Studio flat for sale

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Studio flat for sale

Knyveton Road, Bournemouth
£100,000

Price History

Initial price £120,000
10/09/24 £110,000
18/11/24 £100,000
Price Change -16.67%

Description

This ground floor studio apartment is a buy-to-let/investment opportunity located close to Bournemouth town centre and beaches. The property has a tenant in situ, generating a rental income of £700 per month, with an approximate yield of 7%. The studio features an open-plan lounge/kitchen/bedroom, separate shower room, mezzanine storage area, and a separate storage room. The property benefits from a residents' parking permit, gas central heating, and well-maintained communal grounds. The lease has 956 years remaining, and the service charge is approximately £2,400 per annum, covering buildings insurance and water rates. The property is situated within walking distance to Bournemouth town centre, beaches, local shops, restaurants, and bars, as well as public transport links, including bus routes and Bournemouth train station.