1 bed Flat For Sale £155,000
Introducing our new property, a charming 1-bedroom flat located on the leafy Portchester Road in Bournemouth. This first-floor flat is situated in a beautiful period building conversion and offers a peaceful and tranquil living experience.
The block is located at the end of Porchester Road, a no through road, which means that the property benefits from low traffic movement and a serene atmosphere. The location is ideal for those seeking a peaceful retreat, while also being within walking distance to Bournemouth Centre. Additionally, the property is situated in close proximity to main transport routes and the main Bournemouth Train Station, making it an ideal location for commuters.
This share of freehold property comes with a tenant in situ who is currently paying 665 (5.15% Gross yield ) per calendar month, but who is looking to move to a bigger property. The current market rental value for the property is approximately 775 per calendar month ( 6% Gross yield ), offering an excellent investment opportunity for any potential buyers. Also with competitive service charges this really is a good long term investment.
The property itself has been well-maintained and is in good condition throughout, it is very full of the tenants belongings but looking past that it is a very nice property. It boasts a spacious living area, a fully fitted kitchen, and a good sized double bedroom. The flat also benefits from ample storage space, making it ideal for those seeking a comfortable and practical living space.
Share of Freehold
Service charges: 1228.00p.a
Ground rent: N/A
Compliance:
The EPC for the property is a much desired C, it will need renewing before a new tenancy starts
The EICR is in date and valid until 08/04/2026
The Gas Safety is in date and valid until 15/01/2024
The boiler was replaced and new in approx 2020-2021
The bay window double glazing was replaced in recent years
The block is located at the end of Porchester Road, a no through road, which means that the property benefits from low traffic movement and a serene atmosphere. The location is ideal for those seeking a peaceful retreat, while also being within walking distance to Bournemouth Centre. Additionally, the property is situated in close proximity to main transport routes and the main Bournemouth Train Station, making it an ideal location for commuters.
This share of freehold property comes with a tenant in situ who is currently paying 665 (5.15% Gross yield ) per calendar month, but who is looking to move to a bigger property. The current market rental value for the property is approximately 775 per calendar month ( 6% Gross yield ), offering an excellent investment opportunity for any potential buyers. Also with competitive service charges this really is a good long term investment.
The property itself has been well-maintained and is in good condition throughout, it is very full of the tenants belongings but looking past that it is a very nice property. It boasts a spacious living area, a fully fitted kitchen, and a good sized double bedroom. The flat also benefits from ample storage space, making it ideal for those seeking a comfortable and practical living space.
Share of Freehold
Service charges: 1228.00p.a
Ground rent: N/A
Compliance:
The EPC for the property is a much desired C, it will need renewing before a new tenancy starts
The EICR is in date and valid until 08/04/2026
The Gas Safety is in date and valid until 15/01/2024
The boiler was replaced and new in approx 2020-2021
The bay window double glazing was replaced in recent years
