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See how verdicts work2-bedroom flat · BH2 6LT
For saleListed 398 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* A SPACIOUS TWO DOUBLE BEDROOM FIRST FLOOR APARTMENT LOCATED WITHIN WALKING DISTANCE OF BOURNEMOUTH TOWN CENTRE AND AWARD WINNING BEACHES OFFERED WITH NO FORWARD CHAIN * Located in the heart of Bournemouth Town Centre and within walking distance to resturants, shops and award winning beaches is the block - Richmond Gate and offered for sale is this two bedroom first floor apartment.
Ideal for first time buyers, investors or as a holiday home, this flat offers spacious accommodation throughout and has been recently re-decorated.
Entry to the block is via an intercom entrance system with stairs and lifts servicing all floors.
As you enter the property you are greeted with a spacious entrance hall with doors leading to all accommodation. There are two storage cupboards, one of which houses the gas boiler.
The open plan lounge/kitchen/diner is of a generous size. There is access via sliding doors to the private balcony.
The kitchen offers a range of wall and base mounted units, a breakfast bar and benefits from integrated appliances that include an oven & hob, microwave, dishwasher, washing machine and fridge/freezer.
There are two bedrooms with the master benefiting from an en-suite shower room. The en-suite benefits from a shower cubicle, WC and wash hand basin.
The main bathroom has part tiled walls, bath with shower attachment, WC, wash hand basin and heated towel rail. Externally the property benefits from an allocated off road parking space.
Lease remaining - 105 years Ground Rent - approx. £275pa Service charge - approx. £1471.90 every 6 months (£2942 per annum) Lounge/Kitchen: 5.47m (17'9) length x 5.29m (17'3) width.
Bedroom One: 4.96m (16'2) x 2.70m (8'8) En-suite: 2.24m (7'3) x 1.07m (3'5) Bedroom two: 3.72m (12'2) x 2.47m (8'1) Bathroom: 2.52m (8'2) x 1.88m (6'1). This property is offered with no forward chain.
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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
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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 Richmond Hill Drive, Bournemouth
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