ROI = 10% BMV = 13.03%
Description

Discover a delightful two double-bedroom character apartment, nestled on the top floor of a meticulously maintained converted block. This exclusive property offers not just a home but an investment, with the option to retain our reliable tenants who currently pay £1000 per calendar month on a rolling contract. This spacious second-floor apartment is brimming with character and enjoys a prime position close to Boscombe town centre, the pier, and the sea front. It's the sole residence on the top floor, offering a unique sense of privacy and tranquility. Upon entering, you're welcomed by a secure entry system leading to a communal entrance and stairs to the second floor. The entrance hall provides access to all rooms. The bright lounge, with its double aspect south and west-facing windows, invites plenty of natural light. The separate kitchen/diner is well-equipped, offering ample space for appliances. Both double bedrooms boast double aspects, with one positioned at the front and the other at the rear of the property. A well-appointed bathroom completes the accommodation. Presented in excellent condition throughout, this property is perfect for first-time buyers, second home owners seeking a beach retreat, or as a buy-to-let investment. Area Overview: Boscombe is a well positioned suburb of Bournemouth, ideally positioned between Bournemouth town centre and Southbourne. The area features a mix of established independent stores and popular retail chains. Residents can enjoy the award-winning sandy beaches, pier, promenade, and Chine Gardens, which have recently undergone extensive improvements. The seafront is dotted with restaurants, a surf school, and popular bars/bistros serving local produce. Transport links are excellent, with mainline train stations at Pokesdown and Bournemouth providing direct routes to Southampton, Southampton Airport, and London Waterloo. Bournemouth International Airport, located just 6 miles away, offers a wide range of flights to European destinations. Tenure: Leasehold: 980 years remaining Ground Rent: 150 Maintenance: £850 per annum Pets: Allowed with freeholder permission Tenancy in place on a rolling contract paying £1000pcm, approx 6.2% gross yield All compliance certificates are in date, with the EICR expiring in 2025 Projected Rental Income: Approx. £1100 per month

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Property Details
  • Property ID: 157565294
  • Added On: 2025-01-30
  • Deal Type: For Sale
  • Property Price: £200,000
  • Bedrooms: 2
  • Bathrooms: 1.00
Amenities
  • Investment Opportunity
  • Parking
  • Central Heating
  • Close to local amenities
  • Close To Beach
  • Management incentive available
  • No forward chain
  • Second Floor