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See how verdicts work2-bedroom flat · BH19 1FN
Listing removedListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**READY MADE INVESTMENT PROPERTY WITH TENANT IN SITU** Located at Compass Point in North Swanage close to St Mary's Pre and Primary schools and Days Park, this well-designed GROUND FLOOR FLAT has SPACIOUS ACCOMMODATION and a well-designed arrangement of the rooms which includes TWO BEDROOMS, a LARGE LOUNGE/DINING ROOM and KITCHEN with appliances.
Enter via a secure communal door to find the apartment on the left with the main door to the flat opening into a large hallway with two good-sized cupboards for neat storage of cloaks and shoes or electrical appliances.
The spacious Lounge/Dining room has dual aspect windows with an open and pleasant outlook towards Ballard Down and is fitted with easy-care laminate flooring and fitted venetian blinds.
This comfortable room offers ample space for both lounge furnishings and dining furniture.
Directly opposite to the lounge the bright and well-equipped Kitchen has a southerly outlook towards parkland greenery.
It comprises a sleek range of modern worktops, cupboards and drawers with integral appliances such as dishwasher, washing machine and fridge/freezer, gas hob with electric oven under and filtration hood over.
Bedroom One again has a dual aspect with a view to the hills and allows plenty of space for king-size bed and freestanding bedroom furniture.
Bedroom Two is bright with comfortable proportions and equally useable as a guest room or home office.
Finally, the bathroom is stylish with a white suite comprising bath with shower over, pedestal wash basing and WC. The walls are part tiled and laminate flooring has been laid.
Outside, pleasant communal gardens give access to Days Park and pathway towards the main North beach and Ocean Bay which are just over half a mile distant.
To the rear of the block is an allocated parking space and visitor parking, also a useful communal bike store.
Lindsay comprises six apartments constructed in 2023 on the old Grammar School site and is accessed from Northbrook Road.
Swanage town centre, all amenities and attractions are to be found approximately one mile distant and is a hub of independent shops, restaurants and pubs and is a very popular and traditional seaside town surrounded by beautiful countryside and the renowned Jurassic coastline.
Lounge/Dining Room - 4.38m max x 3.92m max (14'4" max x 12'10" max) - Kitchen - 3.02m x 2.12m (9'10" x 6'11") - Bedroom One - 3.92m x 3.43m (12'10" x 11'3") - Bedroom Two - 3.63m max x 2.74m max (11'10" max x 8'11" max) - Bathrooom - Parking Space - Additional Information.
- The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.
The property has a tenant already in situ, with a rental price of £850 PCM. The tenant would like to stay.
Property type: Ground Floor Flat Property construction: Standard Tenure: Leasehold 999 year lease with 996 years remaining. No ground rent is payable.
Maintenance charge payable to the Management Company is approximately £1,200 per annum. Pets are permitted, as are long term lets. No holiday lets allowed.
Council Tax: Band C Mains Electricity Mains Water & Sewage: Supplied by Wessex Water Heating Type: Gas Central Heating Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker.
checker.ofcom.org.uk/ Disclaimer. - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate.
Any details including (but not limited to): lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor, and you should consult with your legal advisor/ satisfy yourself before proceeding.
No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 10 Rawlings Close, Compass Point, Swanage
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