Like the rest of the South, house prices in Bournemouth and its surrounding area are relatively high although far from the astronomical prices that can be found in London. Bournemouth has a wide range of properties available for sale from traditional houses built in the town’s Victorian heydey to modern apartments. Suburban semi-detached houses with three and four bedrooms are easy to find as are huge properties that have been converted into flats. New builds are readily available, although they often have less space both inside and out than some of the older, more traditional properties.
If you are looking to purchase a property for your own use, your own preferences are of course paramount. On the other hand, if you are looking to invest in a holiday home, or in buy-to-let property your needs will be a little different. Bournemouth has plenty of options for those looking to invest in HMO properties, with many larger properties already being in possession of HMO licences. With so many students attending the universities and language schools in the area, this type of investment is likely to make good returns. Both maisonettes and houses can be found with up to nine bedrooms for rental.
The largest number of properties on the market in the Bournemouth area are in the apartments category, usually with one or two bedrooms. Detached properties make up the second largest share of the market with terraced houses forming the smallest proportion.
According to recent research by Zoopla;
“The average price for property in Dorset stood at £347,482 in January 2018. This is a rise of 1.49% in the last three months (since October 2017) and rise of 4.06% since 12 months ago. In terms of property types, flats in Dorset sold for an average of £240,639 and terraced houses for £265,096. This is according to the current Zoopla estimates.”
The market in this area is fairly buoyant with the majority of properties being sold after less than 6 months on the market.