Martin & Co says ..
**INVESTMENT OPPORTUNITY, YIELD OF 13.6%** A RETIREMENT APARTMENT for OVER 55's on the TOP FLOOR located in Bournemouth & great access to local amenities. The property offers a DOUBLE BEDROOM, good size living room, separate kitchen, COMMUNAL GARDENS, AD HOC PARKING & WARDEN ASSISTED DEVE...
Property Oracle says ..
This one-bedroom retirement apartment in Bournemouth Central presents a potentially attractive investment opportunity. Situated on Wellington Road, the property benefits from proximity to Bournemouth train station and a variety of local amenities. While the apartment’s interior decor might be considered dated, it appears to be in reasonable, functional condition with a modern kitchen and bathroom. The communal gardens provide access to outdoor space. The list price of £75,000 aligns with other comparable properties in the area based on available data. However, further investigation into specific property features, local school quality, and comparable sales in the same complex should be considered for a complete assessment. A key consideration is the retirement-apartment status which may limit the buyer pool and influence rental yield. Prospective buyers should investigate any potential restrictions before committing.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 4
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 462.85
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 219,474.00 £Decreased by 15.67 %
- Est sale value
- 132,837.95 £Decreased by 17.29 %
- Average area rental value
- 1,322.00 £/moDecreased by 1.42 %
- Est letting value
- 462.85 £/moUnchanged by 0.00 %
- Est rental Yield
- 7.23 %Increased by 16.99 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Martin & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Bournemouth Christian School | Other Independent School | Good | 0.50 KM |
| Livingstone Academy Bournemouth | Free Schools | 0.65 KM | |
| Malmesbury Park Primary School | Academy Converter | Good | 0.90 KM |
| Kings Bournemouth | Other Independent School | Good | 0.95 KM |
| St Martin'S School | Other Independent School | 0.96 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Beechey Road | £ 81,750 | 0 | 0.00 KM |
| The Firs | £ 175,000 | 0 | 0.00 KM |
| Holdenhurst Road | £ 0 | 0 | 0.00 KM |
| St Paul's Place | £ 0 | 0 | 0.00 KM |
| St Pauls Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Bournemouth | 5876 | BMH | 0.60 KM |
| Pokesdown | 5885 | POK | 4.92 KM |
| Branksome | 5875 | BSM | 5.55 KM |
| Parkstone (Dorset) | 5882 | PKS | 8.70 KM |
| Christchurch | 5879 | CHR | 9.46 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Wellington Road, Bournemouth | £ 75,000 | BUY | 6 / 10 | 0.00 KM |
| Wellington Road, Bournemouth | £ 79,950 | BUY | Unknown | 0.00 KM |
| Bournemouth | £ 235,000 | BUY | 7 / 10 | 0.07 KM |
| Cavendish Road, Dean Park, Bournemouth, BH1 | £ 325,000 | BUY | 8 / 10 | 0.11 KM |
| Homeleigh House, Bournemouth | £ 89,950 | BUY | 7 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 17b Cavendish Road | £ 292,500 | 0.15 KM |
| 19a Cavendish Road | £ 605,000 | 0.15 KM |
| 23 Cavendish Road | £ 590,000 | 0.15 KM |
| 10a Cavendish Road | £ 716,000 | 0.17 KM |
| 18a Cavendish Road | £ 725,000 | 0.24 KM |