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REMPSTONE ROAD, SWANAGE

South East

£495,000
Listed on 09/09/2024

Property Details

Bedrooms
2
Type
Flat
Area
861 sqft

Description

This two-bedroom penthouse apartment is located on the fourth floor of a well-established building in the heart of Swanage, just a short walk from both the main shopping area and the beach. Originally built in the early 1960s, the structure features durable brick construction with elements of Purbeck stone and has benefited from recent roof upgrades and improved insulation. One of the standout features of this property is its expansive wrap-around roof terrace, which offers stunning views over Swanage Bay and beyond to the Isle of Wight. This outdoor space presents an excellent opportunity for renovation; with some creative landscaping and design, it could become a perfect private retreat for relaxation or entertaining. Inside, while some modernization is needed, the apartment is generously laid out. It includes a welcoming entrance hall that leads to a second sitting area along with sliding doors that open up to the terrace. The spacious living room showcases a modern fire surround and enjoys large windows that frame picturesque views of Swanage Bay. The kitchen provides ample space for culinary activities and could be enhanced with updated cabinetry and appliances. A separate utility/WC adds convenience to daily living. The two double bedrooms are equally sized and equipped with recessed wardrobes, both offering views toward Peveril Point and Swanage Bay; one bedroom also has direct access to the terrace. The bathroom currently features a colored suite with both a panelled bath and shower cubicle but could benefit from contemporary updates. In addition to its interior charm, this property includes a single garage located at the rear of the building, providing secure parking or additional storage options. The large roof terrace measures approximately 91 square meters (980 square feet), making it unique for urban living in this coastal town. Swanage itself is known for its beautiful sandy beaches and proximity to Durlston Country Park, which serves as a gateway to the Jurassic Coast—a UNESCO World Heritage site known for its natural beauty. With easy access to nearby towns like Wareham and ferry connections to Poole and Bournemouth, this penthouse offers great potential not just as a home but also as an investment opportunity in this popular seaside resort. This property operates under shared freehold tenure with long-term leasing options available, making it appealing for future enhancement or rental possibilities. With strategic renovations, this penthouse can truly be transformed into an exceptional living space while capitalizing on its prime location.

Investment Analysis

(BH19 area)

Above Market Value

This property is priced +32.3% above area average per sq ft

+32.3%
This Property
£575/sq ft
Area Average
£435/sq ft

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
Target Value
£411,562
10% above area average per sq ft
Potential ROI
-33.5%
After renovation
Monthly Sales
12
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (BH19)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 3.0%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on BH19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

REMPSTONE ROAD, SWANAGE
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