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SOLD STC

The Court House, 3 Longfield Place, Plymouth, PL47BS

Key features

  • Hands off student investment
  • Generate income right from completion
  • Impressive 8.53% NET return
  • Tenanted for the 2025 academic year
  • Self contained student studio
  • Popular development
  • Experienced management in place
  • Beautifully redeveloped Grade II listed building

Description

ATTENTION INVESTORS - HIGH YIELDING HANDS OFF INVESTMENT! High quality student studio apartment walking distance to the city centre and university, in a beautifully redeveloped Grade II listed building.

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

This stunning studio apartment is offered fully furnished to an extremely high standard and includes a kitchenette and en-suite bathroom. Located in a beautifully redeveloped Grade II listed building, residents of The Court House benefit from boutique-style facilities, including a gymnasium and a common room, which allows students to socialise freely with each other and instils a sense of community within the development.

The Court House couldn't be in a more ideal location. The University of Plymouth is only a 10 minute walk away, along with the city centre which offers fantastic retail and nightlife experiences as well as amenities such as a cinema, bars, restaurants and live entertainment venues all within walking distance of this development. Plymouth has plenty of local attractions including boat trips, sandy beaches, a waterfront Lido and the UK's largest aquarium. There is also lots of green space to explore with the Dartmoor National Park nearby, this is truly a beautiful area to live in.

Plymouth, otherwise known as "Britain's ocean city" is home to nearly a quarter of a million people, and is one of the most visited cities in the UK with a tourism trade estimated to be worth £250m a year to the local economy. With over 30,000 students living in the area, Plymouth is an incredibly popular university location and continues to attract a high number of overseas students who represent nearly a sixth of the total student population.

Financial Breakdown

Gross Rent: £6,210.00
Net income: £3,581.41
Gross yield: 15.92%
Net yield: 9.18%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07931
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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The Court House, 3 Longfield Place, Plymouth, PL47BS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Plymouth Station0.6 miles
  • Devonport Station1.8 miles
  • Dockyard Station2.0 miles
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About yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-07931. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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