2 Bed Terraced House, Refurb/BRRR, Weymouth, DT3 5BX, £195,000

595 Dorchester Road, Weymouth, DT3 5BX - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£120K - £400K
Sold Prices/m²£2.5K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£196,950

 

 

End Value (After Refurb)

£229,787

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£27,649

Bridging Loan Interest

£5,119

Total Cash In

£94,218

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,787

Mortgage (After Refinance)

£172,340

Mortgage LTV

75%

Cash Released

£26,090

Cash Left In

£68,128

Equity

£57,447

Rent Range

£800 - £1,300

Rent Estimate

£990

Running Costs/mo

£936

Cashflow/mo

£54

Cashflow/yr

£647

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £400K, average is £226.5K. £2.5K/m² to £5.3K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£270K02/230.07 mi3, Littlemead, Broadway, Weymouth, Dorset DT3 5DL2
£400K06/230.1 mi4, Mill Street, Weymouth, Dorset DT3 5DN2
£353.5K12/220.12 mi4, Springfield Crescent, Broadwey, Weymouth, Dorset DT3 5DY2
£255K05/210.14 mi5, St Helier Avenue, Weymouth, Dorset DT3 5DU2
£194K01/210.16 mi29, Springfield Road, Weymouth, Dorset DT3 5RN2
£247K10/220.17 mi14, Springfield Road, Weymouth, Dorset DT3 5RN2
£220K03/230.17 mi19, Bridlebank Way, Weymouth, Dorset DT3 5RA2
£320K01/210.22 mi4, Lorton Lane, Weymouth, Dorset DT3 5DJ2
£244K08/230.22 mi31, Camedown Close, Weymouth, Dorset DT3 5RB2
£180K02/210.22 mi17, Camedown Close, Weymouth, Dorset DT3 5RB2
£232.5K03/230.34 mi49, Reedling Close, Weymouth, Dorset DT3 5RU2
£165K05/210.34 mi5, Reedling Close, Weymouth, Dorset DT3 5RU2
£195K02/230.34 mi41, Reedling Close, Weymouth, Dorset DT3 5RU2
£187.5K06/210.35 mi56, Reedling Close, Weymouth, Dorset DT3 5RX2
£220K11/200.35 mi54, Jestys Avenue, Weymouth, Dorset DT3 5NN2
£250K03/210.35 mi52, Jestys Avenue, Weymouth, Dorset DT3 5NN2
£220K10/220.37 mi34, Meadow View Road, Weymouth, Dorset DT3 5PB2
£230K05/230.37 mi33, Meadow View Road, Weymouth, Dorset DT3 5PB2
£255K09/230.37 mi49, Meadow View Road, Weymouth, Dorset DT3 5PB2
£230K08/230.37 mi18, Meadow View Road, Weymouth, Dorset DT3 5PB2
£232.5K11/220.37 mi16, Meadow View Road, Weymouth, Dorset DT3 5PB2
£225K12/220.39 mi45, The Finches, Weymouth, Dorset DT3 5QW2
£215K03/230.4 mi10, Stonechat Close, Weymouth, Dorset DT3 5SE2
£235K05/230.4 mi14, Stonechat Close, Weymouth, Dorset DT3 5SE2
£240K04/230.41 mi33, Sanderling Close, Weymouth, Dorset DT3 5QR2
£246K11/220.42 mi9, Sanderling Close, Weymouth, Dorset DT3 5QR2
£246.5K11/200.44 mi47, Nightingale Drive, Weymouth, Dorset DT3 5ST2
£240K11/230.44 mi5, Linnet Close, Weymouth, Dorset DT3 5QT2
£237.5K07/230.45 mi118, Kestrel View, Littlemoor, Weymouth, Dorset DT3 5QZ2
£210K04/230.45 mi104, Kestrel View, Littlemoor, Weymouth, Dorset DT3 5QZ2
£185K06/210.45 mi98, Kestrel View, Weymouth, Dorset DT3 5QZ2
£225K07/230.45 mi34, Kestrel View, Littlemoor, Weymouth, Dorset DT3 5QZ2
£185K11/200.45 mi96, Kestrel View, Weymouth, Dorset DT3 5QZ2
£195.5K12/200.45 mi26, Kestrel View, Weymouth, Dorset DT3 5QZ2
£248K04/230.45 mi26, Kestrel View, Littlemoor, Weymouth, Dorset DT3 5QZ2
£215K06/210.45 mi469, Littlemoor Road, Weymouth, Dorset DT3 5QL2
£310K11/200.47 mi64, Nightingale Drive, Weymouth, Dorset DT3 5SU2
£229K05/230.48 mi28, Brambling Close, Weymouth, Dorset DT3 5SX2
£205K09/210.52 mi42, Fieldfare Close, Weymouth, Dorset DT3 5QX2
£202K03/210.52 mi24, Fieldfare Close, Weymouth, Dorset DT3 5QX2
£176K03/210.52 mi28, Fieldfare Close, Weymouth, Dorset DT3 5QX2
£228K07/230.52 mi40, Fieldfare Close, Weymouth, Dorset DT3 5QX2
£220K09/210.55 mi21, The Woodpeckers, Weymouth, Dorset DT3 5RS2
£245K05/230.6 mi41, The Doves, Littlemoor, Weymouth, Dorset DT3 5SQ2
£210K06/210.64 mi32, Nuthatch Close, Weymouth, Dorset DT3 5SH2
£182K01/210.64 mi12, Nuthatch Close, Weymouth, Dorset DT3 5SH2
£210K11/210.64 mi22, Nuthatch Close, Weymouth, Dorset DT3 5SH2
£209.5K03/210.68 mi29, Merredin Close, Weymouth, Dorset DT3 6SJ2
£280K11/200.73 mi694, Dorchester Road, Weymouth, Dorset DT3 5LD2
£120K06/210.82 mi40, Westmacott Road, Weymouth, Dorset DT3 5FD2

