1 bed flat for sale

Wellington Road, Bournemouth BH8

**investment opportunity with A yield of 13.5% ** A retirement apartment for over 55's on the first floor located in Bournemouth and great access to local amenities and transport. The property offers a double bedroom, good-sized living room, separate kitchen, communal gardens, ad hoc parking, warden assisted development and call system.

Welcomed to the market is this one double bedroom retirement flat with a tenant in situ. Consisting of 44 flats in the development, and built in 1978, Homeleigh House offers retirement living for the over 55's. Non-resident management staff operate from Monday to Friday, Lift service to all floors, Communal Lounge and Kitchen, Laundry Room, Guest facilities, and Gardens. Weekly Social activities include: Coffee mornings, organised by residents.

Upon entry to the development, there is off street parking on a first come first serve basis, communal grounds and semi covered area for mobility scooters, with electric charging points. The communal hallway leads us to all properties and facilities in the building. There is a phone entry system for added security, and building manager on site Monday to Friday. Access to all floors is facilitated by the building lift and stairs.

The property comprises of a double bedroom with built in wardrobe, good size bathroom with full size bathtub, W/C, and Hand Wash Basin. The bathroom is partially tiled and has a vinyl floor for easy maintenance. The lounge is a nice space to relax in and enjoy the peace and quiet of the location and is attached to the kitchen. The kitchen offers space for the fridge freezer, oven, hob, sink and cupboard space. Access to and from the development is very easy, with a bus stop 50 yards away from the property. There is an emergency red cord service in the flat, and an after care service out of hours.

Currently there is a tenant in situ the property has a rental yield of 13.54%.

Agent's notes:
Tenure – Leasehold
Lease length – 92 Years
Service charge £3162.00 per annum
Ground Rent - £150 per annum
Estimated Rental Income: £790 pcm (13.5% yield)
All mains are connected.


1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Martin and Co Bournemouth limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.