A fantastic opportunity to purchase a newly refurbished HMO in Boscombe, Bournemouth, BH1. This substantial, character, terraced property overlooks Churchill Gardens and consists of seven rentable flats. The properties are currently occupied by working tenants and produce £57,420/annum. Current Rental Incomes (monthly) Ground Floor Flat 1: £650 (studio with own kitchenette, shared bathroom and toilet) Flat 2: £625 (studio with own kitchenette, shared bathroom and toilet) Flat 3: £840 (studio with own separate kitchen and own separate bathroom and toilet) * Flat 3 also has use of a large outside courtyard with its own rear entrance. First Floor Flat 4: £650 (studio with own kitchenette, shared bathroom and toilet) Flat 5A: £790 (studio with own kitchenette and own separate bathroom and toilet) Second Floor Flat 6: £650 (studio with own kitchenette, shared bathroom and toilet) Flat 7: £580 (studio with own kitchenette, shared bathroom and toilet) TOTAL: £57,420/annum (gross) * Each flat has its only electricity supply meter. Electricity is paid in addition to rent by tenants. * Each flat has its own water heater, providing electrically heated hot water. * Each flat has electric heating. * Gas central heating heats the communal area. * Currently, landlords pay for communal gas & electricity (hallways and shared rooms), council tax, water and sewage. Refurbishment Information (provided by sellers) Flat 3 and flat 5a have their own bathrooms and flat 5a has utility room with new washing machine (2024) supplied by landlord. The others share the new shower room and the single toilet. There is an old bathroom which is currently uses for storage, but this room could be used as an additional ensuite flat 4. Alternatively, it could be used as an additional communal bathroom. The ensuite would provide additional rental and increase the rent for flat 4 to at least £700 per month. Flat 1, 2, 4, 5a, 6 and 7 have been fully renovated with new kitchens (with USB sockets) and appliances (extractor, oven, hob), plumbing for washing machines, new carpets, new blinds, decoration, new under counter water heaters, and new electric wall heaters making them self sufficient. Works completed between January 2024 and March 2025. The house has been fully decorated in that period also. A new boiler installed, new shower room, smart meters installed for gas and electric. Flat 3 has not been renovated, but a new under counter water heater was installed, if it was to be remodelled it could command a higher rent as it has a studio bedroom, kitchen, bathroom and a large outside court yard with its own rear entrance. The communal area has been decorated with new carpets, sensor lights, and main door painted inside and outside. The current EPC lasts until December 2027. There are only three gas heated radiators in communal areas that now have thermostat controls. The current EPC may not reflect the work that has been undertaken. Note that Flat 3 has its own EPC, which it is valid until 21 July 2035. Location The property is conveniently located, close to shops and amenities and within walking distance of Bournemouth Station, Pokesdown Station and Award Winning Beaches. Boscombe is a popular seaside suburb of Bournemouth that offers its own shopping centre and many bars & restaurants. Boscombe is situated between Bournemouth to the west and Southbourne to the east. Distances to Places of Interest (approximate) Walking Churchill Gardens: Overlooks Boscombe (shopping centre): 0.3 miles Award Winning Beaches: 0.7 miles Queen's Park: 0.8 miles Pokesdown Station: 1.0 miles Bournemouth Station: 1.1 miles Driving Southbourne Grove: 1.8 miles Bournemouth Shopping: 1.8 miles Christchurch: 4.0 miles Bournemouth Airport: 5.4 miles Poole (Town Centre): 7.6 miles New Forest (boundary): 9.0 miles EPC band: E **MATERIAL INFORMATION** The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well