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See how verdicts work1-bedroom flat · BH21 1JX
Listing removedListed 136 days
Opportunity summary
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About
Offers Over £80,000 A well presented 1 bedroom ground floor retirement apartment, presented in good decorative order and for sale with NO FORWARD CHAIN, in a private complex close to Wimborne Square.
Kingsmead Court is a purpose-built block of retirement flats with a minimum residents’ ago of 60 years, and a Careline security package, set in a central position just off West Street.
Flat 4 has its own independent door access, and the building has an exterior seating area and residents’ parking on a ‘first come, first served’ basis.
There is electric heating (with recently installed night storage heaters), and UPVC double glazing. The front door leads to a reception hall with airing cupboard and 2 storage cupboards.
The lounge has a decorative fireplace, and an aspect onto a small garden terrace area.
There is a modern fitted kitchen with units, worktops, Hotpoint electric oven, Bosch washing machine and space for fridge-freezer.
There is a spacious double bedroom and a fully tiled shower room with wall mounted Mira shower, WC and wash basin.
Outside, Kingsmead Court has a residents’ car park (available on a ‘first come, first served’ basis), and a seating area with shrub beds. LEASE: Approximately 60 years remaining.
AGENTS’ NOTE: We understand there is a facility to extend the lease if required, for approximately £20,000 including legal fees. MAINTENANCE: Approximately £1,734 per 6 months.
The service charge includes building maintenance and insurance, gardening and a part time house manager. GROUND RENT: £163 per 6 months.
Location: Kingsmead Court is conveniently located in Redcotts Lane, off West Street and just behind The Square.
The picturesque market town of Wimborne Minster is centred around a charming town square and boasts a lively shopping area featuring both independent shops and national chain stores, a good range of pubs and restaurants, the Tivoli theatre/cinema and the historic Minster church.
There are state schools for all ages, and the surrounding area is well served by both grammar and independent schools.
There is easy access by road to the coastal towns of Poole and Bournemouth, both of which have mainline rail links to London Waterloo.
Beautiful countryside surrounds the town and Dorset’s stunning beaches are within easy reach. Directions: On foot from The Square, walk between Fatface and The Kings Head into West Street.
Turn right into Redcotts Lane, and Kingsmead Court is on the right hand side. The front door to Flat 4 is on the right, approached off the car park.
Value & comps
No previous sales on record.
Returns
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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 Redcotts Lane, Wimborne, Dorset, BH21
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