2 Bed Bungalow, Refurb/BRRR, Weymouth, DT3 4EQ, £250,000

Higher End, Weymouth, DT3 4EQ - 1 views - 2 months ago

Sold STC

Refurb/BRRR

ROI: 2%

~68 m²

+6 photos

ValuationOvervalued

Sold Prices	£190K - £435K
Sold Prices/m²	£2.6K/m² - £6.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£236,379£236,379

End Value (After Refurb)	£257,250£257,250
Uplift in Value	+3%+3%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£27,649£27,649
Bridging Loan Interest	£6,563£6,563
Total Cash In	£107,162£107,162

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£257,250£257,250
Mortgage (After Refinance)	£192,938£192,938
Mortgage LTV	75%75%
Cash Released	£5,438£5,438
Cash Left In	£101,724£101,724
Equity	£64,313£64,313
Rent Range	£650 - £3,000£650 - £3,000
Rent Estimate	£1,264
Running Costs/mo	£1,077£1,077
Cashflow/mo	£187£187
Cashflow/yr	£2,248£2,248
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

29 sold prices from £190K to £435K, average is £238K. £2.6K/m² to £6.7K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£290K	06/21	0.11 mi	16, Lower Way, Chickerell, Weymouth, Dorset DT3 4AR	£6,744	43	2	Detached House
£323K	10/20	0.13 mi	22, West Street, Chickerell, Weymouth, Dorset DT3 4DY	£2,669	121	2	Detached House
£315K	12/22	0.16 mi	14, Rolfe Crescent, Chickerell, Weymouth, Dorset DT3 4LY	-	-	2	Detached House
£285K	12/20	0.18 mi	13, Rashley Road, Chickerell, Weymouth, Dorset DT3 4AT	£3,353	85	2	Detached House
£316K	06/23	0.18 mi	17, Rashley Road, Chickerell, Weymouth, Dorset DT3 4AT	£4,743	67	2	Detached House
£260K	02/23	0.2 mi	25, Spiller Road, Chickerell, Weymouth, Dorset DT3 4AX	£4,063	64	2	Terraced House
£245K	06/23	0.26 mi	50, Fairfield, Chickerell, Weymouth, Dorset DT3 4AU	-	-	2	Terraced House
£212K	06/21	0.28 mi	10, Teal Avenue, Chickerell, Weymouth, Dorset DT3 4NF	£3,655	58	2	Terraced House
£247K	12/22	0.32 mi	35, Maskew Close, Chickerell, Weymouth, Dorset DT3 4NL	£4,940	50	2	Terraced House
£200.5K	03/21	0.33 mi	23, Maskew Close, Chickerell, Weymouth, Dorset DT3 4NL	-	-	2	Terraced House
£266K	12/22	0.34 mi	27, Drake Avenue, Chickerell, Weymouth, Dorset DT3 4NA	£4,926	54	2	Terraced House
£223K	05/21	0.37 mi	26, Elziver Close, Chickerell, Weymouth, Dorset DT3 4LN	£4,140	54	2	Semi-Detached House
£196K	04/21	0.39 mi	17, Aldabrand Close, Chickerell, Weymouth, Dorset DT3 4LW	£3,698	53	2	Terraced House
£190K	10/20	0.39 mi	5, Aldabrand Close, Chickerell, Weymouth, Dorset DT3 4LW	£3,725	51	2	Terraced House
£252.5K	11/22	0.4 mi	21, Mohune Way, Chickerell, Weymouth, Dorset DT3 4NG	£4,764	53	2	Terraced House
£270K	09/21	0.41 mi	12, The Bindells, Chickerell, Weymouth, Dorset DT3 4BF	-	-	2	Semi-Detached House
£190K	01/21	0.41 mi	23, The Bindells, Chickerell, Weymouth, Dorset DT3 4BF	£3,115	61	2	Terraced House
£197K	02/21	0.42 mi	28, Mohune Way, Chickerell, Weymouth, Dorset DT3 4NG	£3,456	57	2	Terraced House
£238K	04/21	0.47 mi	23b, Putton Lane, Chickerell, Weymouth, Dorset DT3 4AG	£3,610	66	2	Semi-Detached House
£265K	09/23	0.48 mi	23b, Putton Lane, Chickerell, Weymouth, Dorset DT3 4AG	£4,020	66	2	Semi-Detached House
£215K	04/23	0.51 mi	6, Browns Crescent, Chickerell, Weymouth, Dorset DT3 4AH	£2,905	74	2	Terraced House
£210K	07/21	0.51 mi	8, Browns Crescent, Chickerell, Weymouth, Dorset DT3 4AH	£2,958	71	2	Terraced House
£195K	08/21	0.51 mi	6, Browns Crescent, Chickerell, Weymouth, Dorset DT3 4AH	£2,635	74	2	Terraced House
£435K	10/21	0.57 mi	1, Butter Street, Fleet, Weymouth, Dorset DT3 4EE	£4,677	93	2	Terraced House
£230K	11/23	0.84 mi	32, Elizabeth Way, Chickerell, Weymouth, Dorset DT3 4DA	£3,485	66	2	Terraced House
£230K	05/21	0.84 mi	17, Elizabeth Way, Chickerell, Weymouth, Dorset DT3 4DA	£2,805	82	2	Terraced House
£255K	01/23	0.84 mi	8, Elizabeth Way, Chickerell, Weymouth, Dorset DT3 4DA	£3,355	76	2	Terraced House
£195K	06/21	0.9 mi	24, Chelwood Gate, Weymouth, Dorset DT4 9UZ	-	-	2	Terraced House
£198K	12/20	0.9 mi	29, Chelwood Gate, Weymouth, Dorset DT4 9UZ	£3,300	60	2	Semi-Detached House

