3 Bed Semi-Detached House, Refurb/BRRR, Weymouth, DT4 0QL, £240,000

Markham Avenue, Weymouth, DT4 0QL - 4 views - 3 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+17 photos

ValuationFair Value

Sold Prices£170K - £675K
Sold Prices/m²£1.9K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£240,000

 

 

End Value (After Refurb)

£269,680

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£37,702

Bridging Loan Interest

£6,300

Total Cash In

£114,152

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£269,680

Mortgage (After Refinance)

£202,260

Mortgage LTV

75%

Cash Released

£22,260

Cash Left In

£91,892

Equity

£67,420

Rent Range

£825 - £2,500

Rent Estimate

£1,393

Running Costs/mo

£1,141

Cashflow/mo

£252

Cashflow/yr

£3,020

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £170K to £675K, average is £258.5K. £1.9K/m² to £7.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£286K09/210.03 mi19, Markham Avenue, Weymouth, Dorset DT4 0QL3
£284K09/210.03 mi9, Markham Avenue, Weymouth, Dorset DT4 0QL3
£250K08/230.04 mi8, Markham Avenue, Weymouth, Dorset DT4 0QL3
£255.5K08/210.06 mi1, Francis Road, Weymouth, Dorset DT4 0QN3
£282.5K02/210.06 mi4, Hardy Avenue, Weymouth, Dorset DT4 0RJ3
£275K08/230.06 mi11, Dennis Road, Weymouth, Dorset DT4 0NJ3
£283K03/210.07 mi31, Hardy Avenue, Weymouth, Dorset DT4 0RQ3
£257K05/210.08 mi166, Chickerell Road, Weymouth, Dorset DT4 0BU3
£291K11/220.12 mi5, Portland Crescent, Weymouth, Dorset DT4 0NW3
£220K04/210.13 mi4, Portland Crescent, Weymouth, Dorset DT4 0NW3
£300K01/230.14 mi81, Dennis Road, Weymouth, Dorset DT4 0NL3
£265K11/200.14 mi236, Chickerell Road, Weymouth, Dorset DT4 0QY3
£185K12/200.15 mi175, Chickerell Road, Weymouth, Dorset DT4 0BP3
£300K10/220.16 mi19, Dennis Road, Weymouth, Dorset DT4 0NL3
£280K12/200.17 mi60, Dennis Road, Weymouth, Dorset DT4 0NN3
£270K02/210.19 mi4, Bryn Road, Weymouth, Dorset DT4 0NP3
£250K02/210.19 mi18, Bryn Road, Weymouth, Dorset DT4 0NP3
£230K04/210.19 mi11, Bryn Road, Weymouth, Dorset DT4 0NP3
£256.5K03/210.19 mi25, Bryn Road, Weymouth, Dorset DT4 0NP3
£230K11/220.19 mi39, Bryn Road, Weymouth, Dorset DT4 0NP3
£340K07/230.24 mi34, Everest Road, Weymouth, Dorset DT4 0DQ3
£292K04/210.24 mi17, Tennyson Road, Weymouth, Dorset DT4 0DL3
£247.5K03/210.25 mi107, Knightsdale Road, Weymouth, Dorset DT4 0HU3
£260K02/230.26 mi129, Chickerell Road, Weymouth, Dorset DT4 0BW3
£308K11/200.27 mi104, Knightsdale Road, Weymouth, Dorset DT4 0HX3
£360K02/230.27 mi110, Knightsdale Road, Weymouth, Dorset DT4 0HX3
£195K02/210.29 mi4, Everest Road, Weymouth, Dorset DT4 0DG3
£230K03/210.29 mi6, Everest Road, Weymouth, Dorset DT4 0DG3
£235K02/210.29 mi231, Abbotsbury Road, Weymouth, Dorset DT4 0LY3
£287K05/230.29 mi231, Abbotsbury Road, Weymouth, Dorset DT4 0LY3
£200K02/210.3 mi75, Chickerell Road, Weymouth, Dorset DT4 0BW3
£202K02/210.3 mi107, Chickerell Road, Weymouth, Dorset DT4 0BW3
£225K01/230.3 mi99, Chickerell Road, Weymouth, Dorset DT4 0BW3
£360K06/230.31 mi53, Wyke Road, Weymouth, Dorset DT4 9QN3
£675K12/220.31 mi83, Wyke Road, Weymouth, Dorset DT4 9QN3
£237.5K10/230.31 mi91, Chickerell Road, Weymouth, Dorset DT4 0BW3
£204K03/210.31 mi72, Chickerell Road, Weymouth, Dorset DT4 0BN3
£260K08/230.31 mi48, Chickerell Road, Weymouth, Dorset DT4 0BN3
£245K11/200.31 mi13, Ashton Road, Weymouth, Dorset DT4 0BX3
£241K01/210.31 mi7, Ashton Road, Weymouth, Dorset DT4 0BX3
£200K03/230.32 mi73, Southview Road, Weymouth, Dorset DT4 0JE3
£416K12/220.32 mi3, Lomond Drive, Weymouth, Dorset DT4 0DH3
£245K01/210.33 mi7, Southview Road, Weymouth, Dorset DT4 0JE3
£170K12/200.33 mi10a, Barclay Road, Weymouth, Dorset DT4 0JB3
£288K05/230.33 mi10a, Barclay Road, Weymouth, Dorset DT4 0JB3
£264K11/200.33 mi14, Westdowne Close, Weymouth, Dorset DT4 0RW3
£395K06/210.33 mi45, Wyke Road, Weymouth, Dorset DT4 9QQ3
£385K12/210.34 mi14, Marina Gardens, Weymouth, Dorset DT4 9QZ3
£234K03/210.36 mi43, Corporation Road, Weymouth, Dorset DT4 0LJ3
£255.5K12/200.36 mi41a, Southview Road, Weymouth, Dorset DT4 0JD3

