Summary - Flat 1, 42 Southbourne Road, BOURNEMOUTH BH6 5AE
5 bed 5 bath Detached
### Standout Features:
- **Investment Opportunity**: Detached HMO sold as a going concern with a current yield of 6.2% and potential for 8%+.
- **Five Units**: Comprising 2 x 1-bedroom apartments and 3 x bedsit/studios.
- **Longstanding Tenants**: Generating an annual income of £31,140, with potential growth to £42,600.
- **Off-Street Parking**: Ample space for up to 4 vehicles.
- **Communal Rear Garden**: A shared outdoor space for tenants to enjoy.
- **High Ceilings and Period Features**: Edwardian and Victorian charm throughout.
### Summary:
Discover a remarkable investment opportunity with this elegant detached HMO property in the desirable BH6 postcode. Currently achieving a solid annual income, this property features five rental units—two 1-bedroom apartments and three bedsits/studios—occupied by long-standing tenants. With a current return of 6.2% and the potential to enhance earnings to over 8%, this is a rare find for both seasoned investors and newcomers looking to capitalize on residential rental income.
Beyond its income potential, the property boasts classic Edwardian and Victorian features, high ceilings, and a communal garden, creating a charming living environment. Parking is plentiful with off-road space for four vehicles, catering to the needs of your tenants. Conveniently located near reputable schools and local amenities, the property is attractive to families and professionals alike.
However, while the area displays a vibrant community spirit, it’s important to note that crime rates are above average, which potential investors should consider. This property’s unique combination of charm, income-generating potential, and future renovation options makes it an exciting opportunity in an evolving market. Don’t miss out on this chance to invest in a growing area with increasing demand—secure your viewing today!
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