3-bedroom flat · BH5 1AY
Under offerListed 229 days
Opportunity summary
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About
A stunning, beautifully designed south-facing third floor Penthouse apartment in this award-winning modern development with three fabulous terraces and superb far-reaching sea views to the Solent and the Isle of Wight, all within a short walk of the superb sandy beaches.
The Reef is a striking award-winning modern development in the heart of Boscombe Spa Village - an area which has been the subject of exciting major rejuvenation of the Pier and beach front.
The property is conveniently located within close proximity of local shopping and within an easy distance of Bournemouth town centre offering excellent shopping, leisure and entertainment facilities, along with a direct rail link to London Waterloo.
The development is accessed via electric remote-controlled security gates giving secure underground parking and two spaces available with this Penthouse, along with a lock-up store.
A lift from that level provides access to the penthouse level.
This large, bright and spacious south-facing Penthouse has a magnificent open-plan sitting/dining area opening into a large fully-fitted kitchen with all appliances built-in and granite work surfaces.
This room in turn opens into a superb sun room with air conditioning which then opens onto a large terrace enjoying fabulous view to the sea.
From this terrace a spiral staircase leads up to an enormous further private terrace with hot tub, which is also accessible from the internal staircase.
The principle bedroom has an en-suite dressing room and en-suite shower room as well as giving access to a covered terrace again with sea views, bedroom 2 with en-suite shower room, double bedroom 3, family bathroom.
Air conditioning to many rooms and electric blinds add to the high specification that this apartment enjoys. Pets will be considered!
Leasehold - Service Charge £4,500 per annum approximately, Ground Rent £350 per annum. Council Tax Band G. EPC Rating B. There is no forward chain attached to this sale.
Value & comps
No previous sales on record.
Returns
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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 Boscombe Spa Road, Bournemouth, Dorset, BH5
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