Local Rents

14 rents from £800/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05003/250.15 mi-2
£97503/240.18 miWeymouth2
£1,00005/240.19 miCamedown Close, Weymouth2
£1,05003/240.35 miMeadow View Road, Weymouth2
£1,00003/240.37 miReedling Close, Weymouth2
£1,05003/240.4 miThe Finches, WEYMOUTH2
£1,05003/240.42 miKestrel View, Weymouth2
£1,20003/240.42 miOld Station Road, Weymouth2
£80003/240.46 miKestrel View, Weymouth, DT3 5QZ2
£1,30004/250.48 mi-2
£80005/240.48 miDorchester Road, Weymouth, Dorset2
£1,05011/240.55 mi-2
£1,05004/240.55 miThe Woodpeckers, Weymouth2
£80005/240.6 miPipit Close, Weymouth2

Local Area Statistics

Population in DT3

23,348

Population in Weymouth

60,286

Town centre distance

1.78 miles away

Nearest school

0.40 miles away

Nearest train station

0.24 miles away

 

 

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £195,000

March 4, 2025

Floor Plans

Description

  • Requires Updating Throughout +
  • Vacant No Forward Chain +
  • West Facing Rear Garden +
  • Close To Open Countryside & River Wey +
  • UPVC Double Glazed windows +

Renovation Project. A two bedroom terraced cottage located on the main Dorchester Road at Broadwey a short walk from the River Wey and open countryside. Requiring a full modernisation program the property offers well portioned accommodation with two ample bedrooms, two reception rooms and a small kitchen. There is a lean to conservatory to the rear with access to a WC and a door to a west facing rear garden. N.B. there is no off road parking included with this property

Entrance Hall - Under stairs cupboard

Lounge - 3.45 x 3.04 (11'3" x 9'11") - Bay window,

Dining Room - 3.56 x 2.99 (11'8" x 9'9") -

Kitchen - 2.66 x 2.03 (8'8" x 6'7") - Sink unit

Lean To Conservatory - 3.50 x 2.85 (11'5" x 9'4") - Door to rear garden

Wc - With WC

Store - 1.78 x 1.41 (5'10" x 4'7") -

Landing -

Bedroom 1 - 4.28 x 3.03 (14'0" x 9'11") - Bay window, door to cupboard

Bedroom 2 - 3.57 x 2.65 (11'8" x 8'8") -

Shower Room - 2.65 x 2.35 (8'8" x 7'8") - Walk in shower, wash hand basin, wc wall mounted gas boiler for hot water

Outside - There is a right of way across the rear of the property allowing some neighboring property's access to Dorchester Road
The garden to the rear is L shaded and is partly held on a separate deed

No Parking - There is no off road parking included with this property

Council Tax - Band B with Dorset Council

Utility Supplies - Mains gas, electricity water and drainage connected

Construction - Traditionally built with mixture of brick and stone elevations under a pitched roof, rear conservatory are has single skin walls

Phone And Broadband Signal Strength And Coverage - O2 & 3 signals are strong, Vodafone & EE are average
TV, Sky & BT are available Virgin in not available
Broadband estimated standard 18 mbps superfast 80 mbps ultrafast is not available yet

Flood Risk - Rivers & Sea no risk, Surface water medium risk

Legal Disclaimer - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of
representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate. Any details including (but not limited to): lease details, service charges, ground rents & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

Agent Details

Hull Gregson Hull, Weymouth

01305 232000

Next Steps?

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