Summary - 49b Park Street DT4 7DG
3 bed 2 bath Block of Apartments
Income-producing freehold block near Weymouth beach — strong yield, needs updating..
- Freehold block split into two self-contained flats
- Currently generates £16,800 per year (over 8% yield)
- Large one-bed ground-floor flat with private courtyard
- Two-bedroom duplex with bay-window lounge
- Sold as a going concern and chain free
- Dated interiors; kitchens and finishes need modernisation
- Located in a very deprived area with very high crime
- Small overall size; average broadband, electric heating
A compact freehold block arranged as two self-contained flats, offered as a going concern with immediate rental income. The building currently produces £16,800 per year, giving a headline yield above 8% at the asking price — a clear income-led opportunity for buy-to-let investors or portfolio builders.
Flat layouts are straightforward: a large one-bedroom ground-floor flat with private courtyard, generous lounge/diner and utility area; and a two-bedroom duplex with bay-window lounge and first- and second-floor bedrooms. Both flats have separate accesses and basic built-in storage, making management and tenant turnover simple to organise.
The property sits within walking distance of Weymouth town centre, the beach and the train station, which supports lettings. Key drawbacks are material: the property shows dated internal finishes (mid-century kitchen, low ceilings in places) and will benefit from modernization. Heating is electric/boiler with average broadband; energy improvements are possible but currently limited by the existing fabric.
Contextual risks are important to note: the immediate area is identified as very deprived with very high crime levels, which can affect long-term capital growth and tenant profiles. The building is small in overall size and will suit an investor seeking steady rental return rather than capital appreciation from a low-risk residential neighbourhood. Chain-free and sold as a going concern, it’s ready for an investor to take over income immediately.
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