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Spencer Road, Bournemouth, Dorset, BH1 3TE

PROPERTY TYPE

Semi-Detached

BEDROOMS

10

BATHROOMS

10

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 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.
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.
Allocated
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
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

Spencer Road, Bournemouth, Dorset, BH1 3TE

Approximate location
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Affordability

Monthly repayments£4,764
Property: £ 950,000
Deposit: £ 95,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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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.

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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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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