53 The Citrus Building, 24 Madeira Road, Bournemouth, Dorset, BH1 1AR

Description

A two-bedroom flat in Bournemouth. The accommodation comprises an open plan living room/kitchen, two bedrooms and a bathroom. The property features a Juliet balcony. This is an established rental property located near to Bournemouth town centre.

Accommodation

Living Room/Kitchen: 5.80m x 4.90m; Bedroom One: 3.80m x 2.50m; Bedroom Two: 3.80m x 2.90m; Bathroom: 2.10m x 1.80m

Location

Located near to Bournemouth town centre.

Tenure / Property Information

Investment Analysis

Five HM Land Registry sales are recorded at the same building, ranging from £175,000 to £235,000. The three 2026 sales were £185,000, £200,000 and £235,000. A base GDV of £200,000 is a reasonable evidence-led estimate, with a supported observed range of £185,000–£235,000. The comparables are not identified by individual flat, floor, condition or size, so precision is limited. The £195,000 guide is close to the recent evidence before the £2,400 known buyer and admin charges.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the tenancy and rent, lease term, service charge, ground rent, legal pack and condition information first; the guide is already close to the building’s recent sold evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and any legally or condition-supported works only; no refurbishment budget can be established from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £200,000 base GDV would be approximately £150,000. Total project cost cannot be calculated because rent, works, lease information and other purchase costs are unavailable. BRRR viability therefore cannot be confirmed.

Buy-to-Let Analysis

The property is described as an established rental, but no passing rent, asking-rent evidence or auctioneer rent estimate is supplied. Rental yield and cash flow therefore cannot be established. The £195,000 guide plus £2,400 known buyer/admin charges should be assessed against the actual tenancy, lease and operating costs before bidding.

Flip Analysis

The evidence indicates a base GDV of £200,000 against the £195,000 guide, before the £2,400 known buyer/admin charges and any works or selling costs. The limited apparent headroom does not support a reliable flip surplus calculation, particularly because the comparables are not matched to the specific flat.

Investor Risks & Due Diligence

• No passing rent or rental comparable is supplied, preventing yield and cash-flow assessment.

• Lease term, service charge and ground rent information are not supplied.

• The sold comparables are for the building but are not identified as the same flat or matched for floor, condition, size or specification.

• Additional search, seller, legal, transfer and other auction costs may apply beyond the known £2,400 buyer and admin charges.

• No condition survey or refurbishment requirement is evidenced, so potential works costs are unknown.

Recommendation

Do not bid on the current evidence alone. Obtain the tenancy and rent, lease term, service charge, ground rent, legal pack and condition information first; the guide is already close to the building’s recent sold evidence.

Strategy Rating

Analysis Confidence

Same-building completed-sale evidence supports a broad GDV range, but the individual flat is not matched in the comparables and key investment data—including rent, lease term, charges, condition and full purchase costs—is missing.