Langley Road, Poole

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Quick summary

Price
£300,000
Property Type:
Flat
Status:
For Sale
Beds :
4
Baths :
1
Agreed :
Sale Agreed

Property Description

Are you looking for an investment? Development? Rental or family home? This property has it all.

The property is currently laid out as two separate flats each with an off-road parking space. At the time of writing both let as follows, 1 bedroom unit which is currently achieving £675pcm & the 3 bedroom achieves £1245pcm making a total rent of £1920pcm (bills are inclusive in this price). In the last 5 years the property has had a maximum of two months where either flat has not been fully rented, in part due to the location of Branksome’s bus routes, train station, gym, shops and local amenities. 

The flats have undergone a major external renovation in 2017. The flats have been split internally but currently feed off the same utilities with a generous joint internal footprint of approximately 117m2. Permission has been granted to convert to 2 legally separate flats. There would be some work required to splitthe internal supplies, new supplies (Gas, Electricity and water) have been routed to the second flat. We would recommend some modernisation in both flat's. In current market conditions and if the flats were legally separated we would recommend an asking price of £150,000 for the one bedroom with parking and a share of freehold and £250,000 for the 3 bedroom, parking with garden and share of freehold. Due to the large size and good height of the attic there is real potential to convert into either a further flat or accommodation.

The current owner would have carried this out himself but unfortunately is not in a financial or time based position to do the work currently.

Offers above £300,000. 

Property Features

  • Solid Investment
  • Existing H.M.O and separate 1 Bed Flat
  • Small Garden
  • Fully Occupied
  • Approx 8% Return

Floor Plans

Map

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