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St. Michaels Road, Bournemouth, Dorset, BH2

South East

£550,000
Listed on 09/04/2026

Property Details

Bedrooms
6
Type
Terraced
Area
1587 sqft

Description

This exceptional freehold block of four self-contained flats presents a valuable investment opportunity in Bournemouth. The property spans three levels and includes a spacious two-bedroom garden flat on the ground floor, which enjoys direct access to a private outdoor space. On the first floor, there is one studio flat and one well-designed one-bedroom flat, both of which hold strong rental potential. The second floor hosts another one-bedroom flat along with an expansive attic area, which could be transformed for additional living space or storage subject to necessary permissions. Recent upgrades include the installation of three new gas boilers across all but the studio unit, highlighting the property's maintained condition. With its prime location in central Bournemouth, this block not only ensures solid demand from tenants and owner-occupiers alike but also offers significant avenues for enhancing value through refurbishment, reconfiguration, or future development possibilities (subject to planning). This is an attractive proposition for investors looking to secure stable income while capitalising on future growth prospects.

Investment Analysis

(BH2 area)

Above Market Value

This property is priced +7.2% above area average per sq ft

+7.2%
This Property
£347/sq ft
Area Average
£323/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£564,385
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (BH2)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -11.2%
5 year growth: -0.5%
Investment Disclaimer: Analysis based on BH2 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

St. Michaels Road, Bournemouth, Dorset, BH2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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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