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High Street, Poole BH15

South East

£695,000
Listed on 25/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity nestled close to the historic Old Town of Poole. The site is fully cleared and level, offering the advantage of immediate readiness for development. With existing planning permission for a modern five-storey apartment building, this project promises to capitalize on the growing rental market in the area. The proposed development consists of 12 contemporary residential units, tailored to meet the needs of both professionals and families. The design includes six two-bedroom flats, four one-bedroom apartments, and two luxurious penthouses. Each unit features open-plan living spaces designed to maximize natural light and functionality. The penthouses are particularly noteworthy, boasting wrap-around terraces suitable for outdoor entertaining or relaxation. For added convenience, the development proposes secure undercroft parking for residents along with dedicated storage areas and bike facilities, ensuring a practical living environment that aligns with current sustainability trends. The well-thought-out communal spaces and private layouts enhance resident comfort throughout all levels. Location is a significant advantage here; within walking distance are multiple transport links including Poole Station and Hamworthy Station. Families will appreciate the proximity to reputable local schools such as Old Town Infant School and Poole High School, enhancing its appeal as a residential choice. Residents will also enjoy easy access to Poole's vibrant shopping, dining, and leisure offerings, coupled with proximity to the picturesque waterfront and award-winning coastlines in Dorset. Notably, there are no demolition obstacles or access challenges present on-site, facilitating a swift start to construction once ready. This prime location combined with the potential for high returns makes this development an enticing prospect for investors looking to make their mark in a flourishing market. Overall, this property represents an exceptional opportunity not just for immediate investment but also as part of a longer-term strategy in one of Dorset's most coveted areas. Early inquiries are encouraged for those interested in exploring this promising venture further.

Investment Analysis

(BH15 area)
Area Average
£362/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.7%

Renovation Potential

Est. Renovation Cost
£69,500 - £173,750
10-25% of property value
Monthly Sales
27
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BH15)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 0.8%
5 year growth: 11.4%
Investment Disclaimer: Analysis based on BH15 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

High Street, Poole BH15
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