1 /5
£500,000
Frances Road, Bournemouth, Bournemouth, BH1
- 7 beds
Under offer/SSTC
£500,000
- 7 beds
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Estimate monthly mortgage payment:
£2,283 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£25,000
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DEVELOPMENT POTENTIAL - Heritage Sales and Lettings are pleased to be able to offer for sale this freehold semi detached HMO currently arranged into seven units (4 x 1 beds and 3 x bedsits with shared shower). This property, set over three floors receives an income of ?28,440 per annum ( 1 x 1 bed flat is currently vacant) Income capabilities of in excess of ?35k per annum creating a 7% return as is with 4 x parking spaces occupying the front drive.
Planning permission has just been granted for extending and converting to 6 x 1 bedroom flats, BCP planning application number 7-2022-21619-B with a re-sale value of approx ?900k - ?960k.
Rental values after conversion are approximately ?50-?54k per annum creating an 8%+ return.
Flat 1 - 1 bed - ?400 pcm
Flat 2 - 1 bed - ?595 pcm
Flat 3 - Bedsit with kitchenette and shared shower - ?325 pcm
Flat 4 - Bedsit with kitchenette and shared shower - ?325 pcm
Flat 5 - Bedsit with kitchenette and shared shower - ?325 pcm
Flat 6 - 1 bed - ?400 pcm
Flat 7 - 1 bed - Vacant
NB this property currently has some subsidence which will require some attention. EPC ratings vary between D and E
Planning permission has just been granted for extending and converting to 6 x 1 bedroom flats, BCP planning application number 7-2022-21619-B with a re-sale value of approx ?900k - ?960k.
Rental values after conversion are approximately ?50-?54k per annum creating an 8%+ return.
Flat 1 - 1 bed - ?400 pcm
Flat 2 - 1 bed - ?595 pcm
Flat 3 - Bedsit with kitchenette and shared shower - ?325 pcm
Flat 4 - Bedsit with kitchenette and shared shower - ?325 pcm
Flat 5 - Bedsit with kitchenette and shared shower - ?325 pcm
Flat 6 - 1 bed - ?400 pcm
Flat 7 - 1 bed - Vacant
NB this property currently has some subsidence which will require some attention. EPC ratings vary between D and E
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£2,283 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£3,750
Mortgage and legal costs:
£999
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