Flat 6 Stevenson Lodge, 39 Poole Road, Bournemouth, Dorset, BH4 9DH

Description

Description Town & Country Property Auctions are delighted to offer For Sale by Public Auction this rarely available and particularly well positioned, spacious two-bedroom ground floor retirement apartment which represents an excellent opportunity to acquire a home within an established age-exclusive development, just moments from the sought-after centre of Westbourne. Two-bedroom retirement properties in such a convenient and desirable location are uncommon, making this an appealing proposition for those seeking the additional space and flexibility of a second bedroom, combined with the convenience and reassurance of retirement living. The apartment is arranged on the ground floor and benefits from direct access to the attractive communal gardens, providing an easy and enjoyable connection to the outdoors. The accommodation comprises a generous lounge/diner, offering plenty of space for relaxing, dining and entertaining, together with a fitted kitchen, two bedrooms, an accessible shower room and useful storage. The two bedrooms provide considerable flexibility, whether required for visiting family and friends, hobbies, an office or simply as additional space that is increasingly difficult to find within retirement developments. Residents enjoy a welcoming community environment with the benefit of a resident's lounge, providing an ideal place to meet neighbours and socialise, together with the reassurance of a dedicated House Manager. Resident and visitor parking is also available. The location is a particular highlight. The property is situated within easy walking distance of the vibrant centre of Westbourne, with its excellent selection of independent shops, cafés, restaurants and everyday amenities. The nearby coastline and beach provide an appealing destination for seaside walks and enjoying the fresh air, while a bus stop immediately outside the development offers convenient public transport connections. For purchasers looking for a retirement property that combines space, convenience, community and an exceptionally well-connected location, this two-bedroom apartment is a particularly interesting opportunity. The combination of two bedrooms, ground-floor garden access and proximity to Westbourne makes this a relatively rare offering within the local retirement market and one that should attract considerable interest. An opportunity not to be missed for those seeking the benefits of retirement living without compromising on space or location. 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 . Retirement Apartment . Two Bedrooms . One Reception Rooms . Parking . Market Value: £170,000 . Rental Value Per Month: £1000 . 28 Day Completion ADDITIONAL INFORMATION . Property Tenure: Leasehold . Length of lease remaining: 100 . Annual ground rent: £970 . Annual service charge: £4678 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 6 Stevenson Lodge, 39 Poole Road, Bournemouth, Dorset, BH4 9DH

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: £97,200–£109,800. 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 £90,000 plus midpoint works of £10,000 gives about £100,000 before acquisition/finance costs. At the midpoint HB value of £103,500, an illustrative 75% refinance is about £77,625, leaving approximately £22,375 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £103,500 less guide and midpoint works gives an initial gross spread of about £3,500. 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

• 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: ★★★☆☆