This expansive 17-unit house in multiple occupation (HMO) is strategically located in the vibrant center of Bournemouth, offering a unique opportunity for both immediate rental income and significant renovation potential.
The layout includes a variety of room types—primarily doubles—across three floors, supplemented by multiple kitchens and shared facilities such as shower rooms and WCs. This configuration allows for flexible living arrangements, catering to diverse tenant needs while maximizing occupancy potential. The property currently holds an HMO licence for up to 20 occupants across 14 rooms, providing a solid foundation for ongoing rental activity.
In addition to its current use, planning consent was recently granted for the conversion into eight self-contained flats. This presents an appealing prospect for investors looking to enhance the property's value through redevelopment in a sought-after location.
The property also includes allocated parking space for five vehicles, which is a notable asset in a central urban area. Currently, the rental income is robust, with weekly rates averaging around £2,960 as of August 2023. However, there are opportunities to increase this revenue stream further through strategic upgrades or reconfiguration of select rooms that could potentially be transformed into additional kitchens or self-contained units.
Bournemouth’s lively atmosphere and demand for quality housing make this property not only an immediate income-generating asset but also a promising long-term investment opportunity. Given its location and existing permissions, it stands out as an attractive option for those looking to capitalize on the growing rental market in this appealing coastal town.
