Auction opportunity with renovation potential close to transport and local amenities.
- Lower-ground one-bedroom flat with private entrance and conservatory
- Sold at auction, guide price £75,000; buyer responsible for fees
- Lease approx. 65 years remaining; likely to restrict mortgage lending
- Requires renovation; current heating is electric room heaters
- Service charge c. £2,372pa and ground rent £200pa
- Located in cosmopolitan student neighbourhood with strong rental demand
- Very high local crime rate and area deprivation to consider
- On-street parking only (parking space claim in marketing should be verified)
This lower-ground one-bedroom flat comes with its own private entrance, a conservatory and direct access to local shops and transport links. It sits in a busy, cosmopolitan student neighbourhood close to Bournemouth station and major shopping centres, making it straightforward to re-let once renovated.
The property is offered for sale by auction with a guide price of £75,000 and will be sold under auction conditions. Important costs and conditions include a buyers’ administration fee of £1,800 (inc VAT), an annual service charge of approximately £2,372 and ground rent of £200. The lease has about 65 years remaining, which is likely to deter conventional mortgage lenders and will limit purchase options to cash buyers or specialist lending.
The flat needs renovation and currently uses electric room heaters; double glazing is present but install dates are unknown. Crime levels are reported as very high and the wider area is classed as deprived, so letting and long-term capital growth carry increased operational risk. On-street parking is available.
This is a clear auction-led investment for a buyer prepared to accept short lease challenges, renovation work and the location’s higher-risk profile. For a cash investor or specialist buyer it offers an affordable entry point near Bournemouth transport hubs; for others, the lease length and area factors present material obstacles that should be fully investigated in the legal pack before bidding.
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