Bournemouth is a coastal resort town on the south coast of England with a population of around 185,000. Founded in 1810 and initially marketed as a health resort, the town received a boost when it appeared in Augustus Granville's 1841 book, The Spas of England.
Bournemouth's growth accelerated with the arrival of the railway, and the town centre has notable Victorian architecture including the 202-foot (62 m) spire of St Peter's Church.
Bournemouth's location has made it a popular destination for tourists, attracting over five million visitors annually with its beaches and popular nightlife. The town Is also a regional centre of busines and home of the Bournemouth International Centre or BIC.
Legal & General in partnership with the council are in the process of investing in excess of £330 million in the town centre, and there are multiple regeneration projects in neighbourhoods such as Lansdowne and Boscombe.
Bournemouth has witnessed some of the largest capital growth in properties in the UK outside of London. This, along with the good rental demand has attracted nvestment in the area. The town is made up of around 119,000 households, of which around 30,000 are privately rented (25%) and 12,000 are socially rented (10%). There are around 40,000 detached properties, 18,000 semi-detached, 8,000 terraced and 36,000 flats.
Most properties offered on the market are flats, but there is an opportunity for investors who can supply houses as family homes, which remain in demand.
Start your PropertyData free trial today