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See how verdicts work2-bedroom flat · BH8 8UA
For saleReduced £5k (−2.8%) on 6 FebListed 353 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern ground-floor apartment is perfectly situated in the highly desirable Charminster area offering convenient access across town and to the Wessex Way, local high street and Bournemouth town centre.
The property features a well-designed open-plan kitchen and living area, with the kitchen neatly positioned "off the lounge" fitted with oven and hob.
There are two bedrooms, with one a spacious double, and the other a versatile single bedroom, ideal for use as a guest room, office, or nursery.
There is a modern and fully tiled bathroom with a bath and a shower facility for added convenience.
The location offers easy access to all locations across town, either by car or public transport with bus services running along the road.
Charminster high street with its shops and restuarants is within easy walking distance. Additional Features: One allocated parking space.
The block has double glazing and gas central heating, with a new boiler fitted in January 2023.
The apartment is rented at £1000pcm on a fixed AST to June 2025 (tenant also pays £160 to the landlord toward some bills). The tenancy began in June 2024. Which has potential rental yeilds of c.6.6%.
Further information - Council Tax Band - B EPC Band - D Ground Rent - Peppercorn Service Charge - £1400pa Years remaining on lease - 197 Nearby - Bournemouth Square - 1.6 miles Bournemouth Hospital/Littledown Centre - 2.2 miles Castlepoint Shopping Centre - 2.3 miles Springbourne Roundabout (Wessex Way) - 0.6 miles.
Bournemouth Railway Station - 1.7 miles Don't miss out on this fantastic property—contact us today to arrange a viewing!
Value & comps
No previous sales on record.
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 asking
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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 151 Richmond Park Road, Bournemouth,
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