How can you find a good property deal in Weymouth , Portland or Dorchester?
I was talking to a one of our landlords the other day, when he explained that there were no property bargains for him to buy in Weymouth or Dorchester.
Now, none of us can look at a property and say ‘thats a bargain’ without doing some research so I looked at some properties that have actually ‘been’ bargains for their new owners and conversely cost their original owners quite a bit of cash.
A flat in Oakbury Drive sold for £157k in December 2008. In Jan 2015 it sold for £132k , a nearly 16% drop in price over 7 years! Another at Nautica in St Albans Street, Weymouth has just sold for £115k and originally cost the owner £130k in March 2010 nearly 12 % higher.
Similarly, a three bed house in Chickerell Road has just sold for £159k, £10k less than it was bought for in 2011.
The price of property varies on whether you have a motivated seller or canny buyer and it is still possible to pick up a bargain wherever you are. Only research can tell you how much of a bargain it is.
Whether you are a Landlord of ours or not, drop by our offices at the top of St Thomas Street if you would like any advice or help finding out this kind of information.