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Rempstone Road, Swanage

South East

£495,000
Listed on 09/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
861 sqft

Description

This penthouse apartment, positioned on the fourth floor of a well-regarded purpose-built block, offers an excellent opportunity for those looking to invest in a property with significant renovation potential. Located centrally in Swanage, the apartment is just a short stroll from both the main shopping area and the beach, making it an appealing choice for those seeking both convenience and coastal charm. Constructed in the early 1960s using brick and part Purbeck stone, the building has seen improvements such as a new flat roof and enhanced insulation. Despite requiring some updates to bring it to modern standards, this space benefits from lift access and includes a single garage—features that add value and convenience. The apartment is designed to capitalize on its stunning surroundings, with principal rooms offering breathtaking views over Swanage Bay towards the Isle of Wight. A generously sized wrap-around roof terrace provides ample outdoor space for relaxation or entertaining while enjoying panoramic vistas of the sea and Purbeck Hills—a rare benefit that enhances its appeal. Inside, you'll find a spacious entrance hall that leads into various living areas, including a sizeable living room highlighted by large picture windows showcasing outstanding views. The kitchen features light wood cabinetry paired with contrasting worktops and offers space for a breakfast table. Additionally, there’s a separate utility/WC. The two double bedrooms are of equal size, each equipped with recessed wardrobes. Both rooms feature views of Swanage Bay and direct access to the expansive roof terrace from one bedroom. A spacious bathroom completes the interior layout, featuring both a panelled bath and separate shower cubicle. Outside, the extensive roof terrace (approximately 91m²) stands out as an impressive feature that can be transformed into a private oasis with some thoughtful landscaping and design. The property's single garage at the rear provides useful storage or parking options. With its prime location near Durlston Country Park—famous for its connection to the Jurassic Coast—and easy access to local amenities and transport links (including direct train services to London), this property presents not only a desirable home but also an excellent investment opportunity. Long lets are permitted within this shared freehold structure, enhancing its rental potential in this sought-after seaside town.

Investment Analysis

(BH19 area)

Above Market Value

This property is priced +31.2% above area average per sq ft

+31.2%
This Property
£575/sq ft
Area Average
£438/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£415,019
10% above area average per sq ft
Potential ROI
-22.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (BH19)

Area prices are falling by +8.4% over the last 12 months
3 year growth: -8.6%
5 year growth: 3.4%
Investment Disclaimer: Analysis based on BH19 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

Rempstone Road, Swanage
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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
£1,813
Based on a loan of £371,250 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