2-bedroom flat · BH8 8FH
For saleReduced £9.9k (−5.2%) on 21 JunListed 248 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom ground floor flat benefitting from central heating, UPVC double glazing, allocated parking and no forward chain.
Located in a very convenient location, close to amenities and public transport.
Two bedroom ground floor flat benefitting from central heating, UPVC double glazing, allocated parking and no forward chain.
This ground floor flat is located on Richmond Park Road which is located near Charminster High Street with a wealth of facilites and amenities making this a popular location.
The flat is ideal for a first time, investment or retirement purchase. There are regular bus routes to and from Bournemouth and the train station is nearby.
Also within just over a mile you can reach the town centre of Bournemouth with it's award winning sandy beaches.
The ground floor accommodation comprises of entrance hall, separate kitchen, lounge and bathroom. To the rear of the block there is an allocated parking space and a communal bicycle store.
Leasehold - 125 years from 2008 Ground rent - £200 per annum Maintenance - Approx. £950 per annum
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
Agent & docs
FAQ
About Flat 2 Lukas Court, 119-121, Richmond Park Road, Bournemouth
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