Worst House on the Street Logo
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 1
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 2
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 3
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 4
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 5
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 6
3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset - Image 7

3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset

South East

£260,000
Listed on 03/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Nestled in the suburban area of Kinson, this property presents a blend of commercial and residential opportunities, just four miles north of Bournemouth Town Centre. The location is well-established, featuring a shopping centre with a mix of local shops along with key amenities like a Tesco Supermarket and Costa Coffee nearby, ensuring daily conveniences are easily accessible. The property consists of a mid-terraced shop on the ground floor, which includes a main sales area along with additional storage and office spaces at the back. An outdoor cloakroom adds practicality for both business operations and customer needs. The shop's layout offers flexibility for various retail or service ventures. Access to the residential unit is conveniently located at the rear of the building. This accommodation features two bedrooms, a lounge, kitchen, and bathroom. Currently occupied by a long-term tenant, this flat has significant potential for renovation and modernization to enhance its appeal and rental value. With some strategic updates, it could become an attractive living space that aligns with current market trends. The outdoor area includes a shared driveway leading onto School Lane and ample tarmacked yard space, providing additional utility that can be beneficial for both commercial operations and residential use. Given the existing tenant in place under an Assured Shorthold Tenancy (AST), there exists an immediate source of income while also presenting scope for future improvements. This property represents not only an investment in real estate but also the chance to revitalize living spaces to meet evolving demands in this growing suburb.

Investment Analysis

(BH11 area)
Area Average
£372/sq ft
Avg Rent (weekly)
£319
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BH11)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -4.8%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on BH11 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

3 Bank Buildings, 1486 Wimborne Road, Bournemouth, Dorset
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£952
Based on a loan of £195,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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