2 Bed Flat, Refurb/BRRR, Weymouth, DT4 0HX, £160,000

136 Knightsdale Road, Weymouth, DT4 0HX - 2 views - 7 months ago

Leasehold
Refurb/BRRR
ROI: 3%
59 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

59 m²
Price/m²£2.7K/m²

Value Estimate

£163,715
BMV2%

 

 

End Value (After Refurb)

£171,875

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£23,918

Bridging Loan Interest

£4,200

Total Cash In

£79,068

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,875

Mortgage (After Refinance)

£128,906

Mortgage LTV

75%

Cash Released

£8,906

Cash Left In

£70,162

Equity

£42,969

Rent Range

£750 - £1,200

Rent Estimate

£973

Running Costs/mo

£752

Cashflow/mo

£221

Cashflow/yr

£2,655

ROI

3%

Gross Yield

7%

Local Sold Prices

41 sold prices from £100K to £440K, average is £170K. £1.7K/m² to £4.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£140K11/210.04 mi15, Emmadale Close, Weymouth, Dorset DT4 0NU2
£128K01/210.16 mi209a, Abbotsbury Road, Weymouth, Dorset DT4 0LY2
£160K11/210.33 mi16, Essex Road, Weymouth, Dorset DT4 0BA2
£140K09/210.36 mi2, Salisbury Road, Weymouth, Dorset DT4 0BH2
£100K12/200.38 miFlat 25, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£110K12/200.38 mi46a, Granville Road, Weymouth, Dorset DT4 0BQ2
£143K08/210.39 miFlat 1, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£100K12/220.4 miFlat 52, Jenner Court, Stavordale Road, Weymouth, Dorset DT4 0AF2
£165K09/210.43 mi107, Norfolk Road, Weymouth, Dorset DT4 0PS2
£165K12/200.47 miFlat 11, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£175K12/200.47 miFlat 12, Davenport Court, Doulton Road, Weymouth, Dorset DT4 0GX2
£200K11/220.47 miFlat 7, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£220K08/230.47 miFlat 15, Davenport Court, Doulton Close, Weymouth, Dorset DT4 0GX2
£145K09/210.54 mi26a, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£124.5K04/210.54 mi28, Tollerdown Road, Weymouth, Dorset DT4 0SQ2
£440K04/210.55 mi6b, Goldcroft Avenue, Weymouth, Dorset DT4 0ET2
£222K11/200.55 mi35, Cross Road, Weymouth, Dorset DT4 9QX2
£250K05/230.55 mi39, Cross Road, Weymouth, Dorset DT4 9QX2
£122.5K08/210.58 miFlat 6, Briarswood, St Leonards Road, Weymouth, Dorset DT4 8RE2
£195K03/230.59 miFlat 5, Rodwell Lodge, Rodwell Road, Weymouth, Dorset DT4 8QT2
£187K03/210.59 miFlat 9, Compass South, Rodwell Road, Weymouth, Dorset DT4 8QT2
£190K04/210.6 mi120, St Leonards Road, Weymouth, Dorset DT4 8LB2
£122.5K02/210.6 mi15, Chapelhay Heights, Weymouth, Dorset DT4 8JN2
£160K05/210.63 mi1, Lincoln Road, Weymouth, Dorset DT4 0HQ2
£220K08/230.66 miFlat 26, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£130K06/210.66 miFlat 36, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£170K06/230.66 miFlat 63, Swannery Court, Commercial Road, Weymouth, Dorset DT4 7TY2
£350K06/210.82 mi24, Clarence Road, Weymouth, Dorset DT4 9EE2
£168.5K11/200.83 mi60, The Maltings, Weymouth, Dorset DT4 8SS2
£153K12/200.83 mi34, The Maltings, Weymouth, Dorset DT4 8SS2
£170K07/230.83 mi16, The Maltings, Weymouth, Dorset DT4 8SS2
£200K10/230.83 mi72, The Maltings, Weymouth, Dorset DT4 8SS2
£187.5K08/230.83 mi80, The Maltings, Weymouth, Dorset DT4 8SS2
£195K03/230.85 mi32, Wellington Court, Weymouth, Dorset DT4 8UA2
£195K12/210.85 mi34, Wellington Court, Weymouth, Dorset DT4 8UA2
£360K06/210.85 miFlat 8, Groves Malthouse, Spring Road, Weymouth, Dorset DT4 8XG2
£207K11/200.86 mi59, Wellington Court, Weymouth, Dorset DT4 8UE2
£172.5K03/210.9 miFlat 11, Belle Vue Court, Belle Vue Road, Weymouth, Dorset DT4 8SA2
£320K04/230.92 miFlat 4, Dolphin Court, Bincleaves Road, Weymouth, Dorset DT4 8RT2
£125K11/220.96 mi12b, Hanover Road, Weymouth, Dorset DT4 7QP2
£122.5K04/210.96 mi30, Walpole Street, Weymouth, Dorset DT4 7HQ2

