2-bedroom flat · BH21 1PQ
Sold STCListed 290 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose-built ground floor apartment in need of some updating, offering two double bedrooms, a spacious sitting/dining room and a garage in a nearby block, ideally positioned opposite the Minster and within walking distance of the square.
NO FORWARD CHAIN.
• Communal entrance hallway • ‘L’ shaped entrance hallway with storage cupboards • Spacious sitting/dining room enjoying a view overlooking the Minster • Kitchen with range of base and eye level units with worktops and space for appliances • Two double bedrooms • Bathroom with three-piece suite and separate shower room • Seal unit double glazing and gas heating • Garage in block • Vacant possession • Leasehold: we understand from the vendor there is 58 years remaining.
We understand from the management company ‘House & Son’ that a new lease of an additional 90 years would cost approximately £30,000 • Maintenance charge: we understand from the vendor that the maintenance from 25/12/24 to 24/12/25 is £1,030.17 • Ground rent: we understand from the vendor that the ground rent is approximately £100 per annum The location of the property combines the advantage of the town with easy access to open countryside and the river Stour nearby.
Wimborne town centre is within walking distance where there are a number of shops, restaurants, public houses and the popular Tivoli theatre.
COUNCIL TAX BAND: C EPC RATING: C AGENTS NOTES: The heating system, mains and appliances have not been tested by Hearnes Estate Agents. Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
Whilst reasonable endeavours have been made to ensure that the information in our sales particulars are as accurate as possible, this information has been provided for us by the seller and is not guaranteed.
Any intending buyer should not rely on the information we have supplied and should satisfy themselves by inspection, searches, enquiries and survey as to the correctness of each statement before making a financial or legal commitment.
We have not checked the legal documentation to verify the legal status, including the leased term and ground rent and escalation of ground rent of the property (where applicable).
A buyer must not rely upon the information provided until it has been verified by their own solicitors.
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 Grammar School Lane, Wimborne, BH21 1PQ
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