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Christchurch Road, Bournemouth

South East

£185,000
Listed on 05/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy development opportunity situated on Christchurch Road in the lively town of Boscombe. With planning permission already secured for the creation of two residential flats above and behind existing office premises, this site is primed for transformation. The proposed layout includes a one-bedroom ground-floor flat featuring its own entrance and a private garden. Additionally, plans encompass a one-bedroom duplex flat that spans two floors (first and second), which boasts a balcony to enhance the living experience. Each unit has been thoughtfully designed to cater to modern living standards, making them appealing options for potential renters or homeowners. Located along Boscombe High Street, this property benefits from proximity to an extensive range of local amenities, including shops, restaurants, and cafes. The sandy shores of Boscombe beach are less than a mile away, further enhancing the location's desirability. Christchurch Road is characterized by its vibrant atmosphere and strong transport connections, which are integral for attracting both residents and businesses. Boscombe itself is a charming seaside suburb located just east of Bournemouth’s town center. The area showcases diverse architectural styles, from Victorian buildings like the Royal Arcade to the Art Deco influences seen along Boscombe Pier. Public transportation options are readily accessible at nearby Pokesdown and Bournemouth stations. For those interested in recreational activities, Kings Park is within walking distance and offers facilities such as an athletic track, skate park, recreation areas, and a cricket field with a café. In terms of investment potential, new 999-year leases will be established for Flats 2 & 3 at 718 Christchurch Road upon completion of the development. This prospect not only allows for future capital growth but also contributes to addressing housing demand in this thriving community.

Investment Analysis

(BH7 area)
Area Average
£378/sq ft
Avg Rent (weekly)
£245
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (BH7)

Area prices are rising by +13.4% over the last 12 months
3 year growth: 17.9%
5 year growth: 27.9%
Investment Disclaimer: Analysis based on BH7 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

Christchurch Road, Bournemouth
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£678
Based on a loan of £138,750 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