Why Bournemouth Town Centre is a smart choice for Buy-to-let mortgage seekers

georsec
Jul 2
2 min read

Bournemouth town centre is not just a picturesque coastal hub; it's a dynamic area offering promising opportunities for buy-to-let investors. With its blend of urban amenities, a steady influx of students and professionals, and ongoing regeneration projects, the town centre stands out as a compelling location for property investment.

Strong rental demand and competitive yields

The rental market in Bournemouth town centre is robust, driven by a diverse tenant base including students from Bournemouth University, young professionals, and seasonal workers. According to Home.co.uk, the average rent in Bournemouth is £1,649 per month, with one-bedroom flats averaging £899 and two-bedroom properties at £1,387. This demand contributes to competitive rental yields, with long-term lets averaging around 4.6% and short-term holiday lets potentially offering higher returns.

investors getting a property with a buy to let mortgage in bournemouth

Diverse property types to suit various strategies

Investors can choose from a range of property types in the town centre:

Modern apartments: Ideal for young professionals seeking proximity to work and amenities.
Period conversions: Appeal to tenants looking for character properties with modern conveniences.
HMOs (Houses in Multiple Occupation): Suitable for student housing, especially near the university and the Triangle area.
Short-term holiday lets: Given Bournemouth's status as a tourist destination, properties catering to holidaymakers can yield significant returns during peak seasons.rw-invest.com

Ongoing regeneration enhances investment appeal

Significant regeneration efforts are underway to revitalize Bournemouth town centre. The BCP Council's Town Investment Plan outlines initiatives to improve infrastructure, digital connectivity, and local transport. Additionally, projects like the redevelopment of the former Buzz Bingo Hall into 40 affordable homes demonstrate a commitment to enhancing the area's residential appeal.

Considerations for Buy-to-let mortgage seekers in Bournemouth

While the prospects are promising, investors should be mindful of:

Property prices: The average property price in Bournemouth is £378,921, higher than the national average.
Regulatory compliance: Ensure adherence to local planning regulations, especially for HMOs and short-term lets.
Market competition: High demand can lead to increased competition among landlords, necessitating well-maintained and strategically located properties.

Conclusion

Bournemouth town centre offers a vibrant and evolving landscape for buy-to-let investors. With strong rental demand, diverse property options, and ongoing regeneration projects, the area presents opportunities for both steady income and capital appreciation. As always, thorough research and due diligence are essential to maximise investment returns.

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Related Pages:

Buy-to-let Mortgages Bournemouth

Buy-to-let Mortgages Boscombe, Boscombe East and Pokesdown