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Woodmead Road, Lyme Regis

South West

£550,000
Listed on 25/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1470 sqft

Description

This four-bedroom detached house, believed to originate from the 1930s, is situated in a tranquil yet conveniently located area, just a short walk from local amenities and the scenic Cobb and seafront. The property holds significant potential for renovation, allowing buyers to create a spacious family home tailored to modern needs while retaining its original charm and character. The layout includes an inviting reception hall that leads to several living spaces. The living room features a cozy gas fire and has direct access to a conservatory that offers pleasant views of the rear garden. Adjacent is a dining room with large front-facing windows and a traditional fireplace. The kitchen, while functional, presents opportunities for updates with its current setup of wall and base units and space for essential appliances. The first floor consists of four bedrooms, two of which boast dual aspects for natural light and views of the sea beyond. Each room has built-in storage solutions, adding to their practicality. The existing bathroom includes both a panelled bath and a separate shower cubicle but could benefit from modern fixtures to enhance comfort. Outdoor space is generously provided with gardens wrapping around the property. The rear garden is predominantly lawned with various shrubs, offering a peaceful retreat or space for further landscaping projects. A substantial detached garage complements the property along with driveway parking, adding convenience for residents. With no onward chain, this property represents an ideal opportunity for buyers looking to invest in a home that requires some refurbishment but promises excellent potential value enhancement through thoughtful renovations. Its desirable location near coastal attractions makes it particularly appealing for those seeking both residential comfort and investment prospects.

Investment Analysis

(DT7 area)

Below Market Value

This property is priced -9.8% below area average per sq ft

-9.8%
Potential saving
This Property
£374/sq ft
Area Average
£415/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£670,651
10% above area average per sq ft
Potential ROI
+9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (DT7)

Area prices are rising by +7.3% over the last 12 months
3 year growth: 15.9%
5 year growth: 36.4%
Investment Disclaimer: Analysis based on DT7 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

Woodmead Road, Lyme Regis
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE