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Croft Road, Poole BH12

South East

£425,000
Listed on 21/01/2025

Property Details

Bedrooms
8
Type
Detached house
Area
1076 sqft

Description

This semi-detached house in a desirable residential area of Poole offers an intriguing opportunity for renovation and investment, with the potential to transform it into a lucrative 8-unit House in Multiple Occupation (HMO). With planning permission already secured for the conversion, each of the proposed units will feature en-suite facilities and kitchenettes, catering to both comfort and independence for future tenants. The property showcases classic architectural details, including characterful brickwork and bay windows that add charm. Its elevated position from the street provides privacy, complemented by a driveway that accommodates private parking alongside additional space for guests—an uncommon amenity in this neighborhood. Established landscaping at the front entrance enhances its appeal while a side path grants discreet access to the rear garden. Currently configured as individual rental units, this property is already generating income. The existing layout includes communal areas such as an entrance hall and shared kitchen/dining space. Some of the current units boast original features like bespoke storage solutions and ample natural light from the bay windows. Outdoor space is another highlight; the fully enclosed rear garden serves as an ideal retreat for tenants, providing opportunities for relaxation or outdoor dining. Additionally, there’s a secure cycle shed available to promote eco-friendly transportation options in this well-connected locale. Strategically located near Constitution Hill Viewpoint, residents can enjoy green spaces and leisure activities. Conveniently situated just moments from Ashley Road, you will find a variety of shops, cafés, and essential services within easy reach. Public transport options are robust, with multiple bus routes connecting Branksome, Westbourne, Bournemouth, Lower Parkstone, and central Poole. For commuters, excellent rail connections are available via nearby Parkstone (Dorset), Branksome Station, and Poole Station. This makes travel throughout Dorset straightforward. Families will also appreciate the presence of reputable schools in close proximity, such as Livingstone Road Infant and Junior Schools and Ted Webster Children Centre. As a freehold investment proposition with considerable potential return—projected annual income estimates suggest around £60,000—this property presents substantial appeal to seasoned investors or those looking to undertake an HMO conversion project. For anyone interested in securing an income-generating asset with promising scope for improvement and expansion, early viewings are encouraged to explore all that this property has to offer.

Investment Analysis

(BH12 area)

Above Market Value

This property is priced +11.3% above area average per sq ft

+11.3%
This Property
£395/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£336
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£419,941
10% above area average per sq ft
Potential ROI
-37.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (BH12)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 1.9%
5 year growth: 22.8%
Investment Disclaimer: Analysis based on BH12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Croft Road, Poole BH12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE