3 Bed Terraced House, Refurb/BRRR, Weymouth, DT4 8LW, £300,000

Weymouth, DT4 8LW - 1 views - 2 months ago

Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£176K - £596K
Sold Prices/m²£1.6K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£262,426

 

 

End Value (After Refurb)

£316,596

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£37,702

Bridging Loan Interest

£7,875

Total Cash In

£135,027

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£316,596

Mortgage (After Refinance)

£237,447

Mortgage LTV

75%

Cash Released

£12,447

Cash Left In

£122,580

Equity

£79,149

Rent Range

£825 - £1,950

Rent Estimate

£1,314

Running Costs/mo

£1,272

Cashflow/mo

£42

Cashflow/yr

£502

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £176K to £596K, average is £250K. £1.6K/m² to £6.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£260K04/210.01 mi59, Newberry Road, Weymouth, Dorset DT4 8LP3
£265K02/230.06 mi20, St Leonards Road, Weymouth, Dorset DT4 8LE3
£320K03/210.07 mi20, Rodwell Avenue, Weymouth, Dorset DT4 8SG3
£335K01/230.09 mi22, Franchise Street, Weymouth, Dorset DT4 8JS3
£313K04/230.1 mi4, Hartlebury Terrace, Weymouth, Dorset DT4 8JP3
£280K11/200.1 mi1, Hartlebury Terrace, Weymouth, Dorset DT4 8JP3
£265K05/210.11 mi3, Trinity Terrace, Weymouth, Dorset DT4 8JW3
£269.5K03/210.11 mi6, Trinity Terrace, Weymouth, Dorset DT4 8JW3
£290K05/230.11 mi5, Trinity Terrace, Weymouth, Dorset DT4 8JW3
£540K04/210.12 mi4, Cove Row, Weymouth, Dorset DT4 8TT3
£250K04/210.13 mi8, Barley Way, Weymouth, Dorset DT4 8SW3
£283K05/210.13 mi31, The Maltings, Weymouth, Dorset DT4 8SP3
£325K11/200.13 mi17, The Maltings, Weymouth, Dorset DT4 8SP3
£460K12/220.13 mi3, Cove Row, Weymouth, Dorset DT4 8TT3
£320K04/210.13 mi2, Barley Way, Weymouth, Dorset DT4 8SW3
£345K01/210.13 mi11, Barley Way, Weymouth, Dorset DT4 8SW3
£228K06/210.21 mi2, Governors Lane, Weymouth, Dorset DT4 8BY3
£282K11/200.22 mi19b, Love Lane, Weymouth, Dorset DT4 8JZ3
£176K07/230.24 mi4, Rodwell Street, Weymouth, Dorset DT4 8RD3
£190K09/230.25 mi26, High West Street, Weymouth, Dorset DT4 8JH3
£210K06/210.27 mi28, Rodwell Road, Weymouth, Dorset DT4 8QL3
£345K11/220.29 mi52, Rodwell Road, Weymouth, Dorset DT4 8QU3
£380.3K06/210.29 mi22a, Portwey Close, Weymouth, Dorset DT4 8RF3
£180K11/200.3 mi5, New Street, Weymouth, Dorset DT4 8DA3
£187K11/200.34 mi16, Chickerell Road, Weymouth, Dorset DT4 8HX3
£220K03/210.34 mi43, Chickerell Road, Weymouth, Dorset DT4 8HX3
£243.8K08/230.39 mi6, Glen Avenue, Weymouth, Dorset DT4 0DA3
£290K03/230.4 mi10, Marsh Road, Weymouth, Dorset DT4 8JD3
£250K08/210.41 mi20, Marsh Road, Weymouth, Dorset DT4 8JD3
£230K04/210.41 mi10, Marsh Road, Weymouth, Dorset DT4 8JD3
£231K02/210.41 mi18, Marsh Road, Weymouth, Dorset DT4 8JD3
£596K04/230.41 mi17, Lansdowne Square, Weymouth, Dorset DT4 9QT3
£235K12/210.42 mi14, Newstead Road, Weymouth, Dorset DT4 8JE3
£207K02/210.42 mi2, Prince Of Wales Road, Weymouth, Dorset DT4 0BY3
£241.5K06/210.42 mi13, Prince Of Wales Road, Weymouth, Dorset DT4 0BY3
£314K06/230.43 mi16, Gypsy Lane, Weymouth, Dorset DT4 0BZ3
£243K08/230.43 mi2, Granville Road, Weymouth, Dorset DT4 0BQ3
£210K01/210.43 mi14, Granville Road, Weymouth, Dorset DT4 0BQ3
£416K12/220.47 mi3, Lomond Drive, Weymouth, Dorset DT4 0DH3
£245K11/200.48 mi13, Ashton Road, Weymouth, Dorset DT4 0BX3
£241K01/210.48 mi7, Ashton Road, Weymouth, Dorset DT4 0BX3
£260K08/230.49 mi48, Chickerell Road, Weymouth, Dorset DT4 0BN3
£237.5K10/230.49 mi91, Chickerell Road, Weymouth, Dorset DT4 0BW3
£270K04/230.49 mi40, Clearmount Road, Weymouth, Dorset DT4 9LD3
£204K03/210.49 mi72, Chickerell Road, Weymouth, Dorset DT4 0BN3
£200K02/210.49 mi75, Chickerell Road, Weymouth, Dorset DT4 0BW3
£202K02/210.49 mi107, Chickerell Road, Weymouth, Dorset DT4 0BW3
£225K01/230.49 mi99, Chickerell Road, Weymouth, Dorset DT4 0BW3
£195K02/210.5 mi4, Everest Road, Weymouth, Dorset DT4 0DG3
£230K03/210.5 mi6, Everest Road, Weymouth, Dorset DT4 0DG3

