Poole Buy-to-Let 2023 Guide

As we’ve just mentioned, Poole property prices are some of the most extravagant in the UK.

The town is often included in the same breath as Bournemouth and Christchurch. Together, they are known as the BCP. Average property prices here are £336,041 per HM Land Registry UK House Price Index.

In comparison, the national average property price sits at £289,824 on that index.

However, if we look at Poole alone, Rightmove puts the average property price at £462,136.

However, Poole is still cheaper than Oxford, Cambridge, London and a smattering of other cities in the UK.

In July 2023, the Land Registry documented a -1.80% price decline in this area, indicating Poole prices are depreciating faster than many other places in the country.

Discover the best way to invest in property with RWinvest’s latest guide.

Lower Parkstone, Lilliput and Branksome Park

This is one of the most affluent areas in Poole. Here, you can find golf clubs and a thriving bed and breakfast market – excellent if considering a short-term lettings strategy. The area is home to tree-filled neighbourhoods and large properties.

Numerous development projects in the area have turned Lower Parkstone into a place where you’ll find mansions and multi-million-pound properties. These may be out of your price range. However, the area attracts retirees, people looking for a family home and wealthy entrepreneurs. If you are an investor with serious capital backing up your plans, you may find a property that serves as the crown jewel in your portfolio. It is well worth considering looking for a student accommodation investment for sale in the Poole region.

In addition, the area offers good local amenities and the Wesbourne and Ashley Cross shopping centres, so it attracts people looking for handy local retail therapy.

Average Property Prices in Lower Parkstone and Branksome Park

The average property price in this part of Poole is £574,547.

Average Rental Yields in Lower Parkstone and Branksome Park

Yields sit around 3.2% in this area.

Canford Cliffs and Sandbanks serve as one of the more affluent local neighbourhoods. Sandbanks is a peninsular with stunning views of the harbour. It boasts the fourth-highest land value out of any place in the world.

These areas are home to footballers, filmmakers and other influential people. They offer white beaches, water sports activities and luxurious hotels. This makes Sandbacks an excellent place for tourism. Therefore, short-term rentals should be the aim of the game if you have the money to buy property here.

Average Property Prices in Canford Cliffs and Sandbanks

Property valuations in Canford Cliffs average £858,071. Sandbanks’ average prices are well over £1 million.

Average Rental Yields in Canford Cliffs and Sandbanks

Rental yields in this part of town are around 2.1%.

Transport Links

Poole has decent rail and road links to other towns and southern parts of England. For instance, you can get to London Waterloo from Poole, Hamworthy and Parkstone train stations in approximately two hours.

Poole is also an important port connecting the UK to France and the Channel Islands. Commuters can travel by ferry to Cherbourg, St. Malo, Guernsey and Jersey.

Tourist Economy

The Jurassic Coast attracts around five million tourists yearly, promising potential fossil finds – not to mention stunning beaches and seaside living. The tourism economy provides plenty of jobs in the area, which means there is a market for long-term lets for workers. In addition, short-term lets may also be an option, especially around the harbour and Sandbanks, where nightly fees are at their highest.

Long-Term Regeneration Prospects

BCP Council has a 20-year plan to regenerate the Poole town centre. The area will be upscaled as a more sustainable and vibrant place. The plans will incorporate Poole’s history with innovation and creativity. This will usher in more housing developments close to the centre – perfect for buy-to-let investments with substantial rental income possibilities.

Typically, the best real estate investments will come from a combination of these qualities, so investors should keep an eye out for them no matter which area they invest in.