2-bedroom house · BH15 2QA
For saleReduced £20k (−21.1%) on 2 OctListed 173 days
Opportunity summary
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About
A two bedroom, purpose built, first floor retirement flat located on the rear of the property overlooking the communal gardens across to Poole Park and just a short level walk to local bus stops and into Poole town centre.
The property is 70% equity share and is sold with vacant possession. Please refer to our floorplan for room measurements.
Located right by the entrance to Poole Park, Reynard Court is also close to shops, bus stops, Poole hospital and the town centre making this an ideally positioned retirement property.
With a communal entrance at both the front and the back apartment 14, which is on the rear and side of the building, can be found on the first floor and accessed via stairs or lift.
The entrance hall has a 24 hour warden call assistance system with door entry phone and a handy storage cupboard containing the electrics and hot water tank.
The spacious living/dining room is light and bright due to the southerly facing window which overlooks the communal grounds and across to Poole Park.
The kitchen, with a good amount of cupboards, also overlooks the communal gardens and Poole Park beyond. There is an electric oven which will remain and space for a tall standing fridge freezer.
There are two good size double bedrooms and part tiled shower room. Reynard Court is a purpose built block of retirement apartments with 24 hour emergency assistance.
The residents enjoy a cosy communal lounge and the block is set in pleasant communal grounds next to Poole Park. Ample parking is available (non allocated).
The block is situated on the main road from Ashley Cross through to Poole Town Centre which is also a main bus route giving access to Poole and Bournemouth Town Centres.
The property backs onto Poole Park and pedestrian access to the park is just a short walk next to the block. Tenure - Leasehold. 70% Equity Share Monthly Service Charge - £216.83 per month.
Inclusive of Buildings insurance, lift, 24 hour assistance, window cleaning, communal water rates and the up keeping of the communal grounds, etc. N.B.
- Under the terms of the lease, there is a levy to pay when ownership of the lease changes hands, so effectively there is a charge payable by any potential purchaser to be granted a new lease.
This charge is approximately £750 plus VAT. Please note applications are only considered for those over the age of 60 years old and an approval interview is also necessary.
Council Tax Band A Agents Note - We are advised that Reynard Court do not allow any pets Agents Note- There is a clause in the Lease for the flats in Reynard Court that no sub-letting is permitted.
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
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FAQ
About 14 Reynard Court, 100-102, Parkstone Road, Poole
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