8 Bed HMO, Poole, BH14 8NT £600,000

Sandecotes Road, Lower Parkstone, Poole, Dorset, BH14 8NT - 10 views - a year ago
Sold STC
HMO
ROI: 8%
~248 m²
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+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Total Cash In

£186,700

 

 

Cash Out

 

Room Rate

£641

Gross Rent

£5,128

Running Costs/mo

£3,891

Cashflow/mo

£1,237

Cashflow/yr

£14,848

ROI

8%

Gross Yield

10%













Property History

Listed for £600,000

September 5, 2024

Floor Plans

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Description

  • LARGE CAR PARK +
  • POTENTIAL FOR CHILDREN’S NURSERY, HMO OR DOMESTIC USE +
  • GAS CENTRAL HEATING +
  • NO CHAIN - AVAILABLE IMMEDIATELY +
  • LOCATED CLOSE TO PARKSTONE STATION AND ON THE M1/2 BUS ROUTE - GREAT TRANSPORT LINKS +

A substantial eight bedroom former care home offered for sale with vacant possession. This property has a number of potential suitable alternative uses, HMO, care facility, healthcare etc - sole agent, call to book your viewing.

PLEASE REFER TO OUR FLOORPLAN FOR ROOM MEASUREMENTS.

THE PROPERTY - Originally built around 1920 this period home has been used as an 8 bedroom care home for many years. Ther property has a staff area plus accommodation, gas central heating with a recently replaced boiler.

OUTSIDE - There are small gardens at the front and side, a large car park offers space for about 8-9 vehicles although this area could be re-organised to provide more garden if desired.

This building could have a number of potential uses, children’s nursery, HMO, dentists, private healthcare etc.

THE LOCATION - Situated in a visible spot on the corner of Bournemouth Road and Sandecotes Road this would make a good commercial site. Transport links are good with a regular Poole to Bournemouth bus almost outside and Parkstone station a 10 minute walk away.

TENURE - Freehold

TENURE -

Agent Details

Frost&Co, Poole

020 3835 4704

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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