Spencer Road, Bournemouth

An outstanding investment opportunity awaits on Spencer Road, Bournemouth, presenting a versatile property with significant income generation and future development potential. This substantial house, currently configured as six self-contained flats, makes an ideal prospect for a discerning investor or a buyer seeking a home with an income stream.

The property currently yields an impressive annual income in excess of 70,000, providing an immediate return on investment. Its current arrangement as six separate dwellings offers flexibility, catering to a diverse tenant base in a popular Bournemouth location. Each flat is designed to be self-sufficient, contributing to the property's strong rental performance.

Beyond its immediate income, this property offers considerable scope for enhancement and expansion. There is significant HMO (House in Multiple Occupation) potential, allowing for a reconfiguration to maximise rental yield, subject to the necessary planning consents. Furthermore, the existing structure presents exciting development potential, offering the possibility to redevelop or extend the property, again subject to planning permission. This could involve creating additional units or enhancing the existing ones to further increase value and income.

Externally, the property benefits from a rear garden, providing valuable outdoor space for residents. A garage and car port are also included, offering secure parking and storage. These external features also hold development potential, with the possibility of converting or extending these structures, subject to planning permission, to create additional living space or amenities.

Located on Spencer Road, the property enjoys a desirable position within Bournemouth, known for its vibrant town centre, beautiful beaches, and excellent transport links. Residents will benefit from easy access to local amenities, shops, restaurants, and leisure facilities, as well as proximity to Bournemouth University and the A338, connecting to the wider road network. This prime location ensures consistent demand for rental properties, underpinning the investment's long term viability.

Whether you are an experienced investor looking to expand your portfolio, or an individual seeking a unique home and income solution, this Spencer Road property offers a rare combination of immediate returns and future growth potential. Early viewing is highly recommended to fully appreciate the scope and value on offer.

Stamp duty due

Based on a sale price of 950,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Autumn Budget on 30th October 2024 for April 1st 2025 onwards.

What is stamp duty and how is it calculated?

• This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

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