Local Rents

29 rents from £750/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£99503/240.09 miKnightsdale Road, WEYMOUTH2
£85005/240.18 miFranklin Road, Weymouth2
£85003/240.19 miFranklin Road - Weymouth2
£95003/240.19 miFranklin Road - Weymouth2
£75004/240.21 mi-2
£85001/250.22 mi-2
£1,10003/240.22 miChickerell Road, Weymouth, Dorset, DT42
£95003/240.22 miChickerell Road - Weymouth2
£95004/250.25 mi-2
£1,00003/240.29 miChickerell Road, Weymouth2
£97502/250.3 mi-2
£89505/240.34 mi-2
£89505/240.34 miNewstead Road, Weymouth, DT42
£1,20003/250.37 mi-2
£95003/240.38 miWilton Drive, Weymouth2
£85003/240.39 mi-2
£1,00003/250.42 mi-2
£95004/240.42 miHolland Road - Weymouth2
£1,00002/250.43 mi-2
£79503/240.44 miChickerell Road, Weymouth2
£1,00012/240.44 miAbbotsbury Road, Weymouth2
£87504/240.45 miWyke Road, Rodwell2
£1,15003/240.46 mi4 Wyke Road, Weymouth2
£95005/240.49 miHarbour View - Weymouth2
£1,00004/240.51 mi-2
£1,00004/240.51 miCorscombe Close, Weymouth2
£1,20004/240.51 miJames Street - Rodwell2
£1,10004/240.55 miCorscombe CloseWeymouth2
£1,15003/250.58 mi-2

Local Area Statistics

Population in DT4

36,845

Population in Weymouth

60,286

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £160,000

March 20, 2025

Price changed to £165,000

March 4, 2025

Listed for £171,500

October 1, 2024

Floor Plans

Description

  • First floor 2 double bedroom apartment +
  • Convenient location next to Weymouth swimming pool and gym +
  • Allocated parking and communal drying area +
  • Vacant property being sold with no onward chain +
  • Gas centrally heat and double glazed throughout +
  • Ideal First Time Buy, downsize or investment purchase +

Spacious 2 bedroom first floor apartment in a convenient location close to Weymouth swimming pool and gym with allocated parking. The apartment is presented nicely but would benefit from internal modernisation and is being offered to the market with no onward chain. This would make a fantastic First Time Buy, downsize or investment property.

Entrance Hallway -

Bedroom 1 - 3.98 x 2.76 (13'0" x 9'0") - Side aspect UPVC Double glazed window, mirrored sliding door wardrobe

Bedroom 2 - 2.93 x 2.93 (9'7" x 9'7") - Side aspect UPVC Double glazed window, cupboard housing the boiler

Shower Room - Large shower cubicle with glass screen, WC, hand wash basin and heated towel rail

Living Room - Double aspect UPVC Double glazed windows to the side and rear

Kitchen - Rear aspect UPVC Double glazed window, ample worktop space, one and quarter stainless steel sink, eye level oven and grill, 4 ring gas hob, space for domestic appliance and large storage cupboard.

Outside - Communal drying area, allocated parking and the communal garden.

Lease - Lease length: 999 years from 25th March 1977
Years remaining: 952 years
Service/Maintenance fee: £75.00 pcm

Council Tax - Band A

Other Information - Construction
Traditional cavity wall construction with brick elevations under a tiled roof

Broadband (estimated speeds)
Standard 17 mbps
Superfast 80 mbps
Ultrafast 1000 mbps

Flood Risk
Rivers & Seas Very Low
Surface Water High

Services
The property is supplied with mains gas, electricity and water, and mains drainage.

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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