Studio flat · BH1 4HP
Sold STCListed 189 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Studio Flat with Outside Space, 93 Palmerston Road, Bournemouth, BH1 4HP - Vacant Possession Guide Price £45,000 to £65,000 * Buyers Premium Applies For sale by unconditional online auction.
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk Town & Country Property Auctions are delighted to offer For Sale by Public Auction this modern ground floor studio flat in Palmerston Road, Bournemouth, BH1.
The property benefits from a separate fitted kitchen, lounge/ bedroom space and shower room. Further benefits also include a private entrance and use of a garden to the front of the property.
The property will be vacant on completion. The property will be entered into our 14th May auction which is held online and starts at 10am. You must register to bid and download the legal pack.
PROPERTY FEATURES . Studio Apartment . Fitted Separate Kitchen . Living Space . Modern Shower Room . Property Tenure: Leasehold Approx 115 Years Remaining . Ground Rent: NIL .
Service Charge: As and When Basis Shared Between the Other Flats . Current Rental Value of £700 PCM . Cash Buyers Only . 56 Day Completion ADDITIONAL INFORMATION . Property Tenure: Leasehold .
Length of lease remaining: 115 . Annual ground rent: £0 VIEWING ARRANGEMENTS We will be holding viewing slots, please call us on . The property is available for viewing immediately.
Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 4%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.
All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.
To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.
To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion.
The legal pack is available to download free of charge under the LEGAL DOCUMENTS'.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About GFF, 93b Palmerston Road, Bournemouth, Bournemouth Christchurch Poole, BH1 4HP
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