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Reforne, Portland DT5

South West

£140,000

Listed on 07/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace House
Area
706 sqft

Description

Situated in the picturesque Reforne area of Portland, this three-bedroom period cottage is a promising project for those with a vision. Offering an unbroken chain sale, this property combines its unique character with the potential for substantial renovation. With local amenities and the island’s remarkable scenery nearby, it boasts a prime location for families and investors alike. The cottage retains many original features that provide a solid foundation for modernization. While it requires updating throughout, this aspect allows a buyer to craft a personalized living environment that reflects current trends while retaining historical charm. The reception room invites relaxation and social activities in its cozy space, while the existing ground-floor shower room adds functionality suitable for family use or guest accommodation. The kitchen, which opens directly onto the garden, awaits your creative touch to transform it into a culinary space that meets modern demands. On the first floor, you'll discover three bedrooms ready to serve as comfortable sleeping quarters or potential home office spaces. A family bathroom on this level presents another area ripe for contemporary upgrades. A key highlight is the garden with its southerly aspect—ideal for sun-soaked afternoons spent outside—whether dining al fresco or nurturing a garden retreat. This outdoor area benefits from abundant natural light throughout the day, enhancing both indoor and outdoor living experiences. Reforne offers access to vibrant Easton Square just moments away, where shops, cafes, and essential services are within easy reach. With excellent transport connections leading to Weymouth and beyond, the location serves as an attractive base for residents and commuters alike. Known for its stunning coastline and rich history, Portland provides an enviable lifestyle. This cottage not only serves as an ideal family home but also presents an excellent investment opportunity with strong rental prospects due to Portland's popularity as a holiday destination. By undertaking renovations to this property, one could significantly increase its rental value or create a bespoke family residence tailored to individual tastes. Take advantage of this rare opportunity to design and execute your dream home in a desirable locale—early viewing is advisable to fully grasp the potential of what this charming period cottage has to offer.

Investment Analysis

(DT5 area)

Below Market Value

This property is priced -23.5% below area average per sq ft

-23.5%
Potential saving
This Property
£198/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£201,295
10% above area average per sq ft
Potential ROI
+11.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DT5)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -3.5%
5 year growth: +12.7%
Investment Disclaimer: Analysis based on DT5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Reforne, Portland DT5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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