1-bedroom flat · BH1 2LY
For saleListed 29 days
Opportunity summary
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About
A well-positioned, income-producing studio apartment offered for sale with a tenant in situ ideal for investors Guide Price £50,000 to £100,000 * Buyers Premium Applies For sale by public auction.unconditional online auction.
. Register on this lot today. The legal pack can be downloaded from our website, .
Town & Country Property Auctions are delighted to offer For Sale by Public Auction this excellent opportunity to acquire a well-presented studio apartment in the popular The Spire development on St Michaels Road, ideally positioned in the heart of Bournemouth Town Centre.
The property is being sold with a tenant in situ currently paying £695 pcm, providing an immediate rental income stream for an investor looking to acquire an established buy-to-let property.
The accommodation comprises a generously proportioned open-plan bedroom/lounge area, modern fitted kitchen and contemporary shower room.
The integrated kitchen is fitted with modern units complemented by wood-effect worktops, an integrated electric oven and cooker, together with ample cupboard storage.
The open-plan bedroom/lounge provides a surprisingly spacious living area, comfortably accommodating a double bed together with a sofa and lounge furniture.
The room benefits from neutral dcor and generous window, which floods the room with natural light and enhances the feeling of space.
The modern shower room comprises a shower with sliding door, WC and wash basin with vanity unit. White tiled walls, patterned tiled flooring and a fitted wall mirror complete the contemporary finish.
With a tenant already in occupation and currently paying £695 pcm (£8,340 per annum), the property offers buyers the opportunity to acquire an established rental investment without the usual void period associated with vacant property.
The combination of an established rental income and a highly convenient Bournemouth location makes this an attractive proposition for landlords seeking a well-positioned town-centre investment.
The property is ideally situated on St Michaels Road, within easy walking distance of Bournemouth Town Centre and the extensive range of shops, restaurants, cafs and leisure facilities on offer.
The award-winning Bournemouth beach and seafront are approximately a five-minute walk away, providing access to the famous coastline, promenade and extensive leisure facilities.
Excellent local transport links are also readily available, providing convenient access throughout Bournemouth and the surrounding areas.
The property will be entered into our 28th October auction which is held online and starts at 10am. You must register to bid and download the legal pack. Property features Number of Bedrooms: 1 .
Council Tax Band: A . Market Value: £95,000 . Rental Value Per Month: £695 . 56 Day Completion Additional information Property Tenure: Leasehold . Length of lease remaining: 115 .
Annual ground rent: £250 . Annual service charge: £2475 Tenancy information Tenancy Term: 12 month . Tenancy Start Date: Tenancy Type: AST .
Are the Tenants in Arrears: No 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 5%+VAT (subject to a minimum of £7,750+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.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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FAQ
About 28, St. Peters Road, Bournemouth
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