5, Skinner Street, Poole, BH15
South East
£1,990,000
Listed on 21/08/2026
Listed on 21/08/2026
The listing
Property details
Bedrooms
18Type
Block Of ApartmentsFeatures
- Garden
- Parking
- Tenanted
Description
This unique freehold property consists of a block housing nine two-bedroom apartments, each with significant potential for renovation and investment. Built in the 1980s, these spacious units feature double glazing, electric heating, sizable lounge/dining areas, separate kitchens, and bathrooms. Occupied under Assured Periodic Tenancies, they currently generate a gross annual income of approximately £129,600 at £1,200 per month per apartment. Located just moments from the popular Poole Quay and local amenities, this property offers excellent rental demand. Investors have numerous options including refurbishing individual apartments to enhance their value or exploring the possibility of developing additional accommodation subject to planning permissions. The communal gardens provide a pleasant outdoor space and there are nine allocated parking spaces with potential for expansion. This is an attractive opportunity in a highly sought-after area that combines convenience with investment potential.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is an unusual freehold block of nine two-bedroom apartments, with parking and communal gardens, a short walk from Poole Quay and the town-centre amenities. The photographed example flat looks clean and usable, but its kitchen and finishes are dated, giving scope for a cosmetic refresh; the exterior and grounds appear generally maintained. The listing also points to possible ways to enhance or reconfigure the accommodation, subject to planning and feasibility.
Even a workable headline price does not rescue the maths when once you allow for meaningful works on top of the asking price, the economics look thin versus current-condition benchmarks — roughly 18% above what comparable floor area achieves locally in current condition. Hence the weak economics component — a proxy for today's market, not post-refurbishment GDV.
Key opportunities
- Refresh the dated, serviceable finishes in the apartments to improve their presentation.
- Nine two-bedroom units, parking and communal gardens offer a substantial existing rental proposition close to Poole Quay.
- Explore the listing’s suggested options for additional accommodation or alternative use, subject to planning and feasibility.
Key risks
- At the asking price, adding a mid-to-substantial works programme leaves the overall outlay stretched against local benchmarks for the floor area.
- Budget carefully — economics look thin once the asking price and a mid-to-substantial refurb are combined, leaving a gap of around 18% versus area norms for this sqft — current-condition benchmarks only, not after-works GDV.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
Transport
Nearest stations
Poole Rail Station
0.4 miles
Train · Poole
Parkstone (Dorset) Rail Station
1.7 miles
Train · Parkstone
Hamworthy Rail Station
1.8 miles
Train · Hamworthy
Branksome Rail Station
2.9 miles
Train · Branksome Park
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£8,131
Based on a loan of £1,492,500 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
+2.1% since listed
£1,990,000+£40,000(+2.1%)
22/08/2026£1,950,000Initial listing
20/08/2026Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
