Woodland Terrace, Greenbank
- PROPERTY TYPE
End of Terrace
- BEDROOMS
22
- BATHROOMS
19
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Substantial Residential Building
- 16 One Bed Apartments
- 3 Two Bed Apartment
- Spacious Gardens
- Off Road Parking to Front
- In Need of Renovation
- Potential Rental Income of £159,600 per annum
- No Onward Chain
- Council Tax Band - A
- EPC Rating D / E
Description
Investment Opportunity: Residential Building with 16 One-Bedroom Flats, Three Two-Bedroom Flat, Spacious Gardens, and Ample Parking. This property has limited indoor mobile coverage
LOCATION Greenbank, Plymouth is a thriving and diverse neighborhood known for its close proximity to Plymouth University and Plymouth College of Art, making it a popular choice for students, professionals, and families alike. Just a short walk from Plymouth City Centre, Greenbank offers the perfect blend of urban convenience and residential charm.
DESCRIPTION An excellent investment opportunity awaits with this substantial residential building, comprising 16 one-bedroom flats and 3 two-bedroom flat, offering significant rental potential. Located in a desirable area, this property boasts spacious gardens and parking for multiple vehicles at the front, adding to its appeal for tenants and investors alike.
With a previous rental income of £159,600 per annum when fully let, the building offers strong returns. However, it is worth noting that one apartment has been damaged by fire and certain parts of the building are in need of renovation, providing an ideal opportunity for investors to add value through refurbishment and modernization.
The property is well-suited for those looking to invest in a rental portfolio with potential for substantial yields once the necessary works are completed. With its central location, ample parking, and outdoor space, it will continue to be attractive to a wide range of tenants, offering long-term rental prospects.
Whether you are a seasoned investor or looking for a large-scale project, this building presents a unique chance to acquire a property with excellent scope for development and high rental income potential. Contact us today to arrange a viewing and explore the possibilities this property has to offer.
COUNCIL TAX BANDS All flats individually banded at Council Tax Band A
EPC Flat 1, 2, 3, 4, 5, 6, 9, 11, 16, 17, 18, 19 - EPC Rating E
Flat 7, 8, 10, 12, 13, 14, 15 - EPC Rating D
VIEWINGS Interested applicants should contact Martin & Co today on in order to arrange their viewing appointment.
NOTICE TO APPLICANTS We endeavor to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately £200 per referral.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Woodland Terrace, Greenbank
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About Martin & Co, Plymouth
27 Mutley Plain, Mutley, Plymouth, PL4 6JGWe are an established estate agent and letting agent based in Plymouth. We specialise in sales, lettings and property management and take pride in delivering an exceptional service to sellers, buyers, landlords and investors alike
Moving is a busy and exciting time and we're here to make sure the experience goes as smoothly as possible by giving you all the help you need under one roof. Our company has always been at the forefront of property marketing technology, but our biggest strength is the genuinely warm, friendly and professional approach that we offer all of our clients. Conveniently located on Mutley Plain, as one of the leading estate agents in Plymouth, we recognise that our customers share our passion for property.
Directors at the branch are husband and wife team Chris and Merolyn Whitaker. Chris, a former British Army Officer brings 21 years of management experience to the role, with Merolyn, bringing first-hand knowledge of the area having grown-up locally.
We're experienced and qualified letting agents in Plymouth - as members of the Association of Residential Letting Agents (ARLA) we have Client Money Protection insurance in place to ensure your money is safe. In addition we are members of The Property Ombudsman and abide by the Trading Standards Approved Code.
We offer a wide range of properties for sale and to rent not only in Plymouth but also in the surrounding areas of Torpoint, Saltash, Callington, North Plymouth '" Crownhill, Derriford and Woolwell and to the west and south in Plympton, Plymstock, Ivybridge and the South Hams.
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Visit our security centre to find out moreDisclaimer - Property reference 101449009546. 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 Martin & Co, Plymouth. 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.
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