20C Alum Chine Road, Bournemouth, Dorset, BH4 8DX

Description

A two bedroom maisonette situated in Bournemouth, Dorset.

Accommodation

Entrance Hall; Living Room; Kitchen; Two Bedrooms; Bathroom; W.C; Communal Garden

Location

Bournemouth, Dorset

Tenure / Property Information

Investment Analysis

Comparable leasehold maisonette sales on Alum Chine Road range from £180,000 to £275,000, with other relevant evidence at £200,000 and £215,000. The £275,000 sale appears at the upper end of the supplied range. A cautious base GDV of £210,000 is supported, with low and high scenarios of £200,000 and £225,000 respectively. The £185,000 guide is below the base evidence but condition, lease length and specific attributes are not supplied.

Investment Snapshot

Strategy Recommendation

Conditional BTL may be considered if the £1,275 pcm asking rent is achievable and lease, service-charge and legal checks are satisfactory. Do not bid without confirming the lease terms, full costs and property condition.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection-led works only; no reliable works budget can be quantified from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £210,000, 75% refinance equates to £157,500. The potential refinance proceeds are below the guide price before buyer and admin charges, with refurbishment costs and other acquisition costs unknown. Cash left in and viability therefore cannot be reliably calculated.

Buy-to-Let Analysis

The supplied advertised asking rent of £1,275 pcm implies annual gross rent of £15,300 and a gross yield of approximately 8.27% against the £185,000 guide. This is based on an asking rent rather than achieved rent. Lease length, service charge, ground rent, management costs, insurance and condition are not supplied, so net yield and total-cost yield cannot be established.

Flip Analysis

The base GDV of £210,000 is only £25,000 above the guide before the £1,680 buyer premium, £1,200 admin charge, any refurbishment, legal or other costs, finance and selling costs. A reliable flip surplus cannot be established and the margin appears limited before those deductions.

Investor Risks & Due Diligence

• Lease length, ground rent and service-charge details are not supplied.

• The rental evidence is an advertised asking rent, not an achieved or passing rent.

• Property condition and any required works are not described, preventing a refurbishment budget.

• Additional search fees, seller costs, legal fees, transfer fees and other disbursements may apply.

• The supplied comparable prices vary materially, including a £275,000 upper-end sale, reducing valuation certainty.

Recommendation

Conditional BTL may be considered if the £1,275 pcm asking rent is achievable and lease, service-charge and legal checks are satisfactory. Do not bid without confirming the lease terms, full costs and property condition.

Strategy Rating

Analysis Confidence

There are several local completed-sale comparables, a guide price and one advertised rental listing, but lease details, occupancy, condition, service charges, works costs and other acquisition or selling costs are missing.