2 Bed Semi-Detached House, Refurb/BRRR, Weymouth, DT3 5RG, £270,000

33 Steeple Close, Redlands, Weymouth, DT3 5RG - 2 views - 3 months ago

Sold STC
Refurb/BRRR
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£120K - £435K
Sold Prices/m²£2.3K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£220,051

 

 

End Value (After Refurb)

£275,250

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£27,649

Bridging Loan Interest

£7,088

Total Cash In

£114,287

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,250

Mortgage (After Refinance)

£206,438

Mortgage LTV

75%

Cash Released

£3,938

Cash Left In

£110,349

Equity

£68,813

Rent Range

£760 - £1,300

Rent Estimate

£993

Running Costs/mo

£1,079

Cashflow/mo

£-86

Cashflow/yr

£-1,029

Gross Yield

4%

Local Sold Prices

43 sold prices from £120K to £435K, average is £250K. £2.3K/m² to £5.1K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£297.5K10/220.06 mi14, Corfe Road, Weymouth, Dorset DT3 5RH2
£250K02/210.06 mi21, Corfe Road, Weymouth, Dorset DT3 5RH2
£280K12/220.08 mi23, Corfe Road, Weymouth, Dorset DT3 5RH2
£120K06/210.14 mi40, Westmacott Road, Weymouth, Dorset DT3 5FD2
£330K04/230.2 mi16, Greenway Road, Weymouth, Dorset DT3 5BE2
£317.5K07/230.42 mi47, Ullswater Crescent, Weymouth, Dorset DT3 5HF2
£276K05/230.49 mi26, Spa Road, Radipole, Weymouth, Dorset DT3 5EN2
£160K05/230.5 mi237, Dorchester Road, Weymouth, Dorset DT3 5JD2
£430K04/230.5 mi6, Lakeside Gardens, Weymouth, Dorset DT3 5HQ2
£435K12/220.55 mi8, Windermere Crescent, Weymouth, Dorset DT3 5HG2
£247K09/210.6 mi8, Spa Avenue, Weymouth, Dorset DT3 5EJ2
£317.5K03/210.71 mi30, Haywards Avenue, Weymouth, Dorset DT3 5JU2
£320K01/210.72 mi4, Lorton Lane, Weymouth, Dorset DT3 5DJ2
£248K01/230.74 mi34, Rowan Close, Weymouth, Dorset DT4 9UW2
£250K02/230.74 mi26, Rowan Close, Weymouth, Dorset DT4 9UW2
£223K05/210.74 mi34, Rowan Close, Weymouth, Dorset DT4 9UW2
£390K04/230.74 mi7, Sutcliffe Avenue, Weymouth, Dorset DT4 9SA2
£305K09/210.76 mi18, Milton Terrace, Weymouth, Dorset DT4 7LZ2
£210K04/210.82 mi39, Milton Close, Weymouth, Dorset DT4 7NB2
£284.5K11/210.84 mi107, Belgrave, Southill, Weymouth, Dorset DT4 9SN2
£280K04/230.84 mi108, Belgrave, Southill, Weymouth, Dorset DT4 9SN2
£320K01/210.86 mi8, Mead Road, Southill, Weymouth, Dorset DT4 9SE2
£220K11/210.87 mi17, Ferndale Road, Weymouth, Dorset DT4 7QZ2
£170.5K01/210.87 mi37, Ferndale Road, Weymouth, Dorset DT4 7QZ2
£175K01/210.87 mi5, Ferndale Road, Weymouth, Dorset DT4 7QZ2
£270K04/230.88 mi5, Argyle Road, Weymouth, Dorset DT4 7LX2
£230K12/200.88 mi5, Argyle Road, Weymouth, Dorset DT4 7LX2
£353.5K12/220.89 mi4, Springfield Crescent, Broadwey, Weymouth, Dorset DT3 5DY2
£220.3K11/200.9 mi33, Princes Drive, Weymouth, Dorset DT4 7UQ2
£205K02/210.9 mi38, Princes Drive, Weymouth, Dorset DT4 7UH2
£220K03/230.9 mi19, Bridlebank Way, Weymouth, Dorset DT3 5RA2
£270K10/220.91 mi15, Southfield Avenue, Weymouth, Dorset DT4 7UG2
£210K12/220.91 mi26, Princes Drive, Weymouth, Dorset DT4 7UH2
£244K08/230.91 mi31, Camedown Close, Weymouth, Dorset DT3 5RB2
£180K02/210.91 mi17, Camedown Close, Weymouth, Dorset DT3 5RB2
£205K02/210.92 mi62, Princes Drive, Weymouth, Dorset DT4 7UH2
£202.5K04/210.93 mi11, Sundew Close, Weymouth, Dorset DT4 7UD2
£247K10/220.95 mi14, Springfield Road, Weymouth, Dorset DT3 5RN2
£194K01/210.95 mi29, Springfield Road, Weymouth, Dorset DT3 5RN2
£200K12/200.96 mi41, Larkspur Close, Weymouth, Dorset DT4 7UB2
£265K06/230.97 mi2, Sorrel Close, Weymouth, Dorset DT4 7UF2
£270K02/230.98 mi3, Littlemead, Broadway, Weymouth, Dorset DT3 5DL2
£260K11/200.99 mi12, Reed View Close, Weymouth, Dorset DT4 0EW2

