# 2 bedroom apartment for sale (BH8 8TE) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 4, RICHMOND PARK LODGE, 115 - 117, RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE BH8 8TE | | Price | £184,950 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | B | | Construction age | England and Wales: 2003-2006 | | Floor area | 50 m² | | Last sold | £150,000 Jan 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 13/03/2033 - **Est. upgrade cost to C:** £2,600 ### Recommendations - I (£2,200 - £3,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0390-2014-6270-2097-5565) ## Description A well-presented ground floor apartment which offers comfortable and convenient living in a sought-after location on Richmond Park Road, Bournemouth. Boasting two spacious bedrooms and a bright reception room, this property is perfect for first-time buyers, professionals, or investors. The newly refurbished bathroom features modern fittings, providing a fresh and stylish space. The apartment benefits from gas central heating and double glazing throughout, ensuring warmth and energy efficiency, reflected in its Energy Rating of C. Accessibility is a strong feature of this home, with step-free access making it suitable for all, including those with mobility considerations. Additionally, allocated parking is provided for ease and security. Situated close to local amenities, public transport links, and the beautiful green spaces of Bournemouth, this apartment combines comfort with convenience. Ground rent: £200 per annum Service charge: £1900 per annum Lease: 125 years from 25th December 2005 ## Property Photos - ![Photo](/listings/photos/164053751/1306045) - ![Photo](/listings/photos/164053751/1306048) - ![Photo](/listings/photos/164053751/1306050) - ![Photo](/listings/photos/164053751/1306052) - ![Photo](/listings/photos/164053751/1306053) - ![Photo](/listings/photos/164053751/1306054) - ![Photo](/listings/photos/164053751/1306055) - ![Photo](/listings/photos/164053751/1306056) - ![Photo](/listings/photos/164053751/1306057) - ![Photo](/listings/photos/164053751/1306058) - ![Photo](/listings/photos/164053751/1306060) - ![Photo](/listings/photos/164053751/1306062) ## Floorplans - ![Floor Plan](/listings/photos/164053751/1306064) - Floor Plan ## EPC Graphs - ![EPC graph](/listings/photos/164053751/1306067) - EPC graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | RICHMOND PARK LODGE, 115 - 117 FLAT 4 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8TE | £150,000 | 24/01/2025 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 129 FLAT 1 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8UA | £162,500 | 09/01/2026 | Flat | | CAPSTONE COURT, 120 - 124 FLAT 11 CAPSTONE ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8RT | £175,000 | 19/12/2025 | Flat | | GEORGE COURT, 147 FLAT 10 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8UA | £199,000 | 12/12/2025 | Flat | | BROOKLEY COURT, 112A FLAT 1 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8TJ | £190,000 | 05/12/2025 | Flat | | 29 ORCHESTON ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8SP | £130,000 | 05/12/2025 | Flat | | CAPSTONE COURT, 120 - 124 FLAT 12 CAPSTONE ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8RT | £178,500 | 17/11/2025 | Flat | | EDWARD COURT, 151 FLAT 7 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8UA | £208,000 | 28/08/2025 | Flat | | HADLEY COURT, 127 FLAT 6 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8UA | £191,500 | 27/06/2025 | Flat | | HADLEY COURT, 127 FLAT 1 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8UA | £170,000 | 12/03/2025 | Flat | | CHERRY GRANGE, 133 FLAT 3 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8RS | £176,000 | 17/02/2025 | Flat | | PARK PLACE, 134B FLAT 4 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8PT | £162,000 | 20/12/2024 | Flat | | 3 FLAT E QUEENS PARK GARDENS, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 9BN | £182,000 | 18/12/2023 | Flat | | 7 FLAT 1 QUEENS PARK GARDENS, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 9BN | £250,000 | 18/12/2023 | Flat | | CAPSTONE COURT, 120 - 124 FLAT 13 CAPSTONE ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8RT | £157,000 | 10/11/2023 | Flat | | 65A RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8TX | £280,000 | 06/11/2023 | Flat | | 14 FLAT 5 WESTWOOD HOWARD ROAD, QUEENS PARK, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 9DY | £190,000 | 20/10/2023 | Flat | | PARK PLACE, 134B FLAT 1 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8PT | £260,000 | 06/10/2023 | Flat | | PINELANDS COURT, 128 FLAT 1 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8TH | £178,500 | 08/09/2023 | Flat | | GEORGE COURT, 147 FLAT 6 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8UA | £240,000 | 17/05/2023 | Flat | | FAIRWAYS, 124 FLAT 7 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8TL | £220,000 | 24/12/2022 | Flat | | [Same street] RICHMOND PARK LODGE, 115 - 117 FLAT 1 RICHMOND PARK ROAD, BOURNEMOUTH, BOURNEMOUTH, CHRISTCHURCH AND POOLE, BH8 8TE | £162,500 | 05/08/2022 | Flat | **Street average:** £162,500 (1 sale) **Area average:** £195,000 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £179,133 (43 Flat, BH8, 2024–2026) - **Deviation:** +3.2% ## Rental Range *ONS Price Index of Private Rents (Bournemouth, Christchurch and Poole). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,264/mo - **Realistic:** £1,404/mo - **Optimistic:** £1,544/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Capstone Road, BH8 | £1,192/mo | 2 | 0.37 miles | OpenRent | | 2 Bed Flat, Richmond Court, BH8 | £1,248/mo | 2 | 0.37 miles | OpenRent | **Average rent: £1,220/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.66% (weak for cashflow) - **Max investor price (0.8%):** £152,500 - **Target investor price (1%):** £122,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,220/mo).* - **Gross yield:** 7.9% - **Cost-to-rent:** 12.6× - **Monthly cashflow:** £345/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 7.7% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £3,699/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 1.6% - **10y growth:** 9.2% ## House Price Index (HM Land Registry) *Official index for Bournemouth Christchurch and Poole; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -5.3% - **5y growth (index):** -1.2% - **10y growth (index):** 16.6% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)