2-bedroom flat · BH21 1LJ
Under offerListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offers In The Region Of £260,000.
A very well presented 2 bedroom ground floor apartment, for sale with NO FORWARD CHAIN, in the heart of Wimborne town centre, within a short level walk of The Square and many other amenities.
Millbank House is a large, detached Georgian building which was converted into apartments and extended to the rear in 1986.
Situated in the town's conservation area, the property has been attractively modernised, offering well planned accommodation, feature high ceilings, UPVC sash windows and gas fired central heating.
Electric roller blinds are fitted to the lounge and both bedrooms. A communal entrance door (serving only flats 5 and 10) leads to the apartment.
An entrance hall (with entryphone) leads to a pleasant living room with an attractive fireplace surround, a fitted coal effect gas fire, and a UPVC double glazed sash window overlooking the communal garden.
The kitchen/breakfast room has an extensive range of modern units and worktops, sink, Bosch 4-ring hob, Neff combination oven, second conventional oven and microwave below, integrated fridge and freezer, new dishwasher, useful utility cupboard (housing the Viessmann gas fired combination boiler and a new washer/dryer), and a UPVC double glazed sash window to the front.
Bedroom 1 has an excellent range of fitted wardrobes, and bedroom 2 has a built-in wardrobe and dressing table. There is a modern fitted shower room and a separate WC.
Outside, there is an attractive, well maintained, south facing communal walled garden, and a drying and refuse area. There is also an allocated parking space, and a visitor parking space.
TENURE: Each flat owns a share of the Freehold. LEASE: 999 years from January 2005.
SERVICE CHARGE: £899 per 6 months covering buildings insurance, water and sewerage charges, management fees and communal gardening and cleaning (including windows.) The lease has a strict 'no pets' policy.
Location: 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: From The Square, turn into Mill Lane (between the Superdrug and Grape Tree stores.) Millbank House can be found at the end of Mill Lane.
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 Mill Lane, Wimborne, Dorset, BH21
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