A rare high-yield investment opportunity for sale on Alcester Road in the ever-popular Parkstone area of Poole, this freehold two-storey property offers exceptional potential for HMO conversion, redevelopment, or multi-let investment. Comprising two self-contained flats on a single title, it is perfectly positioned for investors seeking strong rental demand, capital growth, and a value-add project in a proven rental hotspot.
Requiring modernisation throughout, the building presents significant scope to refurbish, reconfigure, and maximise returns. With separate entrances already in place and a flexible internal layout, the property is ideally suited to an HMO (House in Multiple Occupation) strategy, allowing for increased occupancy levels and enhanced rental yields. The generous room sizes and adaptable layout provide an excellent foundation for redesign to meet the strong demand for shared accommodation in Poole.
The ground floor offers a spacious layout featuring a large lounge, two double bedrooms, kitchen, and two WCs, making it highly adaptable for conversion into multiple letting rooms with shared facilities. The first-floor flat, accessed via its own private entrance, includes a living room, two double bedrooms, and a bathroom, offering further potential to refurbish as a standalone rental or incorporate into a larger HMO scheme.
Externally, the property benefits from two garages, adding substantial value and further development potential. One garage includes two additional rooms, which (subject to planning permission) could be repurposed as ancillary accommodation, office space, or additional income-generating units. This is a compelling buy-to-let investment opportunity in Poole, offering multiple exit strategies, strong yield potential, and long-term upside in a consistently high-demand rental location.
Property Information:
Ground Floor Apartment:
Local Council Tax & Band: BCP Band B £1,540.36
Leasehold: 198 years from 23 July 1985
EPC: D
First Floor Apartment:
Local Council Tax & Band: BCP Band B £1,540.36
Leasehold: 198 years from 13 December 195
EPC: D
Buyer's Note:
Successful buyer’s will be required to complete online indemnity checks provided by Lifetime Legal. The cost of these checks is £96 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.
Disclaimer:
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
Council Tax Band B
