Studio flat for sale

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Studio flat for sale

Knyveton Road, Bournemouth
£80,000

Price History

Initial price £120,000
10/09/24 £110,000
18/11/24 £100,000
14/01/25 £90,000
01/05/25 £85,000
08/07/25 £80,000
Price Change -33.33%

Description

This is a ground floor studio apartment located in a prime position close to Bournemouth town centre and beaches, offering a buy-to-let/investment opportunity with 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, and a mezzanine area ideal for storage or conversion into a sleeping space. The property also includes a storage room and benefits from a residents' parking permit, gas central heating, and well-maintained communal grounds. With a share of freehold tenure and a lease remaining of 956 years, the property is an attractive investment opportunity with a service charge of approximately £2400 per annum, which includes buildings insurance and water rates. The property is within walking distance to local shops, restaurants, and bars, as well as the popular beaches, and is close to local transport links and Bournemouth train station.