Flat 5 Richmond Rise, 25-27 Richmond Park Road, Bournemouth, Dorset

Description

A First Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £10,200 Per Annum. The property comprises a first floor one bedroom flat situated within a detached building arranged over ground and first floors.

Accommodation

First Floor: Reception Room, Kitchen, Bedroom, Bathroom. Exterior: Allocated parking.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Queen's Park are within easy reach. Transport links are provided by Bournemouth rail station.

Tenure / Property Information

Investment Analysis

Completed sales evidence ranges from £134,500 nearby in 2019 to £170,000 at Richmond Rise in February 2025. The £170,000 sale is the strongest recent local indicator, although the exact flat and specifications are not confirmed. Base GDV is therefore estimated at £170,000, with a cautious low scenario of £134,500.

Investment Snapshot

Strategy Recommendation

Consider as a yield-led BTL only if bidding remains sufficiently below the evidence-supported value after reviewing the legal pack, tenancy and lease costs.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection-led works only; no quantified works allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £170,000 base GDV indicates £127,500 gross borrowing. Cash left in cannot be calculated because the purchase price and refurbishment costs are unavailable. The existing tenancy may support refinancing, subject to lender and lease conditions.

Buy-to-Let Analysis

The periodic tenancy produces stated rent of £10,200 per annum (£850 pcm). Gross yield is approximately 6.00% at the £170,000 base GDV, before finance, management, service charges, ground rent, maintenance and acquisition costs. The auction guide is unavailable, so an acquisition yield cannot be calculated.

Flip Analysis

A resale value around £170,000 is supported by the most recent Richmond Rise sale, but no supported purchase price, works allowance or selling-cost allowance is available. Flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Periodic tenancy terms and tenant status require legal-pack and tenancy review.

• Auction guide and purchase price are unavailable, preventing bid-limit and acquisition-yield calculations.

• Buyer disbursements and other legal-pack charges are unspecified.

• No service charge, ground rent or lease administration costs are provided.

• Comparable sale details do not confirm identical flat size, condition or specification.

Recommendation

Consider as a yield-led BTL only if bidding remains sufficiently below the evidence-supported value after reviewing the legal pack, tenancy and lease costs.

Strategy Rating

Analysis Confidence

Recent local completed-sale evidence and stated rent are available, but the exact comparable identity, auction guide, acquisition costs, lease costs and condition are incomplete.