Central Bournemouth one-bed with conversion potential for cash buyers and investors.
- Top-floor one-bedroom flat, approx. 436 sqft
- Bright living area with large windows and natural light
- Scope to convert to two bedrooms subject to planning
- Leasehold with c. 61 years remaining; lenders likely to refuse
- Sold at conditional online auction; cash buyers preferred
- Service charge ~£1,200pa; ground rent ~£50pa
- Estimated rental income c. £750pcm
- Situated in busy student neighbourhood; higher local crime rates
A top-floor one-bedroom flat in central Bournemouth offered at auction, presenting clear short-term rental potential and scope for reconfiguration into two bedrooms (subject to consents). The apartment is bright with large windows and a modern living area; estimated rent of around £750pcm indicates immediate income for a cash buyer or investor.
Important practical issues are straightforward and must be acknowledged: the property is leasehold with approximately 61 years remaining, a level at which many mortgage lenders will refuse to lend. The lot is sold unconditionally at online public auction, so buyers should be prepared for a 5% deposit, a buyers premium and a 28-day completion timetable. The building sits in a busy, cosmopolitan student neighbourhood with higher crime and local deprivation indicators.
Costs and running charges are modest but real: an annual service charge of about £1,200 and ground rent around £50. The flat is small (c. 436 sqft) and will suit investors, cash buyers, or first-time purchasers who can complete without mortgage finance and who accept the areas character. There is clear refurbishment and conversion potential to add value, but buyers must factor planning, works and ongoing management into purchase plans.
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