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Lake Drive, Poole

South East

£850,000

Listed on 26/05/2026

Property details

Bedrooms
4
Type
Detached
Area
1862 sqft

Description

This substantial four-bedroom property, spanning three floors, offers an intriguing opportunity for renovation and investment. With its current configuration, it is well-suited for use as a holiday rental, featuring two en-suites and a spacious top-floor principal suite that could be further enhanced for guest comfort. The open-plan kitchen/diner serves as an inviting central area, while the separate dining room opens out to the rear garden, presenting potential for improved outdoor entertaining spaces. The layout includes generous double bedrooms, two of which come with stylish en-suite facilities. An additional family bathroom and utility room are already in place to facilitate comfortable living. While the property is operational as a successful holiday let with established bookings, there remains significant potential for upgrades that could elevate its rental income further. The external features include off-road parking—essential for guest convenience—and a fully enclosed rear garden that is ripe for landscaping or redesign to enhance outdoor appeal. Situated opposite Hamworthy Beach and nearby to Poole Quay's vibrant atmosphere, this home's location adds to its attractiveness as a short-term rental investment. With minor cosmetic updates and potential tweaks in functionality, this property has the ability to become an exceptional lodging experience, marrying comfort with modern amenities while capitalizing on the natural allure of its surroundings.

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Investment analysis

(BH15 area)

Above Market Value

This property is priced +26.8% above area average per sq ft

+26.8%
This Property
£456/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£737,250
10% above area average per sq ft
Potential ROI
-19.0%
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
9%
Properties sold annually

Local Market Trend (BH15)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +2.4%
5 year growth: +8.5%
Investment Disclaimer: Analysis based on BH15 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

Lake Drive, Poole
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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
£3,211
Based on a loan of £637,500 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.

Stamp duty calculator

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