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Richmond Park Road, Bournemouth

South East

£385,000
Listed on 07/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
1367 sqft

Description

Situated on a corner plot at the intersection of Richmond Park Road and Myrtle Road, this detached house boasts substantial space and a promising renovation opportunity. Located near Queens Park and Charminster, with convenient access to the A338, this property is ideal for investors or buyers eager to craft their dream home in a vibrant area with a variety of amenities just a short drive away. Upon entering through the generous front porch, you are welcomed into a hallway leading to an impressive reception room featuring a round bay window. The ground floor also offers versatility with a sizeable dining area that can serve as a fifth bedroom, along with a fitted kitchen/breakfast room and a downstairs shower room. Ascend to the second floor where three double bedrooms and one single bedroom await, alongside a family bathroom. The low-maintenance rear garden provides a southerly aspect for enjoyable outdoor space, while the grassed side garden ensures privacy thanks to established hedging. Off-road parking is available for several vehicles, complemented by garage access from Myrtle Road. This location is advantageous for its proximity to Queens Park, Charminster, Bournemouth Town Centre, local shops, and Blue Flag Beaches. This property holds substantial potential for refurbishment in an attractive locale.

Investment Analysis

(BH8 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£282/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£334
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£524,115
10% above area average per sq ft
Potential ROI
+12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BH8)

Area prices are falling by -7.6% over the last 12 months
3 year growth: +0.4%
5 year growth: -3.7%
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 Park Road, Bournemouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,374
Based on a loan of £288,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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