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COMMERCIAL

Spencer Road, Bournemouth, Dorset, BH1

Guide Price
£950,000
Foxes Sales & Lettings, Bournemouth
PROPERTY TYPE

Guest House

BEDROOMS

10

BATHROOMS

10

SIZE

Ask agent

Floor/Site plan 1
1

Key features

  • Investment Property
  • Possible Home & Income
  • HMO Potential
  • Development Potential
  • Potential To Extend STPP
  • Currently Arranged as Six Flats
  • Rear Garden
  • Garage & Car Port (potential to develop STPP)
  • Annual Income in Excess of £70,000

Description

An outstanding investment opportunity awaits on Spencer Road, Bournemouth, presenting a versatile property with significant income generation and future development potential. This substantial house, currently configured as six self-contained flats, makes an ideal prospect for a discerning investor or a buyer seeking a home with an income stream.

The property currently yields an impressive annual income in excess of £70,000, providing an immediate return on investment. Its current arrangement as six separate dwellings offers flexibility, catering to a diverse tenant base in a popular Bournemouth location. Each flat is designed to be self-sufficient, contributing to the property's strong rental performance.

Beyond its immediate income, this property offers considerable scope for enhancement and expansion. There is significant HMO (House in Multiple Occupation) potential, allowing for a reconfiguration to maximise rental yield, subject to the necessary planning consents. Furthermore, the existing structure presents exciting development potential, offering the possibility to redevelop or extend the property, again subject to planning permission. This could involve creating additional units or enhancing the existing ones to further increase value and income.

Externally, the property benefits from a rear garden, providing valuable outdoor space for residents. A garage and car port are also included, offering secure parking and storage. These external features also hold development potential, with the possibility of converting or extending these structures, subject to planning permission, to create additional living space or amenities.

Located on Spencer Road, the property enjoys a desirable position within Bournemouth, known for its vibrant town centre, beautiful beaches, and excellent transport links. Residents will benefit from easy access to local amenities, shops, restaurants, and leisure facilities, as well as proximity to Bournemouth University and the A338, connecting to the wider road network. This prime location ensures consistent demand for rental properties, underpinning the investment's long term viability.

Whether you are an experienced investor looking to expand your portfolio, or an individual seeking a unique home and income solution, this Spencer Road property offers a rare combination of immediate returns and future growth potential. Early viewing is highly recommended to fully appreciate the scope and value on offer.

Spencer Road, Bournemouth, Dorset, BH1

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bournemouth Station0.4 miles
  • Pokesdown Station1.3 miles
  • Branksome Station2.8 miles

About Foxes Sales & Lettings, Bournemouth

2 Poole Hill, Bournemouth, BH2 5PS

Foxes Sales & Lettings has been established since 1996 and specialises in the sale and rental of residential properties in Bournemouth, Poole and surrounding areas.

We take a fresh approach to the sale and rental of properties and value the importance of keeping things simple. We offer free property appraisals, competitive rates and a no sale/no let - no fee service. Our staff have decades of combined experience, making us one of the most knowledgeable and established agencies in the area.

With Foxes, you can expect the whole procedure to run smoothly from start to finish. We are always more than happy to meet for an informal chat to establish your requirements and advise on the service that best suits you.

Notes

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Disclaimer - Property reference FXS_BRN_LFSYCL_711_898499070. 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 Foxes Sales & Lettings, Bournemouth. 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.

Map data ©OpenStreetMap contributors.

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