Auction sale: long-lease one-bed for refurbishment, garage and share of freehold..
First-floor one-bedroom apartment with garage included
A one-bedroom first-floor apartment in Quarry Chase, offered with a garage and long lease, presents a clear refurbishment opportunity for investors or hands-on buyers. The flat has a practical layout with a through lounge/diner, good-sized bedroom and a kitchen ready to be modernised. Natural light enters from front and rear windows; the building is modernist brick with small communal garden space.
Key financial facts are straightforward: the property is sold by unconditional online auction (24/09/2025) with a required 10% deposit, completion within 56 days and a buyer's premium (2% + VAT, minimum £5,000 + VAT). Annual service charge is high at £4,246 (includes heating and hot water), though council tax is described as cheap. The share of freehold and a very long lease (959 years) reduce ownership risk.
Practical drawbacks are significant and stated plainly. The flat needs renovation throughout, so budget for updating finishes, kitchen, and likely redecoration. The area records above-average crime, so consider security measures. Broadband speeds are average; mobile signal is excellent. Buyers should review the legal pack and special auction conditions carefully and arrange a physical inspection before bidding.
For investors this is a value-led purchase: a relatively low guide price with clear scope to add value through refurbishment and re-letting or resale. For owner-occupiers prepared to renovate, the location — walking distance to Westbourne amenities and within reach of Bournemouth beaches — offers lifestyle upside. The auction terms make the purchase fast and binding; ensure finance and legal checks are in place ahead of bidding.
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