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Reforne, Portland, DT5

South West

£160,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
706 sqft

Description

This three-bedroom period cottage, nestled in the charming and historic Reforne area of the Isle of Portland, presents a notable opportunity for those interested in home renovation or investment. With a south-facing rear garden, this property offers both light and potential for outdoor enhancements. While the cottage requires comprehensive modernization, it stands as a blank canvas ready for transformation into a personalized living space or rental unit. Stepping inside, the sitting room greets you with its inviting layout that acts as the central hub of the home. There’s potential to optimize the under-stair space for additional storage solutions. Advancing to the back of the cottage, the kitchen is equipped with fitted cabinets and sufficient workspace while also accommodating necessary appliances. The adjoining utility area features a shower room and provides direct access to the garden. The first floor houses the principal bedroom alongside a family bathroom, which includes amenities such as a bath with shower over, wash basin, and W.C. The principal bedroom is spacious enough to include built-in storage solutions, catering to various needs. On the top floor are two additional single bedrooms that can serve multiple purposes—ideal as guest rooms, home offices, or creative spaces. One of these bedrooms benefits from eaves storage, enhancing practicality. The rear garden’s south-facing aspect not only ensures ample sunlight but also creates an ideal setting for relaxation or social gatherings. Given its location near Easton Square and within walking distance to local shops, cafés, and public transport links around Portland, this property is well-situated for both residential living and rental prospects. This cottage embodies a rare chance to acquire a property in one of Portland’s more established neighborhoods—ripe for renovation into either a stunning personal residence or an attractive investment opportunity tailored to current market demands.

Investment Analysis

(DT5 area)

Below Market Value

This property is priced -14.7% below area average per sq ft

-14.7%
Potential saving
This Property
£227/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£232
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£206,420
10% above area average per sq ft
Potential ROI
-14.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (DT5)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -1.0%
5 year growth: 15.9%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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