Local Rents

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

RentDateDistanceAddressBeds 
£1,40004/240.33 miComing Soon - Weymouth3
£1,35003/240.35 miWeymouth3
£1,30003/240.37 miPrince Of Wales Road, Weymouth3
£1,15002/240.56 mi-3
£2,50011/240.6 mi-3
£1,20005/240.61 miAbbotsbury Road, Weymouth3
£1,20005/240.61 miAbbotsbury Road, Weymouth3
£1,55005/240.61 miSouthdown Road, WEYMOUTH3
£1,50004/240.63 miWeymouth3
£82503/240.67 miComing Soon - Close To Town3
£1,30004/240.7 miChurchill Close, Wyke Regis, Weymouth3
£1,30003/240.7 miDoulton close, Weymouth3
£1,50003/240.8 miEverdene Drive, Chickerell, Weymouth3
£1,60005/240.8 miWyke Regis3
£1,20011/230.84 mi-3
£1,30003/240.86 miDawlish Crescent, Weymouth, Dorset, DT43
£1,40003/240.96 miWeymouth3
£1,45003/240.97 miAlbert Street, Weymouth3
£1,30004/241 miWesthill Road - Wyke Regis3
£2,10003/241.01 miBILLS INCLUDED/FULLY FURNISHED South Road, Weymouth3
£1,30003/241.01 miWesthill Road., Weymouth3
£1,30003/241.02 mi-3
£1,30003/241.1 miWalpole Street, Weymouth3
£1,80003/251.11 mi-3
£1,20012/241.12 mi-3
£1,10003/241.16 miPortland Road, Weymouth, DT43
£1,27505/241.18 miKenilworth, Weymouth3
£1,20003/241.19 mi12 Lennox Street3
£1,30003/241.22 miVictoria Street, Weymouth3
£1,50005/241.22 miPortland Road, Weymouth3
£1,47502/251.23 mi-3
£1,47504/251.23 mi-3

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

1.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £240,000

January 27, 2025

Floor Plans

Description

  • Three-bedroom semi-detached house +
  • Exciting opportunity for those looking to create a fantastic family home. +
  • Immense potential +
  • A solid foundation for your renovation plans. +
  • Excellent school catchment area +
  • Generous plot +
  • Walking distance to Weymouth harbour & town centre +
  • Offered with no forward chain +

This three-bedroom semi-detached house presents an exciting opportunity for those looking to create a fantastic family home. While the property requires work throughout, it boasts immense potential to transform into a stunning residence tailored to your tastes.

The generous rear garden offers ample space, whilst inside, the layout currently features a lounge, a dining room, a separate kitchen, and a convenient WC on the ground floor. Ascending to the first floor, you will find three well-proportioned bedrooms along with a family bathroom, providing a solid foundation for your renovation plans.

Situated just off Chickerell Road, this property is ideally located within walking distance of Weymouth Harbour and the bustling town centre, making it perfect for those who appreciate coastal living. Additionally, the home falls within an excellent school catchment area, catering to both primary and secondary education, which is a significant advantage for families.

Offered with no forward chain, this semi-detached house is not just a property; it is a canvas awaiting your vision. Whether you are a first-time buyer, a growing family, or an investor, this home represents a remarkable opportunity to create a lasting legacy in a popular and vibrant location. Don’t miss your chance to explore the possibilities that await you here.

Front Of The Property - Wall enclosed with small front garden, side access leading to the rear garden, Storm porch with main front door

Entrance - Single glazed wooden door leading to:

Hallway - Stairs leading to the first floor with under stairs storage area, doors leading to:

Lounge - 3.36 x 3.95 (11'0" x 12'11") - Front aspect double glazed bayed window, power points, feature fireplace with tiled mantle piece,

Dining Room - 3.06 x 3.34 (10'0" x 10'11") - Rear aspect double glazed window overlooking the rear garden, base level units with storage underneath, power points.

Kitchen - 1.89 x 2.93 (6'2" x 9'7") - Side aspect single glazed obscured windows, partially tiled, stainless steel sink with draining board, space for oven space for washing machine, wooden door leading to:

Rear Porch - Sliding door leading to the rear garden, space for fridge/freezer, tiled flooring , door leading to:

Downstairs Wc - Low level WC.

First Floor Landing - Stairs leading to the first floor with water tank over head, side aspect single glazed window, loft access via hatch, doors leading to:

Bedroom One - 3.11 x 4.06 (10'2" x 13'3") - Front aspect double glazed bayed window, power points.

Bedroom Two - 3.26 x 3.34 (10'8" x 10'11") - Rear aspect double glazed window overlooking the rear garden, built in wardrobe with sliding doors and storage cupboard, power points

Bedroom Three - 1.89 x 2.42 (6'2" x 7'11") - Front aspect double glazed window, built in wardrobe, power points.

Bathroom - 1.73 x 1.81 (5'8" x 5'11") - Side aspect single glazed window, low level WC, hand wash basin, panel enclosed bath with storage cupboard overhead.

Rear Garden - Large rear garden laid to lawn, fully wall and fence enclosed with mature shrubbery, front access via wooden gate.

Nb - Please note this property is a full refurbishment and currently has no heating.
There is potential for off road parking subject to approval .

Agent Details

Direct Moves, Weymouth

01305 231778

Next Steps?

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