3-bedroom flat · BH19 1ED
For saleReduced £10k (−3.6%) on 24 AugListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to present A spacious ground floor apartment in a convenient location approximately 300m from Swanage Town Centre and a similar, almost level distance from the main beach.
The accommodation includes three large bedrooms, a good-sized living/dining room with direct access to the garden, and upgraded kitchen and shower room, An allocated parking space is also included.
'Richmond House' is situated on the corner of Northbrook and Rabling Road about 100m from the King George V Playing Field.
The apartment is approached from the car park or Rabling Road through a secure communal entrance hall.
Enter the apartment and a roomy hallway leads through to the Living/Dining room which has a large bay window and glazed door to the communal garden allowing light to fill the space.
A dining table and chairs will sit comfortably adjacent to the kitchen, leaving ample space for sofa and occasional furniture.
The thoughtfully arranged kitchen has a window overlooking the pleasant and well-tended communal garden, and has a good range of worktops with tiled splashbacks, cupboards and drawers with integral appliances including 'Zanussi' double oven and induction hob.
There is space for a fridge/freezer, and a convenient placement for washing machine and tumble dryer.
Return to the hallway, with storage cupboard and entryphone handset, to find the three good-sized Bedrooms, all of which will accommodate a double or twin beds and have either built-in wardrobes or space for free-standing bedroom furniture.
The Family Shower Room has been upgraded to include a double-length shower with drench or hand held shower attachment over, glass screen and waterproof panelling; combination sink and WC unit with cupboard and bathroom cabinet plus extractor fan.
Outside the communal garden surrounds the property and there is the opportunity to place a small table and chairs just outside the door from the lounge to enjoy a little time al fresco.
Along with the apartment there is an allocated Parking Space to the rear of the property and easily accessed from a service lane. Communal also are the drying area and some visitor parking spaces.
The property is offered for sale with no forward chain.
Living/Dining Room (4.6m x 4m (15'1" x 13'1")) Kitchen (3.77m x 2.21m (12'4" x 7'3")) Bedroom One (4.07m x 3.02m (13'4" x 9'10")) Bedroom Two (3.1m x 3m (10'2" x 9'10")) Bedroom Three (3.06m x 2.87m (10'0" x 9'4")) Shower Room Additional Information.
The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.
The vendor advises us that the lease was extended to 999 years in 2014.
Property type: Purpose Built Ground Floor Apartment Property construction: Standard Tenure: Leasehold with Share of the Freehold. Maintenance is approximately £1280 per annum.
Long lets are permitted and pets allowed at the discretion of the Management.
Council Tax: Band C Mains Electricity Mains Water & Sewage: Supplied by Wessex Water Heating Type: Gas Central Heating Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker.
Disclaimer. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate.
Any details including (but not limited to): Lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor, and you should consult with your legal advisor/ satisfy yourself before proceeding.
No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.
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
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 5, Richmond House, Swanage
Explore nearby