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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 notable penthouse apartment, perched on the fourth floor of a sought-after purpose-built block in central Swanage, offers both an enviable location and significant renovation potential. Just 150 meters from the heart of the town and similarly close to the beach, this property combines convenience with stunning vistas. Built in the early 1960s with brick and Purbeck stone, the structure has seen improvements such as a new flat roof and enhanced insulation. The apartment boasts breathtaking views over Swanage Bay towards the Isle of Wight from its principal rooms, and a generously sized secluded wrap-around roof terrace presents panoramic vistas of both the sea and surrounding Purbeck Hills. While it requires some updating to realize its full potential, which will enhance both comfort and value, it’s worth noting that lift access and a dedicated single garage add significant appeal. Inside, the spacious entrance hall leads to an inviting living room featuring a modern fire surround and expansive windows showcasing magnificent bay views. The kitchen is functional yet could be transformed with contemporary fittings; it comes equipped with light wood units and ample space for dining. There’s also a utility/WC area for added practicality. Both double bedrooms offer recessed wardrobes and shared views of Swanage Bay—one even grants direct access to the impressive roof terrace. The sizable bathroom includes both a panelled bath and separate shower cubicle, concluding this well-thought-out accommodation. The outside area is particularly noteworthy—the extensive roof terrace (approximately 91m2) provides privacy along with commanding views, making it ideal for outdoor entertaining or relaxation. Additionally, there's secure parking available in an attached garage at the rear of the building. Tenured under shared freehold terms with long leases permitted (holiday lets are not), this property stands as an excellent investment opportunity for those looking to create a bespoke coastal retreat.

Investment Analysis

(BH19 area)

Above Market Value

This property is priced +32.7% above area average per sq ft

+32.7%
This Property
£575/sq ft
Area Average
£433/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£410,331
10% above area average per sq ft
Potential ROI
-23.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (BH19)

Area prices are falling by -10.0% over the last 12 months
3 year growth: -7.2%
5 year growth: +0.6%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,753
Based on a loan of £371,250 over 30 years at 3.91% 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.

Price History

-10.0% since listed
£495,000£30,000(-5.7%)
07/09/2024
Current price
£525,000£25,000(-4.5%)
15/02/2024
£550,000Initial listing
17/05/2023

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