£695,000
(£598/sq. ft)
Land for saleAlder Road, Poole BH12
16 beds
1,163 sq. ft
EPC Rating: E
About this property
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
Based upon £900 pcm per room at full occupancy
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.
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
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