Columbia Road, Ensbury Park

FREEHOLD INVESTMENT COMPRISING THREE SELF-CONTAINED FLATS
Clarkes are delighted to offer this established, income-producing freehold investment situated on Columbia Road in the popular Ensbury Park area of Bournemouth.
Originally constructed as a 1930s house, the property has been extended and converted to provide three self-contained flats comprising two one-bedroom apartments and one two-bedroom apartment.
The property is being sold under a single freehold title and benefits from a Certificate of Lawfulness confirming its established use as three separate residential units.
The current accommodation and rental income comprise:
Ground-Floor Rear Flat – Two Bedrooms
Current rent: £750 per calendar month
Indicative market rent: approximately £1,100 per calendar month
Ground-Floor Front Flat – One Bedroom
Current rent: £800 per calendar month
Indicative market rent: approximately £850 per calendar month
First-Floor Flat – One Bedroom
Current rent: £740 per calendar month
Indicative market rent: approximately £900 per calendar month
The three flats currently generate a combined rental income of £2,290 per calendar month, equivalent to £27,480 per annum and a gross yield of approximately 7.3% based on the £375,000 guide figure.
The seller advises that the rents have not been increased for several years. Based on the indicative figures above, the potential combined rental income could be approximately £2,850 per calendar month, equivalent to £34,200 per annum and a potential gross yield of approximately 9.1%.
Any future rent increases would remain subject to the statutory rent-review process, the required notice, prevailing open-market rents and the existing tenants’ statutory rights. The indicative rental figures are estimates only and should not be treated as guaranteed income.
The flats are being sold subject to the existing tenancies, which are now operating as assured periodic tenancies.
Each apartment benefits from its own private entrance. Gas and electricity are understood to be separately metered. Water and sewerage are supplied through a single shared meter, with the seller advising that each tenant is billed for one-third of the annual charges.
Externally, the property offers a driveway providing access to off-road parking at the rear, together with a small patio garden.
Columbia Road is conveniently positioned for the shops, amenities and transport links of Ensbury Park, Winton and Charminster, with straightforward access to Bournemouth town centre and surrounding employment areas.
An excellent opportunity to acquire three established rental units under one freehold title, offering an immediate income alongside potential for future rental growth.
Early viewing is strongly recommended.
All rooms have been measured with electronic laser and are approximate only. None of the services to the above property have been tested by ourselves and we cannot guarantee that the installations described in the details are in perfect working order. Clarkes Residential Sales and Lettings for themselves and for the vendors or lessors produce these brochures in good faith and are for guidance only. They do not constitute any part of a contract and are correct to the best of our knowledge at the time of going to press.