1-bedroom flat · BH13 6BH
Listing removedReduced £20k (−44.4%) on 14 SepListed 216 days
Opportunity summary
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About
A spacious one double bedroom, ground floor retirement apartment, with patio and set in the west wing of this desirable Melton Court Development.
This well thought out retirement living complex includes lovely communal gardens, communal lounge, communal dining room which serves lunch 7 days a week and staff on site 24hrs a day.
The apartment is located less than 200 metres away from a Tesco Superstore, and less than half a mile away from a Lidl store and Branksome Train Station with direct links to London, with Westbourne shopping area a similar distance in the other direction.
• A higher service level of independent living, ran by owners for owners • Immaculate, spacious one bedroom purpose built ground floor apartment in this independent living development for the over 65’s • Well presented throughout • Fabulous kind and community feel to the development • Flat with generous lounge with doors to an outside patio • Although the original kitchen, it is spotlessly clean and tidy including integrated oven, electric hob, extractor, fridge/freezer and space for a small breakfast table • Bedroom with fitted mirror fronted wardrobes • Excellent storage with 3 built in storage cupboards • Spacious wet room with walk in shower • No forward chain and probate granted • Gas central heating & double glazing, fitted carpets and blinds • Communal parking & visitor parking, passenger lift and staff on site 24hrs a day.
Daily checks and 1.5 hours apartment cleaning a week • Built in 1996, Melton Court consists of 90 apartments in 2 buildings, with 44 apartments in the ‘East Wing’ and 46 in the ‘West Wing’.
There are communal lounges in both blocks along with a team of 38 staff • Subsidised 3 course lunches are served in the dining room from £11 – £13 7 days a week with waitress service, morning & afternoon teas are also available with no charge • There are different activities a week including carpet boules, tapestry class, exercise class, bingo, film evenings, bridge evenings, canine caring, prayer group, Desert Island Disc just to mention a few.
Various services available to include: • Communal laundry service (charged at £3.50 for use of machine) • Ironing service available (at £15.10 an hour) • Buggy charging available (charged at £5 an hour) • Handyman charges of £6 per 15 minutes Just along the road is a large Tesco store and Westbourne is ½ a mile away with its range of local cafes, independent shops, restaurants, and bars.
Branksome Train Station is also within ½ a mile and is less than a 2 hour journey to London Waterloo.
The gorgeous Branksome Beach is within 1 ½ miles, which is a beautiful walk through Branksome Chine. Bournemouth Town Centre is within 1½ miles and Poole Town Centre is within 3½ miles.
Term of Lease: 999 years remaining Maintenance Charges: Approximately £953.12 per month – this includes building insurance & water charges council tax band: E EPC rate: C
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About Flat 49 Melton Court, Lindsay Road, Poole
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