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2 Bed Flat For Sale Norwich Avenue West, Bournemouth, BH2

£184,950- Ground Floor Flat

Yield: 6.16%
1 of 13
Yield: 6.16%
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  • Rental Guide: £760 - £950
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
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Last Updated: 5th June 2020

Description

Avenue Estates are pleased to offer for sale as sole agents this spacious two bedroom lower ground floor flat located in Westbourne.

The property comprises of two good sized bedrooms, a family bathroom, modern fully fitted kitchen and a large lounge. With character high ceilings throughout and plenty of storage this flat would make an ideal first time buy or buy-to-let. The flat is situated on the lower ground floor in the wonderful Norwich Mansions building and features off road parking at the rear of the property.

Additional benefits include gas central heating and double glazing.

This flat should be viewed to be appreciated.
Agent Details
Avenue Estates
485-487, Wimborne Road, Bournemouth, BH9 2AW
Show Contact Number
01202 512 354

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
5.7

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
1

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£5548.5
9.6

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 Bedroom properties in “BH2” are mostly listed between £760 - £950. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested