Guide price
£500,000
8 bed property for saleSuffolk Road, Bournemouth BH2
8 beds
5 baths
- Auction
- Freehold
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About this property
Freehold block of four self-contained flats
Prime Central Bournemouth location close to town centre & beaches
Currently producing £54,000 per annum
Fully let with tenants on standard ASTs
Three-bedroom flats x2 and one-bedroom flats x2
Good internal condition throughout
Development potential to create six flats (STPP)
Projected income of £77,400 per annum once reconfigured
Off-road parking for three vehicles
Private rear gardens and strong rental demand area
Freehold Block of Four Flats | Central Bournemouth | £54,000 p.a. Income | Development Potential (STPP)
A fantastic opportunity to acquire a well-maintained freehold block of four flats in a prime central Bournemouth location, offering immediate income and excellent scope to add value.
Situated in the heart of Central Bournemouth, just moments from the beautiful Bournemouth Gardens leading directly to the pier and award-winning sandy beaches, this property benefits from strong tenant demand and long-term growth potential.
Current Accommodation & Income
The property currently comprises:
Second Floor: Spacious three-bedroom flat with two shower rooms – Let at £1,250 pcm
First Floor: Three-bedroom flat – Let at £1,250 pcm
Ground Floor (Garden Flat): One-bedroom flat with private garden – Let at £1,000 pcm
Additional One-Bedroom Flat: Let at £1,000 pcm
Total Current Income: £54,000 per annum
All apartments are in good internal condition. Tenants are fully referenced and occupy under standard AST agreements. All compliance certificates are available for inspection.
Development Potential (Subject to Planning Permission)
Plans and drawings indicate potential to reconfigure into six flats, comprising:
4 x One-Bedroom Flats
Estimated Rental: £4,000 pcm combined
Estimated Sale Value: £120,000 each
1 x Two-Bedroom Flat
Estimated Rental: £1,200 pcm
Estimated Sale Value: £165,000
1 x Three-Bedroom Flat
Estimated Rental: £1,250 pcm
Estimated Sale Value: £200,000
Projected Income: £77,400 per annum
Estimated gdv: £845,000
Drawings are available to view. All development potential is subject to obtaining the necessary planning consents.
Additional Features
Off-road parking for three vehicles
Private rear gardens
Central town location
Strong rental demand area
Excellent capital growth prospects
This is an exciting opportunity for investors seeking a high-yield buy-to-let with asset management potential, or developers looking to unlock further value in a sought-after coastal location.
**Auction Details**
The property will be entered into our upcoming online (conditional) auction.
You must register to bid and download the legal pack. @
For further information, rental breakdown, plans, or to arrange a viewing, please contact us today.
Agents note: Some photographs in this listing have been digitally enhanced using image-processing and/or ai technology. Enhancements may include adjustments to furnishings and are intended to illustrate the property’s potential. All photos provided to us by the owner were taken prior to the current tenant in situ - internal viewing is recommend to see current condition.
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More information
Tenure
Freehold
Council tax band
Council tax band not yet known
Ground rent
£0
