7 Bed HMO, Weymouth, DT4 8HE £425,000

Bond Street, Weymouth, DT4 8HE - 3 views - 10 months ago
Sold STC
HMO
Planning
ROI: 11%
~217 m²
Property image

ValuationUndervalued

Sold Prices£152.5K - £990K
Sold Prices/m²£1.4K/m² - £6.5K/m²

 

 

Square Metres

~217 m²
Price/m²£2K/m²

Value Estimate

£514,250
BMV21%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£33,700

Total Cash In

£139,950

 

 

Cash Out

 

Room Rate

£624

Gross Rent

£4,368

Running Costs/mo

£3,037

Cashflow/mo

£1,331

Cashflow/yr

£15,973

ROI

11%

Gross Yield

12%

Local Sold Prices

49 sold prices from £152.5K to £990K, average is £365K. £1.4K/m² to £6.5K/m², average is £2.9K/m².

Price
Date
Distance
Address
Beds
 
£340K03/250.24 mi15, Trinity Terrace, Weymouth DT4 8JW4
£465K01/250.27 mi9, Hope Street, Weymouth DT4 8TU4
£990K11/220.28 miNothe House, Barrack Road, Weymouth, Dorset DT4 8TY4
£275K03/230.31 mi16, Bath Street, Weymouth, Dorset DT4 7DS4
£265K05/230.31 mi21, Bath Street, Weymouth, Dorset DT4 7DS4
£152.5K05/210.31 mi4, Albert Street, Weymouth, Dorset DT4 7DL4
£400K12/220.32 mi14, Stavordale Road, Weymouth, Dorset DT4 0AB4
£330K07/250.35 mi82, St Leonards Road, Weymouth DT4 8LB4
£331K06/210.44 mi29, Holland Road, Weymouth, Dorset DT4 0AH4
£390K09/210.46 mi14, Kempston Road, Weymouth, Dorset DT4 8XB4
£470K06/210.47 mi80, Rodwell Avenue, Weymouth, Dorset DT4 8SQ4
£250K06/210.53 mi30, Prince Of Wales Road, Weymouth, Dorset DT4 0BY4
£275K07/230.57 mi61, Walpole Street, Weymouth, Dorset DT4 7HJ4
£315K05/230.59 mi11, Cromwell Road, Weymouth, Dorset DT4 0JG4
£770K09/210.6 mi9, Bincleaves Road, Weymouth, Dorset DT4 8RL4
£365K09/230.63 mi17, Avenue Road, Weymouth, Dorset DT4 7JH4
£287.5K02/250.63 mi32, Cassiobury Road, Weymouth, Dorset DT4 7JN4
£226K06/210.64 mi103, Abbotsbury Road, Weymouth, Dorset DT4 0JU4
£290K02/230.64 mi113, Abbotsbury Road, Weymouth, Dorset DT4 0JU4
£307K02/250.65 mi5, Avenue Road, Weymouth DT4 7JJ4
£505K12/240.65 mi7, Rectory Way, Weymouth DT4 9RJ4
£398K06/230.65 mi48, Verne Road, Weymouth, Dorset DT4 0RX4
£320K03/250.69 mi126, Knightsdale Road, Weymouth DT4 0HX4
£320K03/250.69 mi126, Knightsdale Road, Weymouth DT4 0HX4
£446K08/210.69 mi3, Glebe Close, Weymouth, Dorset DT4 9RL4
£450K04/230.69 mi1, Glebe Close, Weymouth, Dorset DT4 9RL4
£450K06/210.7 mi21, Goldcroft Avenue, Weymouth, Dorset DT4 0ET4
£474K12/240.76 mi24, Old Castle Road, Weymouth DT4 8QB4
£386.5K09/210.79 mi52, Clearmount Road, Weymouth, Dorset DT4 9LD4
£473K03/250.79 mi12, Purbeck Close, Weymouth DT4 9QU4
£473K03/250.79 mi12, Purbeck Close, Weymouth DT4 9QU4
£355K12/240.8 mi16, Bryn Road, Weymouth, Dorset DT4 0NP4
£300K12/240.8 mi179, Abbotsbury Road, Weymouth DT4 0LY4
£500K02/250.8 mi18, Purbeck Close, Weymouth DT4 9QU4
£410K06/210.83 mi59, Buxton Road, Weymouth, Dorset DT4 9PL4
£725K02/230.84 mi32, Connaught Gardens, Weymouth, Dorset DT4 9PB4
£355K10/210.85 mi21, Dennis Road, Weymouth, Dorset DT4 0NL4
£265.5K08/210.85 mi53, Corporation Road, Weymouth, Dorset DT4 0LJ4
£360K05/250.87 mi14, Hanover Road, Weymouth DT4 7QP4
£360K05/250.87 mi14, Hanover Road, Weymouth DT4 7QP4
£465K07/230.87 mi8, Westbourne Road, Weymouth, Dorset DT4 7QJ4
£305K08/210.89 mi226, Chickerell Road, Weymouth, Dorset DT4 0QY4
£365K12/240.9 mi19, Hardy Avenue, Weymouth DT4 0RQ4
£550K05/230.91 mi7, Whitecross Drive, Weymouth, Dorset DT4 9PA4
£540K04/250.92 mi19, Alexandra Road, Weymouth DT4 7QQ4
£540K04/250.92 mi19, Alexandra Road, Weymouth DT4 7QQ4
£615K10/220.92 mi32, Whitecross Drive, Weymouth, Dorset DT4 9PA4
£655K10/220.95 mi2, Belfield Close, Weymouth, Dorset DT4 9RQ4
£200K12/240.97 mi60, Sussex Road, Weymouth, Dorset DT4 0PN4

