Flat 2, 24
Flat 2, 24
Description & Estimates
Flat 2, 24, Lorne Park Road, Bournemouth is recorded publicly as a modern leasehold apartment across 473 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, 24, Lorne Park Road, Bournemouth is £147,832 and its rental estimate is £942 per month, given the available information and assuming reasonable condition.
24, Lorne Park Road is a residential building on Lorne Park Road, Bournemouth, BH1 and falls within the BH1 postal district.
Our Data Sources
Flat 2, 24, Lorne Park Road, Bournemouth has 31 entries in the Land Registry , most recently in August 2021 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 2, 24, Lorne Park Road, Bournemouth, we estimate a market value of £155,224 and a rental value of £989 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £137,484 and £876 per month respectively.
Recent Market Change
Over the last year, Flat 2, 24, Lorne Park Road, Bournemouth has seen its estimated sale value move down by £7,211 (4.9%) and its estimated rental value increase by £19 per month (2.0%). This results in an estimated gross rental yield of 7.6%.
Energy Efficiency
Flat 2, 24, Lorne Park Road, Bournemouth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Apr 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 2, 24, Lorne Park Road, Bournemouth completed on 20th August 2021 at £165,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 6.2% over the period since August 2021.
- Sold Aug 2021£165,000
- Sold Sep 1997£135,000
- Sold Nov 1996£60,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 24, Lorne Park Road, Bournemouth have sold within a radius of 260 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st June 2023, was Flat 1, 22, Lorne Park Road, Bournemouth, BH1 1JL, a leasehold flat which sold for £220,000.
Read more about house prices in BH1.
- Sold Jun 2023£220,000 | 2 Bed FlatFlat 1, 22, Lorne Park Road, Bournemouth, BH1 1JLFlat 1, 22, Lorne Park Road, Bournemouth, BH1 1JL
- Sold Jul 2021£165,000 | 2 Bed FlatFlat 5, 24, Lorne Park Road, Bournemouth, BH1 1JLFlat 5, 24, Lorne Park Road, Bournemouth, BH1 1JL
- Sold May 2021£180,000 | 2 Bed FlatFlat 7, 24, Lorne Park Road, Bournemouth, BH1 1JLFlat 7, 24, Lorne Park Road, Bournemouth, BH1 1JL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 201 addresses on Lorne Park Road, Bournemouth, BH1, Flat 2, 24, Lorne Park Road, Bournemouth comes out as the 68th largest and the 68th most expensive in our analysis of the public data.
It is also £61k less expensive than the average property across the BH1 district.
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Schools Nearby
- 1.1kmMalmesbury Park Primary School
- 1.4kmSt Michael's Church of England Primary School
- 1.5kmBethany Church of England Junior School
- 3.0kmBournemouth School
- 3.1kmGlenmoor Academy
- 3.1kmWinton Academy
More reading links
Public Transport Nearby
From Flat 2, 24, Lorne Park Road, Bournemouth, the nearest station is Bournemouth, 600 metres away.
- 600mBournemouth
- 3.2kmPokesdown
- 3.5kmBranksome
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
