Alder Road, Poole, BH12
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
16
- BATHROOMS
16
- SIZE
1,163 sq ft
108 sq m
- 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
Key features
- Full planning consent for a 16-bed HMO
- Private en-suite facilities to all bedrooms
- Over 5,000 sq ft proposed accommodation
- Projected gross rental income of approximately £172,800 per annum
- No CIL liability
- Planning decision notice available
- Full proposed plans available
- Suitable for experienced HMO developers and investors
- Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.
Description
GUIDE PRICE £600,000-£695,000
CONSENTED 16-BED HMO DEVELOPMENT OPPORTUNITY | 5,000+ SQ FT | BOURNEMOUTH
Welcome Homes are delighted to offer this exciting development opportunity with planning consent for a substantial 16-bedroom HMO scheme.
An excellent opportunity for developers and investors to acquire a consented 16-bed HMO development, with the proposed scheme providing over 5,000 sq ft of accommodation and 16 bedrooms, each designed with private en-suite facilities.
The development offers the potential to create a substantial income-producing investment in a strong Bournemouth rental location.
INVESTMENT POTENTIAL
The proposed completed development is anticipated to provide an attractive income-producing asset, with projected rental income of approximately:
£172,800 PER ANNUM
This calculation is based upon 16 rooms at £900 pcm, assuming full occupancy.
Based on the proposed scheme and current market appraisal, the anticipated completed investment value is estimated at approximately £1.8 million to £2.1 million, depending upon the final specification, rental levels, investment yield and prevailing market conditions at the time of completion.
This provides an opportunity for an experienced developer to acquire a site with the benefit of planning already secured and undertake the development with a clear end-use and rental strategy.
PLANNING
The site benefits from planning consent for the proposed 16-bedroom HMO development.
The planning package includes detailed proposals for the creation of a modern HMO scheme providing 16 en-suite bedrooms and associated communal accommodation.
There is no CIL liability, providing an additional benefit when assessing the overall development appraisal.
The following information is available to interested parties:
Approved planning drawings
Planning decision notice
Development information
DEVELOPMENT OPPORTUNITY
This is an attractive opportunity for a developer or investor looking to acquire a consented HMO development rather than undertaking the planning process from scratch.
The combination of:
16 en-suite bedrooms | 5,000+ sq ft | £172,800 projected annual rent | £1.8m–£2.1m anticipated completed value | No CIL
makes this a particularly interesting proposition for specialist HMO investors and developers.
The opportunity may suit:
HMO developers
Property investment companies
Experienced private investors
Build-to-rent investors
Specialist residential developers
DOWNLOAD INFORMATION & MAKE AN OFFER
Full information relating to the development is available to download directly from the Welcome Homes website.
Application reference no: P/25/03850/CONDR
Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.
EPC Rating: 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: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference 675ea4c2-d9bd-42bb-8c7e-7f068d899589. 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 Welcome Homes, Iford. 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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