Ripon Road, Moordown, Bournemouth, Dorset £300,000
Freehold | 6 bedrooms | 1 reception | 2 bathrooms
Typical Mortgage Costs
- Interest only
- £609 per month
- Repayment
- £1,096 per month
* INVESTMENT OPPORTUNITY CURRENTLY GENERATING 7% RENTAL YIELD
* 5 first floor letting rooms * Ground floor bedroom 6 * Lounge with rear garden aspect * Re-fitted kitchen * Ground floor shower room and first floor bathroom * Detached single garage * Off-road parking * Gardens * Within easy reach of Bournemouth University * SOLE AGENTS
- The Property
- YOUhome® are pleased to offer for sale this substantial detached property currently utilised as an investment by the current owner, with multiple rental rooms. The six lettings rooms are situated on the ground and first floors, five being located on the first and serviced by a re-fitted family bathroom with a further double letting room on the ground floor serviced by a re-fitted shower room. The ground floor also features a lounge which is rear aspect with double doors overlooking the gardens and a re-fitted kitchen / breakfast room.
- Further Benefits
- The property is currently generating an income of approximately £1740 per calendar month, based on six individual letting rooms, providing a rental yield of circa. 7.2%. The property was modernised and improved by the current owner within the last six months. Further benefits include double glazing, gas radiator heating and driveways to either side of the property, leading to a single detached garage and the rear garden.
- The Location
- Ripon Road is a desirable location within the Winton area of Bournemouth and is host to properties of differing style and stature, the location is convenient for the university and various language schools. Bournemouth town centre, with its range of bars, shops and other amenities, Pleasure Gardens, pier approach and access to the seven miles of 'Blue Flag' beaches, is also within close proximity.
- Square Footage
- Approximately 1393 Sq. Ft.
- Fixtures and Fittings
- To be confirmed.
- Services
- Mains water, electricity and gas radiator heating, none of which have been tested.
- Method of Sale
- This property is being offered for sale via Private Treaty.
- Tenure
- Freehold.
- Local Authority
- Bournemouth Borough Council.
- Council Tax
- Band C - £1,332.16 for 2010 / 2011.
- Viewing
- Strictly by prior appointment with YOUhome®, 101 Old Christchurch Road, Bournemouth, Dorset, BH1 1EP. Tel No: 01202 544500.
- Directions
- From our office on Old Christchurch Road proceed to the roundabout and turn left onto Dean Park Crescent. At the Richmond Hill roundabout take the third exit onto Wimborne Road and proceed to the traffic lights at Cemetery Junction. Turn left, continuing along Wimborne Road to the next roundabout. Take the third turning along Wimborne Road and follow into Winton, turn right onto the Castle Road and then take the third left onto Ripon Road.
- URL
- www.youhome.co.uk/listings/2048
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Summary Of Local Market
| Bedrooms | Price Range | Average price | ||
|---|---|---|---|---|
| 1 | £80,000 | - | £155,000 | £121,000 |
| 2 | £119,950 | - | £269,950 | £166,000 |
| 3 | £169,999 | - | £595,000 | £239,950 |
| 4+ | £185,000 | - | £560,000 | £300,000 |
| Unknown | £49,950 | - | £200,000 | £124,975 |
| Total | £49,950 | - | £595,000 | £210,000 |
The above table refers to asking prices of properties for sale within half a mile
Important Notice
In accordance with the Property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to YOUhome .