Flat 12 Pine Park Mansions, 1-3 Wilderton Road, Branksome Park, Poole, Dorset, BH13 6EB

Description

Description Town & Country Property Auctions are delighted to offer For Sale by Public Auction this spacious and well-presented two double bedroom third-floor apartment featuring a large southerly-facing balcony, garage, lift access and beautifully maintained communal gardens. Offered with a share of the freehold and no forward chain, this bright and generously proportioned home represents an excellent opportunity for a straightforward purchase. Beautifully maintained communal gardens Share of freehold with a 999-year lease About the Property Are you searching for a spacious two double bedroom apartment offering generous proportions and excellent natural light? If so, this superb home could be exactly what you’ve been waiting for. The well-appointed accommodation comprises an impressive lounge/dining room with direct access to a large southerly-facing balcony - perfect for enjoying the sun throughout the day. There is also a well-equipped kitchen/breakfast room, two generously sized double bedrooms, a modern shower room and a separate WC. Situated on the third floor, this apartment further benefits from a garage, beautifully maintained communal gardens and lift access to all floors. The property is offered with a share of freehold and the residue of a 999-year lease, providing long-term security and peace of mind. Additionally, it is available with vacant possession and no forward chain, ensuring a smooth and straightforward purchase. Viewing is highly recommended to fully appreciate the space, light and lifestyle this fantastic home has to offer. Tenure: Share of Freehold (with a 999-year lease) Management Company: Rebbeck Bros Property Management The Square, 10 Exeter Road, Bournemouth BH2 5AN Maintenance: Approximately £2400 per annum (paid quarterly in advance) including water, communal cleaning, communal electrics and general maintenance No holiday letting or pets permitted Utilities: Mains Electricity, Gas, Water & Sewerage - TOTAL FLOOR AREA: 840sq.ft. (78.0 sq.m.) approx. About the Location Much of Branksome Park falls within conservation areas as well as low density housing areas. Undoubtedly one of the most exclusive areas of Poole, it is known for its luxury houses set in spacious grounds and for its exclusive apartment blocks which are largely concentrated in specific areas east and west of The Avenue. Sitting approximately midway between the town centres of Poole and Bournemouth, it is ideally located to take full advantage of the area’s renowned shopping and leisure facilities, such as the blue flag beaches at Branksome Chine and the world-famous Sandbanks Peninsula. The villages of Westbourne and Canford Cliffs are located nearby with their array of eclectic shops, bars, bistros and restaurants. Transport communications are excellent as the mainline railway station at Bournemouth and even closer at Branksome, provide services to London Waterloo. The start of the A338 is located approximately one mile away and offers access to the M27 giving direct access to London, the Home Counties and beyond. Bournemouth and Southampton International Airports are also within easy reach and there is a ferry terminal at Poole Harbour with services to the Channel Islands and mainland Europe. 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 . Spacious Third-Floor Apartment . Two Generous Double Bedrooms . Bright & Airy Lounge/Dining Room . Large Southerly-Facing Private Balcony . Well-Proportioned Kitchen/Breakfast Room . Modern Shower Room . Private Garage . Lift Access To All Floors . Council Tax Band: C . Market Value: £250,000 . Rental Value Per Month: £1450 . 56 Day Completion VIEWING ARRANGEMENTS We will be holding viewing slots, please call us on 01202 143399. The property is available for viewing immediately. Please 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 12 Pine Park Mansions, 1-3 Wilderton Road, Branksome Park, Poole, Dorset, BH13 6EB

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Income Investment / Buy-to-Let. 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

• Verify planning status, access, services and development constraints

• Review tenancy documents, rent history and landlord compliance

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

Rental & Market Context

The auction particulars state current rental income of approximately £2,400 per annum. 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: £162,000–£183,000. 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 £150,000 plus midpoint works of £10,000 gives about £160,000 before acquisition/finance costs. At the midpoint HB value of £172,500, an illustrative 75% refinance is about £129,375, leaving approximately £30,625 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £172,500 less guide and midpoint works gives an initial gross spread of about £12,500. 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

• Verify tenancy agreements, deposits, rent history and landlord compliance

Recommendation

Initial recommendation: Income Investment / Buy-to-Let. 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: ★★★☆☆