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Weymouth

South West

£190,000
Listed on 01/11/2024

Property Details

Bedrooms
4
Type
Terraced house

Description

This Grade II Listed mid-terrace property presents a unique opportunity for renovation and investment, ideally situated near Weymouth's picturesque beach and lively town center. The home is currently in need of comprehensive refurbishment, offering buyers the chance to tailor the space according to their vision, pending relevant planning permissions. The layout encompasses two generous reception rooms on the ground floor, one of which could be transformed into a modern kitchen. Access to a spacious basement adds significant potential, allowing for various uses such as additional living space or storage. On the upper levels, you will find four sizable double bedrooms that provide ample room for customization. The property’s current condition means it is being sold to cash buyers only, making it an ideal project for those looking to invest in a property with substantial potential. With vacant possession and no onward chain, this home allows for immediate redevelopment opportunities. Prospective buyers are encouraged to explore the various possibilities that this space offers to meet their needs while considering any necessary approvals from local authorities. Overall, this property is a canvas waiting for creativity and renovation, making it an appealing prospect for those seeking a rewarding investment in a desirable location.

Investment Analysis

(DT4 area)
Area Average
£306/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £130,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (DT4)

Area prices are falling by +2.8% over the last 12 months
3 year growth: 0.5%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on DT4 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

Weymouth
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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
£696
Based on a loan of £142,500 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