Flat 1 Hudson House, Upper Norwich Road, Bournemouth, Dorset, BH2 5RA

Description

Description Town & Country Property Auctions are delighted to offer For Sale by Public Auction this excellent opportunity to acquire this well-positioned two-bedroom apartment located in the heart of Bournemouth town centre, offering immediate access to the high street, local shops, restaurants, transport links, and a wide range of amenities. The accommodation comprises a spacious living room, two generously sized double bedrooms, a separate fitted kitchen, family bathroom, and a large entrance hallway that creates a welcoming sense of space throughout the property. Further benefits include gas central heating, allocated parking with a permit for one vehicle, and no forward chain, allowing for a straightforward purchase process. This property presents an ideal opportunity for owner-occupiers, first-time buyers, or investors seeking a well-located asset in a strong rental market. The property benefits from two double bedrooms, a spacious living room, a separate fitted kitchen, a family bathroom, a generous entrance hallway, gas central heating, allocated parking for one vehicle, and a highly convenient location close to Bournemouth High Street and local amenities. The property will be entered into our 9th September auction which is held online and starts at 10am. You must register to bid and download the legal pack. PROPERTY FEATURES . Two Bedroom Apartment . One Reception Room . Fitted Kitchen . Parking . Council Tax Band: B . Market Value: £170,000 . Rental Value Per Month: £1100 . 28 Day Completion ADDITIONAL INFORMATION . Property Tenure: Leasehold . Length of lease remaining: 97 Approx . Annual ground rent: £150 . Annual service charge: £2,452.80 VIEWING ARRANGEMENTS The property is available for viewing immediately, please call us on 01202 143399. Please also contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Location

Flat 1 Hudson House, Upper Norwich Road, Bournemouth, Dorset, BH2 5RA

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Buy-to-Let / Resale. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Review lease, service charge, ground rent and major works

HB initial works allowance: £5,000–£15,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No reliable current rent is stated in the supplied scrape. For initial appraisal only, HB estimates market rent at approximately £1,075–£1,300 pcm (£12,900–£15,600 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £86,400–£97,600. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £80,000 plus midpoint works of £10,000 gives about £90,000 before acquisition/finance costs. At the midpoint HB value of £92,000, an illustrative 75% refinance is about £69,000, leaving approximately £21,000 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £92,000 less guide and midpoint works gives an initial gross spread of about £2,000. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

• Confirm lease length, ground rent, service charge, major works and lender acceptability

Recommendation

Initial recommendation: Buy-to-Let / Resale. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