Modern Method of Auction
Auction date not yet published
1-bedroom flat · BH2 5EF
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Golden opportunity to buy!** This bright and modern one double bedroom second-floor apartment offers an **excellent investment opportunity**, achieving a rental income of **£875 pcm** with an **approximate gross yield of 9.5%**.
Benefitting from an impressive **992-year lease**, this property is ideally located just a short walk from the cliff top, offering easy access to stunning coastal walks and sea views.
A secure communal entrance leads to the second floor, where a private front door opens into a welcoming hallway.
The hallway features a generous built-in storage cupboard with double doors and provides access to all rooms.
The spacious open-plan kitchen and living area is filled with natural light from two large front-facing windows.
The contemporary white kitchen is fitted with integrated appliances and complemented by a practical tiled floor, creating a bright and functional living space.
The double bedroom overlooks the rear of the property and offers a peaceful retreat, complete with soft grey carpeting and stylish wall lights that add a warm ambience.
The modern bathroom is fully tiled and features a bath with an overhead shower and a glass shower screen.
Conveniently located approximately 1.9 miles from Bournemouth Mainline Train Station, the apartment also enjoys easy access to Bournemouth's award-winning beaches, town centre, shops, restaurants and leisure facilities.
Whether you're a first-time buyer or an investor looking to secure a property with a **strong rental return**, this apartment represents a **golden opportunity** in a sought-after coastal location.
If the **9.5% yield** is based on a specific asking price, you may want to note that it is **approximate** to ensure the listing remains accurate.
Rental income: £875PCM /gross yield 9.5% Property Information: Lease: 999 Years From 2017 Service Charge: £500pa Approx Ground Rent: N/a Council Tax: Bcp {Bournemouth} Council Band A This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. Property Information Buyer's Note Successful buyer’s will be required to complete online indemnity checks provided by Lifetime Legal. The cost of these checks is £96 inc.
VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with hmrc and includes mover protection insurance to protect against the cost of an abortive purchase.
Disclaimer These particulars are believed to be correct and have been verified by or on behalf of the Vendor.
However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them.
Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale.
Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisors 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
Agent & docs
FAQ
About Neptune, 10, Purbeck Road, Dorset
Explore nearby