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Richmond Wood Road, Queens Park, Bournemouth - Image 1
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Richmond Wood Road, Queens Park, Bournemouth

South East

£450,000
Listed on 08/11/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1914 sqft

Description

This spacious five-bedroom detached home presents a rare opportunity for renovation and investment in a highly desirable residential area. While the property requires significant modernization, its solid structure and generous layout offer immense potential for those looking to create their dream home or capitalize on rental possibilities. The entrance porch welcomes you into the property, leading to a well-proportioned hallway filled with original features such as molding and picture rails. The three reception rooms provide ample living space, each with unique characteristics that could be enhanced with contemporary design choices. The front-facing reception rooms boast bay windows, inviting natural light while maintaining charming architectural details. The kitchen, though in need of an update, features dual aspect windows that allow for bright morning light and easy access to the garden. Adjacent to the kitchen is a conveniently located ground-floor shower room that reflects the home's current needs for modern amenities. Upstairs, the five bedrooms vary in size, each providing blank canvases for personal touches. The largest two bedrooms include vanity sink units and multiple windows overlooking either the rear garden or the street—a feature that can immediately enhance their appeal. The existing bathroom and separate WC further highlight areas where modern fixtures could significantly improve functionality. Outside, the property is framed by a low wall and wrought iron railings with off-road parking available on the hardstanding driveway. The south-facing rear garden is particularly noteworthy; its generous size offers various possibilities for landscaping or outdoor entertainment. There's an established area of lawn and flower borders along with practical spaces including a storage shed and greenhouse at the far end. In summary, this property provides an exciting opportunity for buyers willing to invest time and resources into renovations—creating not just a home but also enhancing value in an already sought-after location. With careful consideration of design improvements, this substantial dwelling has all the ingredients necessary to realize its full potential.

Investment Analysis

(BH8 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£235/sq ft
Area Average
£352/sq ft
Avg Rent (weekly)
£348
Avg Yield
6.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£740,996
10% above area average per sq ft
Potential ROI
+30.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BH8)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 6.1%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on BH8 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

Richmond Wood Road, Queens Park, Bournemouth
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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
£1,648
Based on a loan of £337,500 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