Churchill Road, Bournemouth, BH1

Property Details: • Type: Terraced • Tenure: Freehold • Floor Area: N/A

Key Features: • Being sold by GOTO online auction • Buyers Fee Payable • Buy-it-now option available • Fantastic Turnkey Investment Producing 10%/Annum Gross Yield (approximate) • Newly Refurbished Throughout • HMO With 7 Rentable Flats • Currently Producing £57,420/annum • Substantial Terraced Property Overlooking Churchill Gardens • Each Flat Fitted With Isolated Power Supply & Meter • Currently Occupied By Working Tenants

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Meridian House Wheatfield Way Hinckley LE10 1YG

Full Description: 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.    * Approximately 1,890 sqft - See Floorplan for measurements.Current Rental Incomes (monthly)Ground FloorFlat 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 FloorFlat 4: £650  (studio with own kitchenette, shared bathroom and toilet)Flat 5A: £790 (studio with own kitchenette and own separate bathroom and toilet)Second FloorFlat 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.LocationThe 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) WalkingChurchill Gardens: OverlooksBoscombe (shopping centre): 0.3 milesAward Winning Beaches: 0.7 milesQueen's Park: 0.8 milesPokesdown Station: 1.0 milesBournemouth Station: 1.1 milesDrivingSouthbourne Grove: 1.8 milesBournemouth Shopping: 1.8 milesChristchurch: 4.0 milesBournemouth Airport: 5.4 milesPoole (Town Centre): 7.6 milesNew Forest (boundary): 9.0 milesEPC 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. This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.  Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions. To book a viewing visit Yopa.  Auctioneer's Comments: This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.  The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.  Buyer Fees Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £6,600 including VAT and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market. Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.