The Olympic effect

Published in Dorset Magazine October issue

When considering Olympic legacy and property, it is most commonly London that is the topic of discussion.
But what of the other largest sporting venue outside the capital, Weymouth?
The town witnessed some of the most memorable highlights of the Olympic and Paralympic games, and provided the stunning backdrop for a clutch of medals for Team GB.
Thousands of enthralled visitors and locals watched from the historic Nothe Fort and nearby beaches as Ben Ainslie crowned a sparkling sailing career with a fourth gold medal.
Windsurfer – and longtime Weymouth resident - Nick Dempsey won a silver medal, and there was a first ever Paralympic gold medal in sailing for Team GB.
Weymouth – often overlooked among Dorset’s wealth of beautiful seaside resorts – never looked better than during the Games. 
Millions of pounds were invested by the council to improve roads and facilities and, as a result, Weymouth dazzled in front of a worldwide audience of millions. 
From the Jurassic coast to the Isle of Portland and Weymouth itself with its regency seafront and golden sands, many viewers and visitors were discovering the town for the first time.
For locals and Dorset connoisseurs who have never previously considered Weymouth as anywhere other than a seasonal resort or day trip destination, the Olympics has highlighted its all-year, all-round attraction.
Domvs estate agents, specialists in premium properties in the county – particularly on the coast – have noticed an Olympic effect.
Polly Greenway, director of Domvs has noticed a particular increase in interest in properties close to the beach in Weymouth. One area that benefitted not only from the sailing action out on the water but also the various cultural events staged along the beaches is Greenhill.
“There has definitely been an Olympic effect,” said Polly. “We have had a lot of telephone calls from people who saw Weymouth on the television during the games and are now expressing an interest in living here. It’s a wonderful development, and it’s what Weymouth deserves. It’s a beautiful town with lots going for it and has a wealth of reasonably priced seaside properties.”
One four bedroom townhouse, right on the beach on Greenhill, is under offer for well in excess of the asking price with three people – including a buyer from abroad and another from outside Dorset – bidding for it.
Slightly further back from the sea, still on Greenhill, a double fronted Edwardian house with five bedrooms and four reception rooms is also under offer for way in excess of the asking price to a couple relocating from London.
Greenhill is famed for its substantial Victorian and Edwardian houses dating back to a time when Weymouth was Britain’s premier holiday destination. A large family house on Greenhill with views of the sea sells for an average price of £650,000.
Another Olympic effect has been a renewed interest in parts of town such as the historic harbour and around Nothe Fort.
Domvs has a stunning investment property for sale directly overlooking the harbour. Custom House Quay is a six-bedroom townhouse, with panoramic views and – uniquely for this part of town where parking is at a premium – five car parking spaces. This house is on the market at £495,000 and has already attracted considerable interest from investors outside the area.
Another notable house for sale with Domvs is on Belle Vue Road, overlooking the Olympic sailing course. 
Houses rarely come on the market in this street so there is a great buzz about this sale. With seven bedrooms, four reception rooms, an indoor swimming pool and two acres of gardens stretching down to the beach, this house – on at £1.4m - rivals anything in the Purbecks or Sandbanks, only not in price. 
Thousands of people have visited Weymouth during the Olympics and millions more have seen it on television.
Now it is on the up, with serious property for sale, at unbelievably good value compared to other parts of Dorset.
Post Olympics, Weymouth is a serious place to live and invest - and somewhere that an ever-burgeoning number of people would like to call home.

DOMVS: 28th Sep 2012 14:52:00