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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 freehold block of four flats presents a promising chance for investors looking to capitalize on a prime location in Bournemouth. The property is multi-storey, featuring four self-contained units, which include a two-bedroom garden flat on the ground floor with direct garden access. The first floor showcases both a well-designed studio and a one-bedroom flat, both poised for strong rental demand. On the second floor, you will find another one-bedroom flat, accompanied by an expansive attic space that could be repurposed for additional living space or storage (pending necessary planning permissions). Recent upgrades include new gas boilers in three of the flats, ensuring reduced maintenance issues moving forward. With the right vision, there is significant potential to enhance these properties through refurbishments or reconfiguration to maximize returns. Additionally, the central Bournemouth setting guarantees continuous tenant interest and proximity to various amenities and transport links enhances its appeal. This represents a valuable investment opportunity with both immediate rental income prospects and long-term growth potential.

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
£60,000 - £90,000
Target Value
£564,385
10% above area average per sq ft
Potential ROI
-11.8%
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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