A unique opportunity to purchase a 10-bed detached house in Bournemouth set in large private grounds

• Bournemouth is a large coastal resort town on the south coast of England and the largest in Dorset. With Poole to the west and Christchurch in the east, Bournemouth is part of the South East Dorset conurbation.
• The Bournemouth area has been declared a boom town, with one of the fastest-growing economies in the UK. Analysts expect the local economy to grow by 1.5 per cent, putting it at number 10 in a national league table.
• The area has seen an “unrivalled stream of development” in recent years with a combination of private and public sector investment.

Property

• Nearly 30% of properties purchased were second homes or investments, according to data from HMR (2017-18), with a combined value of £299 million.
• Housing is on average 30% cheaper than central London and rents are £1,650 per month (for a 4-bed detached).
• Prices have increased by 2% over the past 12 months and are now at £295k on average. 9,285 properties sold in the area over the past year.
• Rents have decreased over the past 12 months and are now at £935 per month.
• Given prices in the area, the average yield is 4.4% which is lower than the national average of 4.7%. Over the past year, 7,939 new rental properties on the market.
• An estimated 31.2% of people are renting, based on market activity in the last 12 months.

Population

• Population is 580,848 of which 317,065 of people are the working age of 20-64.
• Office for National Statistics (ONS) data has predicted it to rise by 6.9%, largely driven by natural change as well as migration from both within and outside the UK.
• Bournemouth council are targeting to build 14,600 by 2026 to meet with growing demand.

Business / Economy

• Bournemouth had the fastest-growing employment rate in the country demonstrating a strong step forward and highlights how the banking, finance and insurance industry’s presence is having a strong impact on the area (UK Powerhouse Study).
• Tourism representes 15% of the total economy thanks to miles of golden sandy beaches. It is valued at £501 million and employs over 8,500 people full time.
• Bournemouth is one of the most prestigious business centres in Britain. JP Morgan established their Global Technology Hub in the 1980s. RIAS, McCarthy & Stone, and Liverpool Victoria have their regional or national headquarters in the town.
• There is an estimated £27m vision for the Lansdowne area including £8.5m government funding for the development of a world class business district.
• According to the Tech Nation report 2015, Bournemouth is the fastest growing location in the UK for tech jobs, with over 400 agencies across Bournemouth and the surrounding area.
• Other sectors that have seen major growth since 1991 are Public Administration, Education and Health (25.6% increase).
• The area als0 has a skilled local workforce, and wages are relatively low compared to national levels. This means, Bournemouth is ideal for companies who want to employ high quality staff in the service sector.
• The area is vibrant and cosmopolitan with superb shopping, excellent cafes, restaurants, bars and nightlife.

Schools

• Recent investment in Bournemouth schools exceeds £85m and three new primary schools have opened to accommodate extra pupils.
• The area has some of the best performing schools in England, 11 of which are in the good school’s guide. 53% of schools are above the national average on attainment points.
• Bournemouth University has 20,000 students and estimates it is worth £1million a day to the regional economy. The university is also building new halls of residence to support the town’s growing student population.
• Bournemouth is a popular choice for foreign language students and Anglo-Continental is
• working in partnership with AFC Bournemouth to offer new English + Football courses.

Connectivity

• Excellent road networks connecting the county. The M27 and M3 provide easy access to London and the national motorway network.
• Just two hours’ drive from London, Bristol and Brighton and a good choice of car parks.
• Train journeys are just 1 hour 45 minutes from London and around two hours from Bristol and Brighton.
• Both London Heathrow and London Gatwick airports can be reached within a few hours, with direct connections to Bournemouth via rail and coach services. Nearby Southampton International Airport and Bournemouth Airport fly to a number of European and domestic destinations.
• Fast and frequent passenger and car ferry links from Poole, Weymouth, Southampton and Portsmouth place the Channel Islands, France and Spain within easy reach.