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Richmond Park Road, Bournemouth BH8

South East

£385,000
Listed on 12/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
1367 sqft

Description

This substantial detached house offers four to five bedrooms and is positioned on a generous corner plot, showcasing significant renovation potential in a desirable area. Located within walking distance of Queens Park and just a short journey from the stunning Blue Flag Beaches, this property provides not only spacious living but also the opportunity for modernization or reconfiguration to suit contemporary needs. Entering through a sizable front porch, you are greeted by a hallway leading to an impressive reception room featuring a classic round bay window. The layout includes a versatile dining room that could easily serve as a fifth bedroom, alongside a rear kitchen/breakfast room that awaits updates. A downstairs shower room adds convenience, while upstairs you'll find three good-sized double bedrooms and one single bedroom, complemented by a family bathroom. The outdoor space boasts a southerly-facing low-maintenance garden with hedging for privacy, along with grassed areas offering additional scope for landscaping. Off-road parking and garage access from Myrtle Road completes this appealing package. Its proximity to local shops, Charminster amenities, Bournemouth Town Centre, and transport links makes this an enticing project for those looking to invest in property within the South East.

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
£45,000 - £75,000
Target Value
£524,115
10% above area average per sq ft
Potential ROI
+13.9%
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 BH8
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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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