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

1.05 miles away

Nearest school

0.70 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £425,000

February 24, 2025

Price changed to £400,000

February 20, 2025

Listed for £425,000

January 16, 2025

Floor Plans

Property image

Description

  • Vacant possession +
  • Freehold +
  • Town Centre Location +
  • Moments To Beaches & Harbour +
  • Grade II Listed Building +
  • 7 Bedrooms, 4 Ensuites, 2 Additional Bathrooms +
  • Attention Investors Perfect for HMO or Airbnb +
  • Refurbished Throughout +
  • Mixed Use With Full Planning Permission to Convert to HMO +

Currently set out as mixed use property boasting seven generously proportioned bedrooms, four of which benefit from ensuite facilities, along with two additional bathrooms, this property has been meticulously refurbished throughout, offering a standard of modern living that is second to none. The ground floor is a vacant restaurant and the property comes with full planning permission to convert to a HMO. If your looking for a hands off investment a build team is available to complete the works. Situated in a prime town center location, this remarkable Grade II Listed End-of-Terrace property presents a unique Investment Opportunity for astute investors seeking a lucrative HMO or Airbnb venture.

Upon entering the premises, one is immediately struck by the versatile layout that this property effortlessly provides. The ground floor hosts a well-appointed restaurant space, setting the scene for an array of hospitality or commercial endeavors. With vacant possession available, the potential for this space is as abundant as it is enticing.

Owning the freehold of this property affords the fortunate purchaser not just a bricks-and-mortar asset, but a piece of history nestled within the fabric of this charming town. The blend of historical charm and contemporary convenience lends a unique character to this residence, setting it apart as a truly exceptional proposition.

Enviably positioned mere moments away from the captivating beaches and bustling harbour, the lifestyle opportunities afforded by this property are unrivalled. Whether seeking a stylish backdrop for pleasurable getaways, or a profitable commercial venture in a prime location, this property caters to a myriad of discerning tastes.

In summary, the seven-bedroom end of terrace house stands as a testament to timeless elegance and modern functionality. With its versatile layout, impeccable refurbishment, and tantalising potential for a variety of investment avenues, this property is a rare gem that promises both immediate rewards and long-term gains. For those with a keen eye on securing a piece of history in a thriving town centre locale, this property represents an opportunity not to be missed.

Agent Details

Sharp Sales & Lettings, Covering Weymouth

01305 237620

Next Steps?

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