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2 bedroom apartment for sale

Wolsdon Street, Plymouth

Removed £68,000

Property Description

Key features

  • Great Yielding Investment Property
  • City Centre Location
  • 2 x Bedrooms
  • Gas Central Heating
  • Double Glazing
  • Reverse Freehold
  • Settled Tenants
  • Separate Kitchen and Sitting Room
  • South Facing Rear Courtyard
  • No Chain

Full description

Tenure: Freehold

SUMMARY TURN-KEY INVESTMENT YIELDING 8.8% AT ASKING PRICE - Tenanted property with 11 month remaining on the AST fixed term. Rented at £500pcm and with potential for upside, this property is offered with reverse freehold. Comprising ground floor flat with 2 x bedrooms, sitting room, separate kitchen and fully fitted bathroom, there aren't many opportunities to acquire this type of investment around. 

DETAIL This investment property is located in the heart of Stonehouse at the end of a quiet no-through road. The ground floor flat is entered from street level through its own private entrance which leads directly into the kitchen area. The property has been upgraded and is presented in good condition.

On the left-hand side can be found a fully fitted, modern kitchen in white with dark laminate work surfaces and fully tiled splash back There is a gas hob with electric oven and extractor hood over, washing machine and fridge-freezer. The floor is laid to light wood-effect vinyl. Doors lead from the kitchen to the bathroom and rear courtyard.

The bathroom comprises double width upright shower, towel radiator, basin and WC, extractor. The room is tiled in cream on the walls with off-white floor tiling. There is an airing cupboard which houses the gas combi boiler with ample space for additional storage. Privacy glazed windows exist on either side ensuring ample light in this room.

A large sitting room is located towards the middle of the property with large window overlooking the private courtyard to the rear. The room is carpeted and decorated in a neutral style. Both bedrooms are located to the right hand side of the property. The larger bedroom is a good-sized double with a smaller second bedroom ideal as a child's room or office space. All rooms are fitted with radiators fed by the central heating system and fitted with uPVC double glazing. 

KITCHEN 10' 2" x 8' 6" (3.10m x 2.61m)  


SITTING ROOM 12' 11" x 10' 7" (3.94m x 3.23m)  

BEDROOM 1 13' 1" x 9' 8" (4.01m x 2.97m)  

BEDROOM 2 9' 6" x 6' 9" (2.91m x 2.07m)  

OUTSIDE 15' 9" x 20' 7" (4.81m x 6.28m) There is a good-sized south-facing private rear courtyard which is fenced and fitted with corner beds and outside tap. The space also benefits from covered concrete storage space which was formerly a coal-shed and fitted wooden bench. 

VIEWINGS The property will appeal to canny investors looking for an immediate return. The reverse freehold ensures that property maintenance bills can be effectively controlled between the two flats that comprise the wider building without the need for external freeholder involvement or additional surcharges.

Interested applicants should contact Martin & Co (Plymouth) on 01752 255 255 in order to arrange their viewing appointment. 

Listing History

Added on Rightmove:
12 September 2016

Map & Street View

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