Maiden Street, Weymouth, DT4
SH

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 %
from 222,035.00 £
Est sale value
538,143.00 £
Increased by 1.35 %
from 530,967.76 £
Average area rental value
838.00 £/mo
Decreased by 15.86 %
from 996.00 £/mo
Est letting value
1,793.81 £/mo
Unchanged by 0.00 %
from 1,793.81 £/mo
Est rental Yield
5.54 %
Increased by 2.97 %
from 5.38 %
Crime Rate
47.00 %
Unchanged by 0.00 %
from 47.00 %

Agent Activity

  • Sharp Sales Lettings marked this listing as sold.

  • Sharp Sales Lettings created the listing.

Nearby Schools

NameTypeOfstedDistance
Sure Start Weymouth And PortlandChildren's Centre0.30 KM
Arbour House SchoolOther Independent Special SchoolGood1.25 KM
Weymouth CollegeFurther EducationGood1.50 KM
Holy Trinity Church Of England Vc Primary School & Community NurseryVoluntary Controlled SchoolGood1.67 KM
Beechcroft St Pauls Cofe Primary SchoolAcademy ConverterRequires improvement1.70 KM

Images

Existing ground and first floor Existing second floor and roof Proposed ground and first floor Proposed second floor and roof

Nearby Streets

NameAverage PriceAverage SqftDistance
Coburg Place £ 000.00 KM
Pilgrims Way £ 000.00 KM
Cove Passage £ 000.00 KM
Hope Street £ 525,00000.00 KM
Cove Street £ 379,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Weymouth5965WEY0.63 KM
Upwey5967UPW4.51 KM

Nearby Listings

AddressPriceTypeScoreDistance
Bond Street, Weymouth, DT4 £ 425,000BUY5 / 100.02 KM
Bond Street, 2 Bond Street, Weymouth £ 350,000BUY6 / 100.03 KM
Bond Street, Weymouth £ 240,000BUY6 / 100.03 KM
Weymouth £ 900,000BUY3 / 100.03 KM
Bond Street, Weymouth £ 98,000BUY6 / 100.04 KM

Nearby Properties

AddressPriceDistance
5 New Street £ 180,0000.04 KM
47a The Esplanade £ 282,0000.06 KM
25 Maiden Street £ 190,0000.06 KM
9b St Alban Street £ 102,5000.09 KM
2 St Alban Street £ 140,0000.09 KM