Local Rents

50 rents from £650/mo to £3K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	03/24	0 mi	Higher End, Chickerell	3	Terraced House
£895	03/25	0.01 mi	-	1	Flat
£1,250	05/24	0.02 mi	Chickerell, Weymouth Dorset	3	Terraced House
£725	03/24	0.07 mi	Mount Pleasant - Chickerell	1	Flat
£1,350	03/24	0.13 mi	Anvil Close, Chickerell, Weymouth	3	Detached House
£1,350	03/24	0.23 mi	Chickerell Road, Chickerell, Weymouth	3	Flat
£1,375	01/25	0.26 mi	-	3	Terraced House
£1,350	12/24	0.26 mi	-	3	Terraced House
£1,150	03/24	0.28 mi	Courage Way, Chickerell, Weymouth	2	House
£1,300	05/24	0.3 mi	Fishermans Close, Chickerell	3	Detached House
£1,300	03/24	0.33 mi	School Hill, Chickerell, WEYMOUTH	3	Flat
£1,400	03/24	0.35 mi	Dunster Rise, Chickerell, Weymouth	3	House
£1,300	03/24	0.35 mi	Lerrett Close, CHICKERELL, Weymouth	3	Detached House
£800	04/24	0.38 mi	Chickerell	1	Flat
£750	04/24	0.38 mi	Chickerell	1	Flat
£800	05/24	0.45 mi	Chickerell, Weymouth	1	Flat
£1,600	03/24	0.46 mi	Pugmill Lane, Weymouth, Dorset, DT3	4	Detached House
£950	04/24	0.51 mi	Browns Crescent, Chickerell, Weymouth, DT3 4AH	2	Terraced House
£2,000	03/24	0.59 mi	Lilly Lane, Chickerell. Weymouth	4	Detached House
£2,000	05/24	0.59 mi	Lilly Lane, Chickerell. Weymouth	4	Detached House
£650	03/24	0.88 mi	Charlestown, Weymouth	1	Flat
£1,300	03/24	0.88 mi	-	3	Terraced House
£1,750	04/24	0.93 mi	Chickerell Road, Weymouth	4	Flat
£1,400	03/24	0.94 mi	Weymouth	3	Detached House
£1,400	03/25	1.12 mi	-	3	Detached House
£1,000	03/24	1.13 mi	*let Subject To Referencing*	2	Bungalow
£1,500	03/24	1.13 mi	Everdene Drive, Chickerell, Weymouth	3	Semi-Detached House
£975	03/24	1.27 mi	Sycamore Road, Southill	2	Terraced House
£995	03/24	1.28 mi	-	2	Terraced House
£750	12/24	1.28 mi	-	1	Flat
£800	04/25	1.28 mi	-	1	Flat
£975	03/24	1.29 mi	Rowan Close - Southill	2	Terraced House
£1,150	02/24	1.31 mi	-	3	Flat
£2,500	12/24	1.36 mi	-	3	Bungalow
£1,275	05/24	1.4 mi	Kenilworth, Weymouth	3	Terraced House
£1,600	03/24	1.43 mi	Field Barn Drive - Weymouth	4	Flat
£1,400	04/24	1.53 mi	Coming Soon - Weymouth	3	Bungalow
£1,350	03/24	1.6 mi	Weymouth	3	Detached House
£1,500	04/24	1.64 mi	Weymouth	3	Detached House
£850	01/24	1.7 mi	-	1	Flat
£1,100	03/24	1.71 mi	Willerby Close, Weymouth, Dorset, DT3	2	Flat
£950	03/24	1.71 mi	Chickerell Road - Weymouth	2	Flat
£975	02/25	1.72 mi	-	2	Flat
£2,500	05/24	1.72 mi	Mount Pleasant Ave South, Radipole, Weymouth	4	Detached House
£3,000	03/24	1.72 mi	Mount Pleasant Ave South, Radipole, Weymouth	4	Detached House
£850	03/24	1.75 mi	Franklin Road - Weymouth	2	Flat
£950	03/24	1.75 mi	Franklin Road - Weymouth	2	Flat
£1,800	03/24	1.75 mi	Roundham Gardens, Weymouth	5	Detached House
£1,050	11/24	1.76 mi	-	2	Flat
£850	05/24	1.76 mi	Franklin Road, Weymouth	2	Flat

Local Area Statistics

Population in DT3	23,34823,348
Population in Weymouth	60,28660,286
Town centre distance	1.80 miles away1.80 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.25 miles away2.25 miles away

Rental growth (12m)	-15%-15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £250,000

February 10, 2025

Floor Plans

Description

Detached Bungalow +
Requires Modernising +
Two Double Bedrooms +
Sitting Room with Separate Kitchen +
Conservatory +
Enclosed Garden and Garage +
Cul De Sac Position +
No Forward Chain +

A two bedroom DETACHED BUNGALOW in need of modernising. Cul de sac position, Sitting Room, separate Kitchen, Conservatory, Enclosed Garden and Garage. NO FORWARD CHAIN

Agent Details

Meyers, Weymouth

01305 534414

Next Steps?

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