Newfoundland Drive, Baiter Park, Poole, Dorset, BH15
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
THE PROPERTY
This freehold residential investment opportunity is a fully licensed HMO in an excellent location just minutes walk from Poole Quay, Baiter Park and Poole Park. Sainsburys & Aldi supermarkets are also walking distance (5-10 mins) as is Poole Railway station is a short walk (less than 1 mile).
For bus transport there are excellent links at Poole Bus Station (M1 + M2 buses in particular).
Overall accommodation is 5 bedrooms and 3 bathrooms in this three floor townhouse presented in excellent condition as a turnkey landlord friendly investment opportunity.
Buy it now and tuck it neatly into your existing portfolio.
INCOME
(Figures supplied by seller, please verify before commitment to purchase). A consistent and reliable +6% gross rental yield (+5% Net) Monthly rent is £2,750 (Potential to increase this by a further £175 per month with rent reviews). Annual income is usually between - £33,000 and £35,100.
OVERVIEW
5 x Tenants 6 month rolling tenancies. Average length of tenancy circa 18months. Annual costs - £7k (circa)
ACCOMMODATION On the outside both the rear and front of the property are fully paved for zero garden maintenance. Internally you will discover an up together property, including
• Hallway downstairs tiled throughout
• Kitchen has a new cooker and new washing machine and fridge.
• Glow worm boiler ( fitted in August 2022 7yr parts and labour warranty) controlled remotely with a HIVE smart home heating thermostat and control panel.
• Fire Control Panel (Smart Cell) with sounders, break call points and signage is all compliant with current regulation (fitted in July 2022 - cost circa £4,000 fitted)
• Stairs and landing hallways were all re-carpeted including new underlay throughout in 2019. Carpet is dark stripey and hardwearing.
• Bedrooms (x5) were all re-carpeted including new underlay throughout in 2019, matching carpet with stairs and landings. All bedrooms redecorated in 2019
• Communal areas throughout (hall, kitchen, landings and stairs) were decorated in 2019.
• Bedrooms are all good-sized doubles of comparable size. There is one ensuite bedroom (no.3)
• Shared bathrooms (x2). There is a small shower room, toilet and wash hand basin on the ground floor.
There is a larger walk-in shower, toilet and wash
hand basin on the top floor (this was
recently completely refurbished (July
2022).
OUTSIDE The property comes with 2x parking spaces situated at the rear of the house and paved rear garden/courtyard.
COUNCIL TAX - Band E
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Newfoundland Drive, Baiter Park, Poole, Dorset, BH15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Poole Station0.5 miles
- Parkstone Station1.3 miles
- Hamworthy Station2.1 miles
About the agent
Frost&Co, Poole
2 Station Road, Lower Parkstone, Poole, BH14 8UB
What is the secret to our 30 year success?
Our philosophySince 1992 Frost & Co have been proud to serve those looking to move home in the Poole area. We're local and independent, offering clear, concise and honest advice on all aspects of sales and lettings.
Our philosophy is treating others how we
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference BFL230417. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Frost&Co, Poole. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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