Flat 3 Melcombe Court, Melcombe Avenue, Weymouth, Dorset

Description

A ground floor flat forming part of a purpose built block. The flat is presented in reasonable decorative order. Allocated parking space.

Accommodation

Ground Floor - Reception Room, Kitchen, Two Bedrooms (one with en-suite Shower/WC), Bathroom/WC

Location

Located near to the junction of Melcombe Avenue and Westerhall Road. An extensive range of shopping facilities can be found nearby in the centre of Weymouth. The sea front provides a range of recreational amenities to the area. Transport: National Rail - Weymouth.

Tenure / Property Information

Investment Analysis

The supplied completed sales indicate a broad evidence range of £205,000 to £270,000. The most directly relevant evidence is Melcombe Court, 2 at £205,000 in October 2024, while nearby Melcombe Avenue leasehold flats sold for £226,000–£270,000 between June 2025 and March 2026. These comparables are not confirmed as identical in size, condition, floor, parking or lease terms, so the base GDV is estimated at £230,000, with a cautious low scenario of £205,000 and high scenario of £270,000. The £125,000 guide is materially below the comparable evidence, but buyer fees, VAT and seller charges are unspecified.

Investment Snapshot

Strategy Recommendation

Investigate as a potential value-led purchase, subject to viewing, lease/service-charge review, legal pack review and obtaining rental and all auction-cost evidence. Do not set a maximum bid from the supplied evidence alone.

Works Required

The flat is described as being in reasonable decorative order. No specific defects or refurbishment requirements are evidenced. Allow for inspection and any minor cosmetic or compliance works identified, but no quantified works allowance is supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is substantially below the supplied comparable sale range, creating apparent value potential. However, refurbishment costs, acquisition charges, rent and finance assumptions are unavailable, so total project cost, refinance proceeds and cash left in cannot be calculated. The stated lease runs to 3014, subject to review of the full lease and charges.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, gross yield and BTL affordability cannot be established. The flat has two bedrooms, allocated parking and vacant possession, but the rental case requires local letting evidence and confirmation of running costs.

Flip Analysis

A resale value around £230,000 is supported as a provisional base scenario by the supplied nearby completed sales. A flip surplus cannot be calculated because refurbishment, buyer, VAT, seller and resale costs are not quantified. Comparable properties are not confirmed as identical in specification or condition.

Investor Risks & Due Diligence

• Buyer premium, VAT applicability and seller charges are unspecified.

• No sufficiently specific rental evidence is supplied, preventing yield analysis.

• The comparable sales are not confirmed as identical in size, condition, floor, parking or lease terms.

• Leasehold service charges, ground rent and other lease liabilities are not supplied.

• EPC, council tax, heating details and detailed legal-pack information are absent.

• The flat's actual condition beyond being in reasonable decorative order has not been independently verified.

Recommendation

Investigate as a potential value-led purchase, subject to viewing, lease/service-charge review, legal pack review and obtaining rental and all auction-cost evidence. Do not set a maximum bid from the supplied evidence alone.

Strategy Rating

Analysis Confidence

There are several recent nearby completed sales, including one in Melcombe Court, but the comparables lack detailed specification and there is no rental, condition-cost, EPC, service-charge or fee evidence.