3, Grants Avenue, Bournemouth, Dorset, BH1 4NR

Description

Freehold three bedroom semi-detached house with potential for extension/reconfiguration STPP, large garage/workshop and full vacant possession.

Accommodation

First floor: three bedrooms, bathroom/WC. Ground floor: three rooms, kitchen, shower room/WC. Outside: rear garage/workshop, off-street parking.

Location

The property is situated on Grants Avenue. Shopping amenities are available locally within Bournemouth Town Centre. Public transport links can be found at Pokesdown Train Station to the east and Bournemouth Train Station to the west, along with local bus services. Road links include the A35 and A338 to the north. Recreational pursuits can be found at Shelley Park to the south west and along the sea front.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of 10 Grants Avenue at £350,000 on 14 March 2025, with another same-road semi-detached sale at £350,000 in 2021. Older same-road sales were lower at £208,000 in 2015 and £172,000 in 2014. A base GDV of £350,000 is therefore supported, but the evidence does not justify a separate low or high valuation scenario.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming condition, heating, seller special conditions, achievable rent and any extension/reconfiguration constraints. On the supplied evidence, a cautious buy-to-let appraisal is more supportable than a refurbishment-led BRRR or flip, but the guide price should not be treated as a maximum bid.

Works Required

No condition defects or refurbishment scope are supplied, so no works allowance is assumed. Obtain a survey and investigate the feasibility and costs of any proposed extension or reconfiguration, including planning permission and building regulation requirements. Heating details also require confirmation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £350,000 base GDV, 75% loan-to-value refinancing would be approximately £262,500. Whether this releases cash depends on the unknown refurbishment requirement, acquisition costs, finance costs and achievable valuation. The property is vacant, but no condition evidence supports a quantified refurb-to-refinance case.

Buy-to-Let Analysis

Using the midpoint of the supplied advertised asking rents, annual gross rent is estimated at £21,300, equivalent to approximately 12.53% gross yield against the £170,000 guide. The evidence comprises asking rents rather than achieved rents, and total-cost yield cannot be established because works, seller fees and other acquisition costs are unknown.

Flip Analysis

The base GDV implies a headline difference of £180,000 above the £170,000 guide before the £1,800 contract documentation fee, any seller fees, works, finance, tax and resale costs. A reliable flip surplus cannot be calculated because the works and selling allowance are unsupported.

Investor Risks & Due Diligence

• Property condition and heating arrangements are not provided, preventing a refurbishment cost estimate.

• Potential extension or reconfiguration is expressly subject to planning permission and has no confirmed scope or cost.

• Rental figures are advertised asking rents, not achieved or passing rents.

• The seller may charge additional completion fees under the special conditions.

• The GDV assessment relies primarily on one recent same-road comparable and does not include property-specific size or condition details.

• Auction acquisition, finance, tax and resale costs are not fully supplied.

Recommendation

Proceed only after confirming condition, heating, seller special conditions, achievable rent and any extension/reconfiguration constraints. On the supplied evidence, a cautious buy-to-let appraisal is more supportable than a refurbishment-led BRRR or flip, but the guide price should not be treated as a maximum bid.

Strategy Rating

Analysis Confidence

Recent same-road sold evidence and rental asking evidence are available, but property condition, floor area, works costs, achieved rent, seller fees and special conditions are not supplied.