Poole, BH15 1YE | Investment Property for Sale | VES-BH15-001

Opportunity to purchase a HMO property in Poole generating £33,000 rent pa & gross yield of 6.3%

£525,000

HMO End of Terrace House

VES-BH15-001

INITIAL INVESTMENT

£165,750

Based on

deposit: £131,250

stamp duty: £32,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£33,000

GROSS YIELD

6.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

3 bathrooms

1 reception room

TBC

Fully Furnished

Property information

  • Fully HMO licenced
  • Spread over 3 floors
  • 5 bedrooms
  • 1 bedroom comes with ensuite shower room
  • All other tenants share 2 bathrooms
  • Shared lounge
  • Shared kitchen
  • Comes with a rear garden
  • Comes with 2 parking spaces at the rear of the property
  • The property has recently had some work done, see for details below
  • EPC rating C
  • Council tax band E

Refurbishment information

  • New glow worm boiler installed in August 2022, comes with 7-year parts and labor warranty. It is controlled remotely via HIVE smart home heating thermostat and control panel
  • New Smart Cell fire control panel installed in July 2022
  • The bathroom on the top floor was completely refurbished in July 2022
  • New front and garden patios done in June 2022
  • The property was fully redecorated in 2019 including new carpet
  • New washing machine installed within the last 18 months
  • New fridge around 3-4 years ago

Rental information

  • Room 1 - £500 pcm
  • Room 2 - £500 pcm
  • Room 3 - £500 pcm
  • Room 4 - £700 pcm
  • Room 5 - £550 pcm
  • Monthly rental income: £2,750
  • Annual rental income: £33,000

Running costs

The vendor provided us with the following running costs of the property:

  • Council tax: £190 pcm
  • Gas & electricity: £240 pcm
  • Water: £120 pcm
  • Broadband: £55 pcm
  • Total cost pcm: £605
  • Total cost pa: £7,260

Location information

  • The property is located close to the town centre of Poole
  • The town centre is 0.5 miles from the property and can easily be reached on foot
  • There is a bus stop a few doors down from the property with regular services
  • Poole railway station is 0.7 miles from the property
  • Local supermarkets are only a 5-10-minute walk away
  • Poole Quay, Baiter Park and Poole Park are only 3-minutes from the property

Note

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

Floorplans

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 Poole, Dorset

Poole is a large costal town and seaport in Dorset, in the South West of England. It lies approximately 21 miles east of Dorchester and about 6 miles west of Bournemouth.

The A350 is the town’s main road leading onto the A35 towards Bath and Bristol. Eastwards the A337 leads to Lymington and the New Forest. There are four railway stations in Poole which are all on the South Western Main Line from London Waterloo to Weymouth. These are Branksome, Parkstone, Poole railway station and Hamworthy.

Poole is also a cross-Channel port for passengers and freight with ferry services from Poole Harbour to Cherbourg and fast ferries to Guernsey, Jersey and St Malo.

Bournemouth International Airport is about 10 miles outside Poole and a number of airlines operate scheduled services to the UK and European destinations.

As a popular tourist resort Poole has a number of exciting attractions, including Poole Harbour and Poole Bay where one can go sailing, windsurfing, kitesurfing and water skiing. The Poole Harbour Trails are a number of walks and trails around the natural harbour. Poole also has a cycle network of over 50 miles with a number of scenic and long-distance routes.

Other places to go to are Sandbanks Beach, Alum Chine Beach, Holes Bay, Upton Country Park, Brownsea Island, Tower Park, to name a few. Poole’s Lighthouse is the local arts centre and said to be the biggest arts centre complex outside of London in the UK. It underwent an £8.5 million refurbishment in 2002 and now contains a cinema, concert hall, image lab, studio, theatre and media suite and galleries.

Poole is also home of The Arts University Bournemouth, the Bournemouth Symphony Orchestra and parts of Bournemouth University. The Royal National Lifeboat Institution has their headquarters and training centre in town as well as a Royal Marines base in the harbour.

The towns main retail area is the Dolphin Shopping Centre which is connected to the pedestrianised high street containing shops, bars, pubs and restaurants.

There are a good number of schools to be found too, with seven junior schools, ten primary schools, nine secondary schools, three special schools, five independent schools and one college of further education. Bournemouth University’s main campus and buildings are in Poole with a smaller campus located in Bournemouth itself. The university offers several education courses in contemporary arts, design and media.

Some of the biggest employers locally are Sunseeker, Mathmos, Siemens, Ryvita, American Express Bank and the RNLI. Poole is also home to several headquarters for companies like Barclays Bank, Fitness First, the clothing company Animal, Lush and Merlin Entertainment. The tourism industry also provides a large number of employment opportunities, as well as the many industries connected to the port, which is a destination for bulk cargo imports.

Newfoundland Drive,

Poole,

Dorset,

England,

BH15 1YE

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