Bournemouth, Dorset, BH1 4ES - Online Properties

A fantastic opportunity to purchase a newly refurbished HMO in Boscombe, Bournemouth, BH1. This substantial, character, terraced property overlooks Churchill Gardens and consists of seven rentable flats. The properties are currently occupied by working tenants and produce £57,420/annum. Current Rental Incomes (monthly) Ground Floor Flat 1: £650 (studio with own kitchenette, shared bathroom and toilet) Flat 2: £625 (studio with own kitchenette, shared bathroom and toilet) Flat 3: £840 (studio with own separate kitchen and own separate bathroom and toilet) * Flat 3 also has use of a large outside courtyard with its own rear entrance. First Floor Flat 4: £650 (studio with own kitchenette, shared bathroom and toilet) Flat 5A: £790 (studio with own kitchenette and own separate bathroom and toilet) Second Floor Flat 6: £650 (studio with own kitchenette, shared bathroom and toilet) Flat 7: £580 (studio with own kitchenette, shared bathroom and toilet) TOTAL: £57,420/annum (gross) * Each flat has its only electricity supply meter. Electricity is paid in addition to rent by tenants. * Each flat has its own water heater, providing electrically heated hot water. * Each flat has electric heating. * Gas central heating heats the communal area. * Currently, landlords pay for communal gas & electricity (hallways and shared rooms), council tax, water and sewage. Refurbishment Information (provided by sellers) Flat 3 and flat 5a have their own bathrooms and flat 5a has utility room with new washing machine (2024) supplied by landlord. The others share the new shower room and the single toilet. There is an old bathroom which is currently uses for storage, but this room could be used as an additional ensuite flat 4. Alternatively, it could be used as an additional communal bathroom. The ensuite would provide additional rental and increase the rent for flat 4 to at least £700 per month. Flat 1, 2, 4, 5a, 6 and 7 have been fully renovated with new kitchens (with USB sockets) and appliances (extractor, oven, hob), plumbing for washing machines, new carpets, new blinds, decoration, new under counter water heaters, and new electric wall heaters making them self sufficient. Works completed between January 2024 and March 2025. The house has been fully decorated in that period also. A new boiler installed, new shower room, smart meters installed for gas and electric. Flat 3 has not been renovated, but a new under counter water heater was installed, if it was to be remodelled it could command a higher rent as it has a studio bedroom, kitchen, bathroom and a large outside court yard with its own rear entrance. The communal area has been decorated with new carpets, sensor lights, and main door painted inside and outside. The current EPC lasts until December 2027. There are only three gas heated radiators in communal areas that now have thermostat controls. The current EPC may not reflect the work that has been undertaken. Note that Flat 3 has its own EPC, which it is valid until 21 July 2035. Location The property is conveniently located, close to shops and amenities and within walking distance of Bournemouth Station, Pokesdown Station and Award Winning Beaches. Boscombe is a popular seaside suburb of Bournemouth that offers its own shopping centre and many bars & restaurants. Boscombe is situated between Bournemouth to the west and Southbourne to the east. Distances to Places of Interest (approximate) Walking Churchill Gardens: Overlooks Boscombe (shopping centre): 0.3 miles Award Winning Beaches: 0.7 miles Queen's Park: 0.8 miles Pokesdown Station: 1.0 miles Bournemouth Station: 1.1 miles Driving Southbourne Grove: 1.8 miles Bournemouth Shopping: 1.8 miles Christchurch: 4.0 miles Bournemouth Airport: 5.4 miles Poole (Town Centre): 7.6 miles New Forest (boundary): 9.0 miles EPC band: E MATERIAL INFORMATION The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well EPC Rating CURRENT 40/65 POTENTIAL Opening Bid and Reserve Price This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply. Comments Energy Performance Certificate (EPCs) An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.