Flat 29a, Homedene House, Seldown Road, POOLE, Dorset, BH15 1UJ

Description

Ground & first floor two bed retirement maisonette Requiring modernisation & updating throughout Residents facilities & located close to town centre Tenure Leasehold Lease Details The Lease is dated 5th June 2006 for 139 years from 1st September 1980. Ground rent to be confirmed in the legal pack. Location Situated in a convenient location close to Poole Park and a short walk from Poole town centre which offers a range of shops, supermarkets, cafés and everyday amenities. Public transport links include nearby bus stops and Poole railway station just over half a mile away. Description This split-level maisonette for the over-55s benefits from its own private entrance and offers spacious accommodation over the ground and first floors with a 24 hour emergency pull cord system. Requiring some modernisation, the property presents an excellent opportunity to update and personalise. Residents also enjoy access to a communal lounge, laundry room and guest suite. Accommodation Ground Floor: Fro

Location

Property located at Flat 29a, Homedene House, Seldown Road, POOLE, Dorset, BH15 1UJ.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£25,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

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

Recommendation

Preferred strategy: Refurbishment & Resale. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