Bournemouth, BH1 1HX | Investment Property for Sale | VES-BH1-001

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

£3,000,000

Detached House

VES-BH1-001

INITIAL INVESTMENT

£1,116,250

Based on

deposit: £750,000

stamp duty: £363,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£205,992

GROSS YIELD

6.9%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

10 bedrooms

9 bathrooms

4 reception rooms

4,166

Partially Furnished

Property information

  • This extraordinary property is set in private gated grounds
  • Located on 0.8 acres of land within a conservation area
  • 10 bedrooms
  • 9 bathrooms
  • 4 reception rooms
  • 1 gym
  • 2 kitchens
  • 1 utility room
  • doors from the lounge lead out onto the south-facing terrace and lawns
  • a heated pool with a retractable cover
  • a heated swim spa
  • a bbq area with outdoor kitchen
  • a detached 2-bed park home-style lodge
  • large detached garage and carport area for up to 10 cars
  • solar panels for hot water system and for electric
  • electric storage batteries and ground source heat pump for the pool
  • EPC rating D
  • Council tax band G

Rental information

  • The property has been let as a successful luxury Airbnb for the last 5 months
  • It is advertised as an 8-bed property but will be advertised as a 10-bed property shortly
  • Between 26 March and 30 August the rental income was circa £85,800 for 72 nights (evidence can be provided)
  • Assumed the property is let 14.4 days each month the rental income is as follows:
    • Monthly rental income: £17,166
    • Annual rental income: £205,992

Running costs

  • The vendor has not yet provided us with the running costs of this property
  • This can be provided to serious buyers upon request

Location

  • The property is located in Bournemouth central
  • Bournemouth town centre is less than a 15-minute walk away
  • Bournemouth Pier is 1 mile from the property and can be reached in 20-minutes on foot
  • Bournemouth railway station is 0.6 miles away and can also be easily reached on foot
  • Easy access to the A338

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Bournemouth, Dorset

  • 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.

Dean Park Road,

Bournemouth,

Dorset,

England,

BH1 1HX

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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