Suffolk Road, Bournemouth, BH2
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
8
- BATHROOMS
5
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold block of four self-contained flats
- Prime Central Bournemouth location close to town centre & beaches
- Currently producing £54,000 per annum
- Fully let with tenants on standard ASTs
- Three-bedroom flats x2 and one-bedroom flats x2
- Good internal condition throughout
- Development potential to create six flats (STPP)
- Projected income of £77,400 per annum once reconfigured
- Off-road parking for three vehicles
- Private rear gardens and strong rental demand area
Description
Freehold Block of Four Flats | Central Bournemouth | £54,000 p.a. Income | Development Potential (STPP)
A fantastic opportunity to acquire a well-maintained freehold block of four flats in a prime central Bournemouth location, offering immediate income and excellent scope to add value.
Situated in the heart of Central Bournemouth, just moments from the beautiful Bournemouth Gardens leading directly to the pier and award-winning sandy beaches, this property benefits from strong tenant demand and long-term growth potential.
Current Accommodation & Income
The property currently comprises:
Second Floor: Spacious three-bedroom flat with two shower rooms – Let at £1,250 pcm
First Floor: Three-bedroom flat – Let at £1,250 pcm
Ground Floor (Garden Flat): One-bedroom flat with private garden – Let at £1,000 pcm
Additional One-Bedroom Flat: Let at £1,000 pcm
Total Current Income: £54,000 per annum
All apartments are in good internal condition. Tenants are fully referenced and occupy under standard AST agreements. All compliance certificates are available for inspection.
Development Potential (Subject to Planning Permission)
Plans and drawings indicate potential to reconfigure into six flats, comprising:
4 x One-Bedroom Flats
Estimated Rental: £4,000 pcm combined
Estimated Sale Value: £120,000 each
1 x Two-Bedroom Flat
Estimated Rental: £1,200 pcm
Estimated Sale Value: £165,000
1 x Three-Bedroom Flat
Estimated Rental: £1,250 pcm
Estimated Sale Value: £200,000
Projected Income: £77,400 per annum
Estimated GDV: £845,000
Drawings are available to view. All development potential is subject to obtaining the necessary planning consents.
Additional Features
Off-road parking for three vehicles
Private rear gardens
Central town location
Strong rental demand area
Excellent capital growth prospects
This is an exciting opportunity for investors seeking a high-yield buy-to-let with asset management potential, or developers looking to unlock further value in a sought-after coastal location.
**Auction Details**
The property will be entered into our upcoming online (conditional) auction.
You must register to bid and download the legal pack. @ welcomehomesproperty.com/online-auctions/
For further information, rental breakdown, plans, or to arrange a viewing, please contact us today.
Agents note: Some photographs in this listing have been digitally enhanced using image-processing and/or AI technology. Enhancements may include adjustments to furnishings and are intended to illustrate the property’s potential. All photos provided to us by the owner were taken prior to the current tenant in situ - internal viewing is recommend to see current condition.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Suffolk Road, Bournemouth, BH2
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Visit our security centre to find out moreDisclaimer - Property reference 4320e860-7850-4613-9e61-04ad8e38ef07. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Welcome Homes, Iford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Welcome Homes, Iford on 01202 145470.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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