Summary - Flat 1, 50 St. Michaels Road, BOURNEMOUTH BH2 5DY
1 bed 1 bath Studio
### Standout Features:
- Chain-free leasehold studio flat with 117 years left on the lease
- Private entrance, allowing a sense of privacy
- Currently tenanted at £750/month, offering a solid 8% yield
- Close to the beach and vibrant town center
- Fully equipped kitchen with modern amenities
- Clean and functional bathroom with three-piece suite
- Low council tax (Band A)
- Well-positioned in a cosmopolitan neighborhood
### Potential Concerns:
- High crime rate in the area
- Service charge of £1,700 per year
- Limited heating system presence
- Enclosed lower ground floor may limit outdoor access
Discover a fantastic investment opportunity in this charming lower ground floor studio flat located just a short walk from the beach and town center. With a tenant already in place, generating an attractive monthly income, this property is perfect for first-time investors or those looking to expand their portfolio. Despite its modest size, the studio is surprisingly spacious and filled with natural light, thanks to its neutral decor.
The neat kitchen includes integrated appliances and ample storage, while the tidy bathroom presents a three-piece suite crafted in a clean, modern style. While the area presents high crime rates and the flat features basic electric heating, its coveted position in a vibrant, cosmopolitan neighborhood with easy access to amenities and excellent broadband speeds adds significant appeal.
With no forward chain and a long lease, this property offers the perfect blend of immediate rental income and future renovation potential. Don't miss out on this exclusive opportunity to invest in a desirable coastal location, where you can enjoy the best of city and beach living!
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