Flat A, 182 Western Avenue, Bournemouth, Dorset

Description

A two bedroom purpose built flat situated in Bournemouth, Dorset. The accommodation comprises a kitchen, living room, two bedrooms, a bathroom and a separate WC. The property requires modernisation throughout and offers potential for owner occupation or rental investment once modernised.

Accommodation

Entrance Hall; Living Room: 16'9 x 11'10; Kitchen: 9'6 x 8'10; Bedroom One: 12'10 x 11'2; Bedroom Two: 11'10 x 9'6; Bathroom: 8'2 x 5'7; WC.

Location

Situated in Bournemouth, Dorset.

Tenure / Property Information

Investment Analysis

Completed sales supplied for 182 Western Avenue range from £150,000 to £200,000, including £200,000 in September 2024 and £184,950 in January 2022. As the evidence does not confirm that these sales were the same flat, nor provide condition, lease length or service-charge details, £184,950 is used as a cautious base GDV, with £150,000–£200,000 as the evidenced range.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal and lease review, inspection and a detailed refurbishment quotation. The property may suit owner occupation or a modernise-and-hold strategy, but the evidence is insufficient to recommend a BTL, BRRR or flip purchase at auction.

Works Required

Modernisation throughout, supported by the description. Likely scope includes updating the kitchen, bathroom, WC, decoration and floor finishes, but no detailed schedule or cost evidence is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten reliably because refurbishment costs, rent, lease details, service charges and finance costs are unavailable. At the £82,000 guide, the stated buyer premium and admin charge add £2,760 before works and other possible costs. A 75% refinance of the £184,950 base GDV would be approximately £138,712.50, but total project cost and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL suitability is indicated by the two-bedroom layout and stated rental-investment potential, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent, yield and cash-flow analysis cannot therefore be established.

Flip Analysis

The supplied completed sales provide an evidenced value range of £150,000–£200,000, but refurbishment cost, selling costs and other purchase costs are not sufficiently available. Flip surplus and a maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• The supplied sales may relate to different flats within the same address and may not be directly comparable.

• The property requires modernisation throughout, but no refurbishment quotation or cost allowance is supplied.

• No lease length, ground rent, service charge or other lease terms are provided.

• No sufficiently specific rental evidence is available, so rental yield cannot be verified.

• Buyer premium and admin charge total £2,760, with additional possible search, seller-cost reimbursement, legal and transfer charges.

• Occupancy, parking, heating and council-tax information is not supplied.

Recommendation

Proceed only subject to legal and lease review, inspection and a detailed refurbishment quotation. The property may suit owner occupation or a modernise-and-hold strategy, but the evidence is insufficient to recommend a BTL, BRRR or flip purchase at auction.

Strategy Rating

Analysis Confidence

There are several completed sales at the stated address and clear accommodation details, but the evidence does not confirm the comparable flat, provide rental evidence, refurbishment costs, lease terms, service charges, occupancy or full acquisition and disposal costs.