2-bedroom flat · BH4 9ES
Sold STCListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented top-floor retirement apartment, exclusively for the over-60s, sits peacefully at the end of a quiet cul-de-sac just moments from Westbourne’s boutique shops, artisan cafés, quality restaurants and excellent transport links to both Poole and Bournemouth.
Reached by lift or stairs to the fourth floor, the property opens into a welcoming entrance hall with a generous storage cupboard.
The southerly facing lounge/diner enjoys wonderful natural light throughout the day and flows neatly into a compact yet well-designed kitchen offering ample storage and workspace, an induction hob, electric oven, extractor and fridge/freezer.
The main bedroom is a comfortable double with a built-in wardrobe, while the second bedroom provides another good-sized double with fitted storage, ideal for guests, hobbies or as a study.
A modern shower room completes the accommodation, featuring a walk-in shower cubicle, vanity-style wash basin and WC.
Offered with no forward chain, this well-maintained home is supported by a 24-hour careline system and an on-site house manager, as well as welcoming communal facilities including a residents’ lounge, laundry room and well-tended gardens.
The development benefits from ample on-site parking and the rare advantage of a private single garage within a block, making this an appealing and convenient lifestyle choice in a highly sought-after location.
Tenure: Leasehold Lease: 99 years from 13.06.1983 (55 years remaining) Ground Rent: £761.40 Service Charge: £5,771.08 Council Tax: Band 'B' EPC Rating: Band 'C' Restricted to over 60's only Assured Periodic Tenancies permitted Holiday Lets not permitted Pets permitted with permission
Value & comps
No previous sales on record.
Returns
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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 Homewaye House, 10 Pine Tree Glen, Bournemouth, Dorset, BH4
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