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Lyme Regis, Dorset

South West

£400,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1202 sqft

Description

This property presents a solid opportunity for those looking to invest in a renovation project within the picturesque coastal town of Lyme Regis. The entrance hall offers practical storage solutions and access to useful loft space, setting a functional tone for the home. The sitting room enjoys dual aspects, flooding the space with natural light and showcasing pleasant sea views, complemented by a charming exposed brick fireplace—a feature that could be enhanced during renovations. The dining room, accessible through sliding doors from the sitting room, opens onto the garden and provides lovely countryside vistas, perfect for entertaining guests. The kitchen overlooks the rear garden and is equipped with essential units but could significantly benefit from modernisation to enhance its functionality and aesthetics. A rear hallway leads to a separate W.C. and provides access to outdoor areas. With three bedrooms available, there's potential for configuration according to personal preferences; the principal bedroom boasts built-in wardrobes while additional bedrooms could serve as studies or hobby rooms post-renovation. The shower room features essential amenities but may require updates to meet contemporary standards. Externally, established gardens surround the home including various seating areas and ponds that offer unique landscaping potential. The tandem garage adds significant value with its storage options. This property is also subject to probate, which may present an opportunity for enterprising investors willing to navigate this process.

Investment Analysis

(DT7 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£333/sq ft
Area Average
£414/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£547,986
10% above area average per sq ft
Potential ROI
+21.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (DT7)

Area prices are falling by -2.4% over the last 12 months
3 year growth: +2.9%
5 year growth: +17.1%
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

Lyme Regis, Dorset
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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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