THIS three-bedroom house in Moordown is on the market for a bargain £230,000.

Available through auction this detached three-bedroom property is described as a brilliant letting investment or could be restored to a splendid family home.

Generally you can get a very good bargain when buying a house through auction, but there are pitfalls so you must make sure to do your research before you start bidding. 

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Bournemouth Echo:

There is a large garden and the property sits on a decent sized plot (Zoopla).

At present, the property is partially let with three of the rooms occupied under the terms of Assured Shorthold Tenancy Agreements on a room-by-room basis.

Described as needing some work and some TLC - in the hands of the right buyer this property could turn over a tidy profit or bring in a solid rental yield.

Each of the three rooms currently being let are bringing in £85 per week. 

Bournemouth Echo:

The whole property is in need of some TLC (Zoopla).

The house is situated on Elmes Road in the district of Moordown, a short drive from Bournemouth University and the centre of the town with all of its shopping and other amenities.

The average property price on Elmes Road is around £298,250 which is six per-cent down on the previous year.  

Coming to the market through Clive Emson Auctioneers the property will be available to bidders through auction on June 16. 

Bournemouth Echo:

Three of the rooms in the property are currently being let (Zoopla).

The guide price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property.

Instead it is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. 

To find out more information visit Zoopla.