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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 property presents a compelling investment opportunity in Bournemouth, consisting of a freehold block that houses four self-contained flats across three floors. The ground floor features a generous two-bedroom flat with direct access to a private garden, ideal for enhancing outdoor living space. On the first floor, there is a well-configured studio flat alongside a one-bedroom flat, both appealing to renters and capable of generating steady income. The second floor includes another one-bedroom flat and an expansive attic area that opens up possibilities for future development or additional storage (subject to necessary permissions). Recent installations of new gas boilers in most flats demonstrate proactive maintenance, ensuring lower ongoing costs. This block's layout allows for various enhancement options, whether through cosmetic upgrades or restructuring the spaces to maximize rental yield or resale value. Its prime location in Bournemouth guarantees strong demand from tenants and owner-occupiers alike, making it an excellent choice for investors looking at sustainable returns with potential for appreciation.

Investment Analysis

(BH2 area)

Above Market Value

This property is priced +8.8% above area average per sq ft

+8.8%
This Property
£347/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£276
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£555,918
10% above area average per sq ft
Potential ROI
-8.9%
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 +6.2% over the last 12 months
3 year growth: -10.7%
5 year growth: -1.0%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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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