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Parkwood Road, Bournemouth

PROPERTY TYPE

Detached

BEDROOMS

8

BATHROOMS

3

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.

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Key features

  • * Large character 8-bedroom house.
  • * Full HMO License.
  • * Generating £42,000 per annum delivering an impressive 8.5% yield!
  • * 8 letting rooms and 3 modern shower rooms.
  • * Great location - near town centre, beaches and various university buildings.
  • * Owned by current owner for last 15 years (98% occupancy achieved over this time).
  • * Sold as a going concern, fully furnished and with tenants in situ.
  • * Off road parking for 1 car and a rear garden.
  • * Potential to redevelop into 5 self-contained flats STPP.
  • * Call Anderson Reid Estates to book a viewing on 01202429858

Description

ATTENTION INVESTORS! Large HMO property generating £42,000 income per year which delivers an impressive an impressive 8.5% rental yield. FULL HMO LICENSE, 8 large bedrooms, beautiful character building. Located near town centre, beaches and various university buildings. This investment property has been owned by the current owner for the last 15 years and has been well maintained over the years. A great value and high yielding investment property.

Description
This is a wonderful opportunity to acquire a high yielding property with a full HMO license. This investment currently generates £42,000 per annum which delivers an impressive 8.5 % rental yield. The property has been managed well over recent years and boasts an impressive 98% occupancy.

The property is a large semidetached character property with accommodation split over 3 floors. There are 8 letting rooms, a communal kitchen and open plan lounge, 3 modern shower rooms, off road parking for 1 car and a rear garden. The property is being sold as a going concern, fully furnished and with tenants in situ which will deliver an income from day 1!

The location is very popular for room rentals and is located near Bournemouth Town centre, beaches and various university buildings. There is a plethora of bus routes and transport links nearby and is walking distance to banks, restaurants, shops and a post office. Only a 5-minute walk to the beach and located in a popular road in BH5.

Due to the size of the property, we believe planning would be granted to convert this building into 5 self-contained flats. We believe more units could be achieved through a larger scale development, if desired. We encourage any interested parties to make their own enquiries with Bournemouth Council.

Contact Anderson Reid Estates to book a viewing on 01202429858 or visit us at www.andersonreid.com. Please note that the property is tenanted, and 24 hours’ notice will be needed to arrange access.

Energy performance certificate - not provided

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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Parkwood Road, Bournemouth

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pokesdown Station0.3 miles
  • Bournemouth Station1.5 miles
  • Christchurch Station2.1 miles
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About the agent

Anderson Reid Estates, Poole

296 Sandbanks Road, Parkstone, Poole, BH14 8HX

Anderson Reid Estates, Poole

Anderson Reid Estates are a family run, local independent and flexible high street Estate & Letting Agent committed to delivering our clients with industry leading customer service. Established in 2011, we cover all of Bournemouth and Poole and operate out of our high street office located in Lilliput, near Sandbanks.

We have 40 years combined experience in the local property market and are members of The National Landlord Association, The National Association of Estate Agents and we co

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Industry affiliations

Ombudsman for REsale Estate Agents (no OFT logo)National Association of Estate Agents Licensed Member

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Disclaimer - Property reference 1087. 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 Anderson Reid Estates, Poole. 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.

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