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Grammar School Lane, Wimborne, BH21 1PQ - Image 11

Grammar School Lane, Wimborne, BH21 1PQ

South East

£180,000
Listed on 08/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
801 sqft

Description

This ground floor apartment presents a valuable opportunity for renovation and investment, featuring two generously sized double bedrooms and a spacious sitting/dining area with pleasant views of the Minster. The property's layout includes an 'L' shaped entrance hallway with built-in storage, a kitchen equipped with a range of base and eye-level units, and space for appliances, making it ideal for reconfiguration or modernization. The bathroom boasts a three-piece suite alongside a separate shower room. Additional benefits include seal unit double glazing and gas central heating, as well as a garage located in a nearby block. With no onward chain, this property is ready for immediate purchase. Located within walking distance of Wimborne town centre, you'll enjoy proximity to shops, restaurants, and cultural venues such as the Tivoli theatre, while also having easy access to open countryside and the River Stour. Please note that the leasehold has 58 years remaining; securing an extension will cost approximately £30,000. Furthermore, potential buyers should be aware that the annual ground rent is about £100 and there's an upcoming maintenance charge of approximately £1,030.17 due next year.

Investment Analysis

(BH21 area)

Below Market Value

This property is priced -46.0% below area average per sq ft

-46.0%
Potential saving
This Property
£225/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£347
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£366,670
10% above area average per sq ft
Potential ROI
+70.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (BH21)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -7.1%
5 year growth: 7.2%
Investment Disclaimer: Analysis based on BH21 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

Grammar School Lane, Wimborne, BH21 1PQ
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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
£659
Based on a loan of £135,000 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.

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