5, Field Barn Drive, Southill, Weymouth, Dorset DT4 0ED3

Local Rents

28 rents from £825/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35003/240.34 miWeymouth3
£1,30003/240.45 miDoulton close, Weymouth3
£1,20005/240.47 miAbbotsbury Road, Weymouth3
£1,20005/240.47 miAbbotsbury Road, Weymouth3
£82503/240.49 miComing Soon - Close To Town3
£1,27505/240.53 miKenilworth, Weymouth3
£1,40004/240.59 miComing Soon - Weymouth3
£1,15002/240.64 mi-3
£1,30003/240.71 miWalpole Street, Weymouth3
£1,80003/250.72 mi-3
£1,30003/240.75 miPrince Of Wales Road, Weymouth3
£1,45003/240.75 miAlbert Street, Weymouth3
£1,20012/240.78 mi-3
£1,20003/240.81 mi12 Lennox Street3
£2,50011/240.83 mi-3
£1,30003/240.86 miVictoria Street, Weymouth3
£1,50003/240.88 miEverdene Drive, Chickerell, Weymouth3
£85004/240.91 miWeymouth3
£1,40004/250.92 mi-3
£1,40003/240.92 miWeymouth3
£1,30003/240.95 mi-3
£1,35005/240.97 miKings Road, Weymouth, Dorset, DT3 5ES3
£1,95003/241.02 mi-3
£1,20011/231.04 mi-3
£1,25004/241.07 miDorchester Road, Weymouth3
£1,50004/241.09 miWeymouth3
£1,60003/251.09 mi-3
£1,55005/241.18 miSouthdown Road, WEYMOUTH3

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

0.64 miles away

Nearest school

0.10 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £200,000

February 28, 2025

Listed for £210,000

January 10, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Two Reception Rooms +
  • Large Garden +
  • In need of modernisation +
  • No Forward Chain +
  • Semi Detached +
  • Ample potential for renovation +

Three bedroom semi detached property offered with no forward chain! This sizeable home offers a fantastic opportunity for those seeking a property to put their own stamp on. While in need of some modernisation, the property boasts a solid foundation and offers ample potential for renovation. Boasts: lounge, kitchen, three bedrooms, bathroom & generous rear garden.

Devon Road is located just off Links road and is close to a range of local amenities and facilities, this property would make a great home for a family, couple or first time buyers.

An excellent school catchment area for both primary and secondary.

Entrance - Front door leading to:

Inner Hallway - Stairs leading to the first floor, side aspect double glazed window, radiator, power points, cupboard housing fuse board, doors leading to:

Lounge - 3.60 x 3.77 (11'9" x 12'4") - Front aspect double glazed bay window, radiator, power points

Dining Room - 3.24 x 3.88 (10'7" x 12'8") - Rear aspect double glazed window overlooking the rear garden, radiator, power points, fireplace.

Kitchen - 2.67 x 2.70 (8'9" x 8'10") - Dual aspect double glazed window, range of eye and base level units with work surfaces over, under stairs storage cupboard, double glazed door leading to the rear garden, space for washing machine, space for oven, space for fridge/freezer, stainless steel sink with draining board.

First Floor Landing - Side aspect double glazed window, loft access via hatch, cupboard housing the boiler, doors leading to:

Bedroom One - 3.35 x 4.15 (10'11" x 13'7") - Front aspect double glazed window, radiator, power points, built in wardrobe.

Bedroom Two - 2.70 x 3.37 (8'10" x 11'0") - Rear aspect double glazed window overlooking the rear garden, radiator, power points.

Bedroom Three - 2.57 x 2.61 (8'5" x 8'6") - Front aspect double glazed window, radiator, power points.

Bathroom - 1.53 x 1.66 (5'0" x 5'5") - Rear aspect double glazed obscured window, panel enclosed bath, hand wash basin, partially tiled.

Wc - Side aspect double glazed obscured window, low level WC.

Rear Garden - Fully laid to lawn, fence and shrubbery enclosed.

Front Of The Property - Small front garden with path leading to the rear of the property.

Agent Details

Direct Moves, Weymouth

01305 231778

Next Steps?

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