Weymouth Property Prices and Dorset Review
While Weymouth is well known as a seaside town that offers a warm welcome to tourists, it is also a town that is regarded as a great place to stay. At the last census, the population of Weymouth stood at over 50,000 making it the third biggest settlement in Dorset, with respect to population size, after Bournemouth and Poole.
Weymouth, like any other town, has a property market that is made up of many different factors. The fact that the area is a tourist resort means that there are jobs related to the tourist sector, and this this impacts on the property and rental market. Given the fact that there is a notable level of demand for rental property in Weymouth, it makes sense for potential landlords and investors to investigate what the area has to offer. Anyone who knows the area well understands that Weymouth has a lot of great features and that there are tenants looking for reliable and affordable accommodation. This is always a good starting point for any would be property investor but given the importance and scale of property investment, it is essential that sufficient focus is placed on the financial aspects of Weymouth property and the expected rental yields.
Know how much money you need for your budget
A leading online property specialist states that the average value of property in Weymouth, as of September 2017, stands at £269,801. Over the past 12 months, the average price paid for property in the market is £250,946; which is certainly a price that compares well with many places in the United Kingdom, particularly with what is on offer in Weymouth.
Dorchester is a 9 minute train journey from Weymouth or a 15 minute drive with a population of around 20,000 people. As of September 2017, the average value of property in Dorchester stands at £342,267 and in the past 12 months, the average price paid for property in Dorchester is £312,744. In the past six months, the average price paid for Dorchester property stands at £303,320 while the in the past three months, the average price paid stands at £309,364.
Both Poole and Bournemouth are less than an hour’s drive from Weymouth and hold populations of 147,645 and 183,491 respectively. These coastal towns are fantastic holiday destinations but they are also excellent places for people to set up home. There is no denying that the pleasant climate in Dorset is appealing for many people but the variety of landscapes and local life ensures that this is a part of the country that offers a warm welcome.
The average value of property in Poole stands at £351,867 while in the past 12 months, the average price of property stands at £329,459. In Bournemouth, the average value of property stands at £292,566 while in the past 12 months, the average price of property stands at £278,966. With this in mind, Weymouth can be seen as an affordable option for property in Dorset.
Weymouth has a great deal to offer and when you consider the property prices in the area, it is a fantastic option for people looking for homes in Dorset.