Leigham Vale Road, Southbourne, BH6

This two-bedroom ground floor garden apartment presents a solid opportunity for a keen renovator looking to make their mark. The property is in need of full modernisation, with dated interiors throughout, but it boasts a good location just half a mile from Southbourne Overcliff and its award-winning beaches. The space is well proportioned, featuring a dual-aspect living room, two double bedrooms, and a private garden area, which could be transformed into an inviting outdoor space.

However, the economics of this project present a challenge. With an asking price of £325,000, which is 6.6% below the local average price per square foot, the initial acquisition appears reasonable. Yet, when factoring in the renovation costs estimated between £50,000 to £120,000, the total investment could stretch the overall budget compared to local benchmarks, leaving a potential gap in value versus costs. This is something to consider seriously as you explore the project's feasibility.

The project numbers deserve scrutiny: the asking price is only one line of the budget; adding roughly £85,000 for works pushes total exposure towards £410,000, leaving a gap of around 15% versus area norms for this sqft. The economics score captures that squeeze; finished resale value is outside our model.