Maiden Street, Weymouth, DT4
By Sharp Sales Lettings
£ 400,000
Reviews
2 out of 5 stars
Sharp Sales Lettings says ..
Exciting Commercial to Residential DEVELOPMENT OPPORTUNITY in a prime location in Weymouth town center. The property has previously been used as a nightclub and comes with FULL PLANNING PERMISION to convert to FOUR, TWO BEDROOM HOUSES.
Property Oracle says ..
This property on Maiden Street, Weymouth, is presented as a commercial-to-residential development opportunity. It’s currently a former nightclub requiring extensive renovation and conversion to four, two-bedroom houses. Planning permission for this conversion is already in place. The images show an interior that’s largely stripped out, with some remnants of the former nightclub fit-out. The property’s location in Weymouth town centre is a major selling point, offering proximity to amenities, transport links (Weymouth Train Station), and several schools. However, the lack of outdoor space and current state of disrepair need consideration. Nearby comparable properties are not directly comparable given their different types (apartments versus houses) and sizes, making a precise price comparison difficult. Potential buyers will need to factor in substantial renovation costs to create the four houses. Therefore, the overall value proposition hinges on the successful execution of the conversion and whether the final sale prices of the four units justifies the initial investment and renovation costs. A detailed cost analysis is crucial before committing to the purchase.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 1,793.81
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 181,667.00 £Decreased by 18.18 %
- Est sale value
- 538,143.00 £Increased by 1.35 %
- Average area rental value
- 838.00 £/moDecreased by 15.86 %
- Est letting value
- 1,793.81 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.54 %Increased by 2.97 %
- Crime Rate
- 47.00 %Unchanged by 0.00 %
Agent Activity
Sharp Sales Lettings marked this listing as sold.
Sharp Sales Lettings created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Sure Start Weymouth And Portland | Children's Centre | 0.30 KM | |
| Arbour House School | Other Independent Special School | Good | 1.25 KM |
| Weymouth College | Further Education | Good | 1.50 KM |
| Holy Trinity Church Of England Vc Primary School & Community Nursery | Voluntary Controlled School | Good | 1.67 KM |
| Beechcroft St Pauls Cofe Primary School | Academy Converter | Requires improvement | 1.70 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Coburg Place | £ 0 | 0 | 0.00 KM |
| Pilgrims Way | £ 0 | 0 | 0.00 KM |
| Cove Passage | £ 0 | 0 | 0.00 KM |
| Hope Street | £ 525,000 | 0 | 0.00 KM |
| Cove Street | £ 379,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Weymouth | 5965 | WEY | 0.63 KM |
| Upwey | 5967 | UPW | 4.51 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Bond Street, Weymouth, DT4 | £ 425,000 | BUY | 5 / 10 | 0.02 KM |
| Bond Street, 2 Bond Street, Weymouth | £ 350,000 | BUY | 6 / 10 | 0.03 KM |
| Bond Street, Weymouth | £ 240,000 | BUY | 6 / 10 | 0.03 KM |
| Weymouth | £ 900,000 | BUY | 3 / 10 | 0.03 KM |
| Bond Street, Weymouth | £ 98,000 | BUY | 6 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 New Street | £ 180,000 | 0.04 KM |
| 47a The Esplanade | £ 282,000 | 0.06 KM |
| 25 Maiden Street | £ 190,000 | 0.06 KM |
| 9b St Alban Street | £ 102,500 | 0.09 KM |
| 2 St Alban Street | £ 140,000 | 0.09 KM |