Bournemouth Road, Poole
£475,000 (Tenant Fees)

** Fantastic investment opportunity ** Situated in a popular residential location with fantastic transport links ** Just 3.2 miles from Bournemouth town centre and 2.8 miles from Poole town centre ** Potential to extend to an 8 bedroom HMO (STPP) ** Strong rental yield and rental demand over the past 3 years **

Main Description
Spacious six-bedroom, all ensuite HMO delivering a 10.5% gross rental yield!

Introducing a rare investment opportunity – a six-bedroom, all ensuite HMO with a valid HMO license, ideal for investors seeking a high-yielding property. This fully compliant HMO spans three floors and features ample communal spaces and high occupancy rates, ensuring strong rental returns.

Property Layout and Features

Ground Floor: The property welcomes you with a large communal living room, ideal for tenants to socialise, adjacent to a spacious kitchen equipped with all necessary amenities. Additionally, two of the six ensuite bedrooms are located on this floor.
First Floor: Three more ensuite bedrooms are found on the first floor, each thoughtfully designed to offer privacy and comfort for tenants.
Second Floor: Part of the roof space has been converted to house the sixth bedroom. The remaining roof space offers an exciting opportunity for further development – potentially adding two additional ensuite bedrooms (subject to planning approval). The two additional bedrooms could increase the rental return by over 32%.

Outdoor Space and Parking

Parking: Three off-road parking spaces are available on a first-come, first-served basis, with tenants adhering to a fair usage policy.
Garden: A large, sunny communal garden at the rear of the property provides a pleasant outdoor space for tenants to relax and enjoy.

Investment Performance

The property has let consistently well over the past three years, with impressive headline figures, including:

• Gross Annual Income: £52,320
• Average Occupancy: 98.28%
• Average Tenancy Duration: 14.43 months

Prime Location

Ideally located for tenants, the property is just:

0.9 miles from Ashley Cross with its vibrant selection of pubs, restaurants, and shops
0.7 miles from Poole Retail Park, where tenants can find a fully equipped gym
0.6 miles from Branksome Train Station, providing easy access to excellent transport links

This well-maintained and high-performing HMO offers a strong, reliable rental income in a sought-after location. With potential for future expansion in the roof space, this property is both a robust investment and an opportunity for future growth. Don’t miss the chance to add this lucrative asset to your portfolio.