Seaside studio with tenant in situ — immediate income and strong gross yield potential..
Second-floor studio, 313 sq ft, separate kitchen and shower room
Tenant in situ until 03.07.2026 paying £655 pcm (immediate income)
Gross yield roughly 8.0% at the asking price of £98,000
Leasehold: 85 years remaining — lease extension likely needed
Service charge approx £2,000 pa; ground rent £50 pa
Electric room heaters; no confirmed wall insulation, needs modernization
Double glazing installed post-2002; EPC Band C
Local crime above average; holiday lets and pets not permitted
Second-floor studio in a Victorian terrace close to West Cliff and Bournemouth town centre — a compact, seaside investment with immediate rental income. The studio occupies 313 sq ft with a separate kitchen and shower room; large windows bring natural light to the main living/bedroom. A tenant is in situ until 03.07.2026 paying £655 pcm, offering immediate cashflow.
Practicalities are clear: leasehold with 85 years remaining (requires attention and likely lease extension work), service charge circa £2,000 per year, and a small ground rent of £50. Heating is by electric room heaters; walls are assumed cavity with no insulation — the apartment will need modernization to enhance comfort and reduce running costs. Double glazing installed post-2002 and an EPC band C are positives.
This is primarily an investor opportunity: the current rent implies a gross yield of about 8.0% at the asking price of £98,000. Location is a strong selling point — immediate beach access, town amenities and good broadband/mobile signal. Note local crime is above average and holiday lets and pets are not permitted under the lease. Lease length and service charges are material considerations for long-term ownership costs.
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