3 bedroom terraced for sale

£475,000 Guide Price

3

Bedrooms

3

Bathrooms

Floorplan

'' GUIDE PRICE 475,000 to 500,000 ''
Are you looking for a sound investment with incredible potential? Look no further! Presenting an established holiday let business located on Purbeck Road, right in the heart of Bournemouth. With 5 bedrooms, 3 bathrooms, 3 reception rooms, and key features that promise high returns, this property is a golden ticket waiting for its new owner.
With over 100,000 in annual turnover and a remarkable 15% gross yield, this holiday let is a proven money-maker. While the property currently sleeps 20, there is a potential to expand and increase capacity with the option of converting it into an HMO (House of Multiple Occupation).
The property boasts a beautiful courtyard, complete with a hot tub, providing a luxurious outdoor space for guests to unwind and relax. This additional feature adds significant appeal to tourists seeking comfort and indulgence during their stay. The courtyard creates a lucrative selling point in the holiday letting market, further enhancing the propertys revenue potential.
Catering to a specific niche, this holiday let has become exceptionally popular as a hen do accommodation. Its proximity to the town centre provides convenient access to restaurants, bars, and other entertainment options, making it an ideal choice for groups celebrating and enjoying Bournemouths vibrant nightlife. With a steady stream of bookings throughout the year, this property offers a guaranteed income stream.
Located just a stones throw away from the stunning Bournemouth beaches, this holiday let attracts visitors seeking a coastal retreat. The easiness of access to the beach ensures high demand throughout the summer season, making this property a haven for holidaymakers. With sandy shores, glorious sunshine, and a thriving town just minutes away, its an irresistible package for those wanting a seaside escape.
Besides its attractive holiday let business model, this property also poses an exciting opportunity for transformation into an HMO. Given its prime location in the town centre, it is perfectly suited to cater to the needs of students or young professionals seeking shared accommodation. This flexibility allows you to explore multiple revenue streams from the same property, catering to different markets and maximising your return on investment.
Investing in a property in Bournemouth grants you access to a town renowned for its natural beauty, energetic cultural scene, and strong tourism appeal. Bournemouth attracts millions of tourists every year, and owning a holiday let provides you with the chance to earn substantial profits from this thriving market. Not only do you benefit from the convenience of the town centers amenities, but you also capitalize on the allure of the nearby coastline.
Dont miss out on this incredible investment opportunity. The demand for quality holiday let accommodation in Bournemouth is continually growing, and with a proven track record in generating a substantial annual turnover, this property promises long-term financial success. With potential for expansion and diversification, you can maximise your investment by capitalizing on the reviving holiday rental market.


Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 394575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 38325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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