Local Rents

19 rents from £825/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20011/230.08 mi-3
£1,30003/240.42 miPrince Of Wales Road, Weymouth3
£1,55005/240.56 miSouthdown Road, WEYMOUTH3
£1,20005/240.6 miAbbotsbury Road, Weymouth3
£1,20005/240.6 miAbbotsbury Road, Weymouth3
£82503/240.62 miComing Soon - Close To Town3
£1,45003/240.64 miAlbert Street, Weymouth3
£1,30003/240.68 miDoulton close, Weymouth3
£1,20012/240.85 mi-3
£1,30003/240.89 miWalpole Street, Weymouth3
£85004/240.9 miWeymouth3
£1,80003/250.91 mi-3
£1,20003/240.92 mi12 Lennox Street3
£1,30003/240.93 miVictoria Street, Weymouth3
£1,35003/240.96 miWeymouth3
£1,30003/241.02 miDawlish Crescent, Weymouth, Dorset, DT43
£1,40004/241.1 miComing Soon - Weymouth3
£1,95003/241.1 mi-3
£1,30004/241.2 miChurchill Close, Wyke Regis, Weymouth3

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

1.36 miles away

Nearest school

0.60 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £300,000

February 14, 2025

Floor Plans

Description

  • Stone Fronted Mid Terrace Home +
  • Generous Accommodation Throughout +
  • Within Easy Reach Of The Harbour & Newtons Cove +
  • 3 Good Sized Bedrooms +

AN ATTRACTIVE MID TERRACE HOME SET ONLY A SHORT DISTANCE FROM WEYMOUTH'S HARBOURSIDE OFFERED FOR SALE WITH NO ONWARD CHAIN

Situated within close proximity of Weymouth's historic harbourside, Newton's Cove and the Nothe Gardens, this attractive stone fronted mid terrace home is offered for sale with no onward chain.

The accommodation on offer is generous throughout and spans three floors. The property requires modernisation but presents a superb opportunity for a purchaser to acquire a home they can 'make their own'.

A spacious living room sits at the front of the property leading through to an open plan dining room, both affording ample space for furniture.

At the rear is a good sized kitchen offering a range of wall and base units under worktops with space for free standing domestic appliances. Off the kitchen is a lean-to extension, inclusive of downstairs toilet and with access to the rear garden.

On the first floor are two generous double bedrooms along with a family bathroom that comprises a bath, separate shower cubicle and a hand wash basin. Next to the bathroom is a separate W/C.

On the second floor is bedroom 3. Whilst there is some restricted head height being set in the loft space, the room is still an ample sized double bedroom.

The property benefits further from gas fired central heating and a mixture of double and single glazing.

Externally, there is a small frontage enclosed by a dwarf wall and gate giving access. The rear garden is in the majority hard landscaped with some planted shrubs and hedges. There are two timber sheds and a further shed/outbuilding. A gate at the rear provides access.
Additional Information
Tenure: Freehold
Parking: No parking
Utilities:
Mains Electricity
Mains Gas
Mains Water
Drainage: Mains Drainage
Broadband: Refer to ofcom website
Mobile Signal: Refer to ofcom website
Flood Risk: Refer to gov.uk, check long term flood risk

Council Tax Band: B

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.
These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.
Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.
VIEWING
Strictly through the vendors agents Goadsby

Agent Details

Goadsby, Weymouth

01305 231989

Next Steps?

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