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POTENTIAL DEVELOPMENT OPPORTUNITY, Houlton Road, BH15

South East

£425,000

Listed on 09/07/2026

Property details

Bedrooms
3
Type
Detached
Area
881 sqft

Description

This property presents a significant opportunity for renovation and development, set in a peaceful cul-de-sac in Oakdale, just a short distance from Poole town center. The spacious three-bedroom detached bungalow is situated on a generous plot, currently in need of comprehensive refurbishment. It offers potential buyers the chance to craft their ideal home or an investment project with promising returns. The bungalow features well-sized living spaces, including three bedrooms and one bathroom, all positioned within substantial grounds that invite enhancement. Additionally, there are Draft architectural plans available which suggest the feasibility of retaining and refurbishing the existing structure while introducing four terraced houses at the rear, or even replacing the bungalow to build five detached homes (subject to planning permission). With proximity to local amenities, schools, and transport links, this property combines convenience with substantial redevelopment possibilities.

Investment analysis

(BH15 area)

Above Market Value

This property is priced +34.3% above area average per sq ft

+34.3%
This Property
£482/sq ft
Area Average
£359/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£348,052
10% above area average per sq ft
Potential ROI
-31.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (BH15)

Area prices are rising by +5.2% over the last 12 months
3 year growth: +3.5%
5 year growth: +6.6%
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

POTENTIAL DEVELOPMENT OPPORTUNITY, Houlton Road, BH15
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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
£1,606
Based on a loan of £318,750 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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