Local Rents

36 rents from £760/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,10003/240.16 miWillerby Close, Weymouth, Dorset, DT32
£1,05011/240.56 mi-2
£97503/240.67 miSycamore Road, Southill2
£99503/240.72 mi-2
£97503/240.74 miRowan Close - Southill2
£96504/240.78 mi-2
£1,10005/240.78 mi-2
£1,20005/240.78 mi-2
£98504/240.78 miCleveland House, Weymouth, DT42
£1,10004/240.78 miCleveland House, Weymouth, DT42
£1,10003/250.86 mi-2
£1,00003/240.86 mi***let Subject To Referencing***2
£90005/240.89 miDorchester Road, Weymouth2
£95005/240.89 miFerndale Road, Weymouth2
£97503/240.9 miWeymouth2
£1,00005/240.9 miCamedown Close, Weymouth2
£1,05003/250.93 mi-2
£95003/240.93 miSundew Close - Weymouth2
£1,00004/240.94 miLarkspur Close, Weymouth2
£1,00004/240.96 miLarkspur Close - Weymouth2
£85004/240.97 mi-2
£1,10003/241 miCampion Close, Weymouth, Dorset, DT42
£1,05003/241.01 miKestrel View, Weymouth2
£76003/241.03 mi-2
£80003/241.05 miKestrel View, Weymouth, DT3 5QZ2
£1,05003/241.06 miThe Finches, WEYMOUTH2
£1,00003/241.07 miReedling Close, Weymouth2
£1,00003/241.11 miWeymouth2
£1,00004/241.11 miWeymouth2
£92501/251.13 mi-2
£80005/241.14 miPipit Close, Weymouth2
£1,05004/241.16 miThe Woodpeckers, Weymouth2
£1,05003/241.17 miMeadow View Road, Weymouth2
£95003/241.21 miGlendinning Avenue, Weymouth2
£1,00003/241.21 miComing Soon - Lodmoor2
£1,30004/251.23 mi-2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £270,000

February 12, 2025

Floor Plans

Description

  • Two Double Bedroom Semi-Detached House +
  • Perfect First Time Purchase +
  • Cul-De-Sac In Redlands +
  • Garage & off Road Parking For Three Vehicles +
  • Radipole Primary & Wey Valley Academy Just Moments Away +
  • In Need of Some Internal Modernisation +
  • Generous Sized Low Maintenance Rear Garden +
  • Conservatory +

We are pleased to offer a two double bedroom semi-detached house in a quiet cul-de-sac within the Corfe Estate, Redlands. This property would make an excellent first time purchase and is in need of some internal modernisation. The property offers a garage, driveway providing off road parking for three cars, generous sized living room, conservatory, wet room and a generous sized low maintenance rear garden. The property is just moments away from Radipole Primary & Wey Valley Academy.

Full Description - Entrance into the property is via a side aspect double glazed door leading into a generous sized porch with a front aspect double glazed window. A wooden glazed door leads into a spacious living room with stairs rising to the first floor, front aspect double glazed window, two wall mounted radiators and a wooden glazed door leads through to the kitchen. The spacious kitchen comprises eye and base level units with work surfaces over, integral BOSCH oven with inset four ring gas hob and extractor fan over, space and plumbing for a washing machine, space for an under counter fridge, wall mounted boiler, space for a small table and chairs, wall mounted radiator, rear aspect double glazed window and a rear aspect double glazed door leading into the conservatory. The double glazed conservatory is the perfect garden room offering dual aspect windows, rear aspect patio doors leading out onto the garden, power points and wall lighting.

The first floor offers a landing area with loft access via a hatch and doors leads through to two double bedrooms and wet room. The master bedroom is a generous sized double offering a front aspect double glazed window and a wall mounted radiator. Bedroom two is a further generous sized double offering a rear aspect double glazed window, built in airing cupboard and a wall mounted radiator. The bathroom has been converted into a wet room offering a wall mounted shower system, low level WC, wash hand basin, side aspect double glazed window and a wall mounted radiator.

Outside offers a generous sized enclosed and low maintenance rear garden mainly laid to patio with a lawned area. There is access into the garage from the garden, the garage has an up and over door with power and lighting. The front of the property boasts a driveway providing off road parking for three vehicles.

The property is located within a quiet cul-de-sac in the Corfe Estate in Redlands just moments away from well regarded schools including Radipole Primary and The Way Valley Academy. There is a small Marks & Spencers part of The BP garage within walking distance as well as Redlands Sports Hub. Close by is a wide range of local amenities including supermarkets and a regular bus service serving Weymouth & Dorchester.

Rating Authority: - Dorset (Weymouth & Portland) Council. Council Tax Band C. Services: - Gas central heating. Mains electric & drainage.

Disclaimer: These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs, plans and measurements are for guidance only and are not necessarily comprehensive. It should be assumed that the property has all necessary Planning, Building Regulations or other consents, and Beaumont Jones have not tested any services, equipment or facilities. Beaumont Jones is a member of The Property Ombudsman.

Beaumont Jones and their clients have no authority to make or give any representations or warranties in relation to the property Ombudsman scheme and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Beaumont Jones Estate Agents, Weymouth

01305 235823

Next Steps?

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