2 Bed Flat, Single Let, Weymouth, DT3 5EF, £174,500

Dorchester Road, Weymouth, DT3 5EF - a month ago

BTL
ROI: 2%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£100K - £440K
Sold Prices/m²£1.7K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£199,773
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,625

Stamp Duty & Legal Fees

£10,075

Total Cash In

£53,700

 

 

Cash Out

 

Rent Range

£760 - £1,200

Rent Estimate

£825

Running Costs/mo

£730

Cashflow/mo

£95

Cashflow/yr

£1,136

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £440K, average is £170K. £1.7K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£197K08/210.1 mi7a, Waverley Road, Weymouth, Dorset DT3 5EB2
£340K06/210.25 mi4, Coronation Crescent, Weymouth, Dorset DT3 5EU2
£125K11/220.48 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£220K11/200.65 miFlat 1, Regency Court, Melcombe Avenue, Weymouth, Dorset DT4 7TH2
£122.5K04/210.75 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2
£148K11/200.77 miFlat 6, St Johns Court, William Street, Weymouth, Dorset DT4 7JW2
£440K04/210.85 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£130K06/210.97 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/230.97 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£220K08/230.98 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£200K11/221.03 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£220K08/231.03 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£165K12/201.04 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/201.04 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£160K11/211.13 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£220K11/221.2 mi14, Nottington Court, Nottington, Weymouth, Dorset DT3 4BL2
£151K08/221.23 mi71, Bridlebank Way, Weymouth, Dorset DT3 5RP2
£185K03/231.24 mi71, Rockhampton Close, Weymouth, Dorset DT3 6NG2
£100K12/221.25 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/201.26 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£143K08/211.26 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£140K09/211.28 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£165K09/211.32 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£190K07/221.32 mi26, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£157.5K04/211.33 mi29, Holzwickede Court, Weymouth, Dorset DT3 6FG2
£110K12/201.33 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£140K11/211.35 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£165K08/221.36 mi19, Canberra Crescent, Weymouth, Dorset DT3 6AQ2
£187K02/231.37 mi8, Eadon Close, Weymouth, Dorset DT3 6JU2
£128K01/211.4 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£122.5K02/211.57 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£207K11/201.58 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£195K03/231.6 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/211.6 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£190K04/211.62 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£360K06/211.65 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£122.5K08/211.66 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£195K03/231.67 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/211.67 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£168.5K11/201.73 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/201.73 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/231.73 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£145K09/211.73 mi26a, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£124.5K04/211.73 mi28, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£200K10/231.73 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/231.73 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£186K10/221.77 mi9, Fern Square, Chickerell, Weymouth, Dorset DT3 4NZ2
£222K11/201.84 mi35, Cross Road, Weymouth, Dorset DT4 9QX2
£250K05/231.84 mi39, Cross Road, Weymouth, Dorset DT4 9QX2
£160K05/211.85 mi1, Lincoln Road, Weymouth, Dorset DT4 0HQ2

Local Rents

19 rents from £760/mo to £1.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£96504/240.13 mi-2
£1,10005/240.13 mi-2
£1,20005/240.13 mi-2
£98504/240.13 miCleveland House, Weymouth, DT42
£1,10004/240.13 miCleveland House, Weymouth, DT42
£1,10003/250.21 mi-2
£95005/240.24 miFerndale Road, Weymouth2
£90005/240.24 miDorchester Road, Weymouth2
£1,00004/240.3 miLarkspur Close, Weymouth2
£95003/240.31 miSundew Close - Weymouth2
£1,00004/240.33 miLarkspur Close - Weymouth2
£85004/240.33 mi-2
£1,10003/240.38 miCampion Close, Weymouth, Dorset, DT42
£76003/240.4 mi-2
£1,00003/240.48 miWeymouth2
£1,00004/240.48 miWeymouth2
£92502/250.51 mi-2
£95003/240.59 miGlendinning Avenue, Weymouth2
£1,00003/240.6 miComing Soon - Lodmoor2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

0.39 miles away

Nearest school

0.50 miles away

Nearest train station

0.89 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £174,500

March 28, 2025

Listed for £177,500

March 3, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenants Currently Situated +
  • Garden Ground Space +
  • Private Parking Spaces Available +
  • Likely to attract enquiries from Serious Investors & Developers +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Flat located in Weymouth. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has tenants currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-maintained home features two spacious bedrooms, two bathrooms, a lounge, a kitchen, a garden ground space, and private parking spaces available.

Investment details

It currently produces an annual gross income of £9,900 which could be increased by the new owner to a market rate of £11,256 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