Durnford Street, Plymouth. PL1

HINDHEAD PROPERTY IS DELIGHTED TO PRESENT this turn-key investment opportunity, ideal for seasoned investors or adventurous homeowners seeking to secure a superb property on the prestigious and historic Durnford Street in Stonehouse, Plymouth.

***Rare Investment Opportunity - Freehold Grade II Listed Georgian Townhouse with 3 Apartments and Exceptional Revenue Potential***

This elegant Georgian townhouse, a Grade II listed building (Heritage Category: Listed Building, List Entry Number: 1117098), offers a unique blend of historical charm and modern functionality, making it a standout property in one of Plymouth's most desirable locations.

Property Overview:

-Tenure: Freehold

-Current Layout: 3 separate apartments with a total of 5 bedrooms:

1-bedroom basement apartment (Leasehold)
2-bedroom maisonette spanning the ground and first floors (Leasehold)
2-bedroom duplex apartment on the second and third floors (Leasehold)

Parking: A large rear parking area provides ample space for at least four average-sized cars. Alternatively, this space could be transformed into a stunning garden, adding even more appeal to the property.

All three apartments are modern in style, featuring neutral décor, light-filled spaces, and a well-presented finish. They have recently been modernised throughout to a high standard, ensuring a contemporary and inviting atmosphere.

Revenue Potential:
This property offers remarkable flexibility for both long-term and short-term rental:

Estimated Long-Term Rental Income: £44,400 per annum (£3,700 pcm) when let on ASTs.

Current Short-Term Let Income: The property is currently utilised as Airbnb units, with each apartment generating an estimated annual income of £25,000 on average (as advised by the current owners).

This freehold Grade II listed property is an exceptional choice for those seeking a high-yielding, low-maintenance investment. Whether you're expanding your portfolio or looking for a flexible home with income potential, this Georgian townhouse offers unmatched appeal. 

DURNFORD STREET, located in Stonehouse with the postcode PL1 3QJ, is a vibrant and historically significant area with excellent connectivity to key locations in Plymouth. Situated just 1.5 miles from the bustling Plymouth city center, it provides easy access to a wide range of shops, restaurants, and cultural attractions, making it an ideal location for both work and leisure.

For families, there are several nearby schools, including Stoke Damerel Community College, just 0.7 miles away, and Plymouth High School for Girls, 1.2 miles from the street. These provide great educational options for children of all ages.

The area is also well-connected by public transport, with regular bus services offering swift access to key sites such as Derriford Hospital, which is 4 miles to the north, and Plymouth University, around 1.5 miles away. For nature enthusiasts, the beautiful Plymouth Hoe and the coastline are only 1 mile away, offering stunning views and outdoor activities.

Additionally, Durnford Street holds historical importance, being the former home of Sir Arthur Conan Doyle, author of the famous Sherlock Holmes stories. The Royal Marine Barracks' entrance, which opens out onto Durnford Street, also adds to the area's military heritage, highlighting its significance in Plymouth's history.

Whether for its proximity to education, transport links, or local landmarks, Durnford Street offers a well-rounded and accessible location for residents and visitors alike. 

PLYMOUTH, located on the stunning south coast of Devon, is a city steeped in maritime history and natural beauty. Known for its historic naval past, Plymouth has long been a strategic port and a centre for maritime innovation. Today, it continues to be a vibrant city, combining rich heritage with a forward-thinking outlook towards environmental sustainability and conservation.

A key highlight of Plymouth's future is its ambition to become one of the UK's first protected oceans. This initiative seeks to safeguard the incredible biodiversity of the waters surrounding the city, including the renowned Plymouth Sound, which is home to a variety of marine life, including seals, dolphins, and an array of fish species. The proposed protection will offer vital support to local ecosystems, reducing human impact and promoting sustainable practices in marine conservation.

As part of the National Marine Park, Plymouth is poised to lead the way in marine preservation. This exciting development promises not only to preserve the natural beauty of the area but also to boost Plymouth's status as a centre for marine research, education, and eco-tourism. The protected ocean status will provide opportunities for the city to grow as a hub for cutting-edge environmental technology and marine science, positioning Plymouth as a key player in the global effort to protect our oceans.

With its blend of cultural vibrancy, historic importance, and forward-thinking conservation efforts, Plymouth is embracing a future that celebrates both its maritime roots and its commitment to protecting the planet's most vital ecosystems. 

STAMP DUTY LAND TAX or Land and Buildings Transaction Tax may also apply in some circumstances.
 

VIEIWNGS: We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please call .
 

ESTATE AGENTS ACT 1979 *Under the Estate Agents Act 1979 we must inform you that we are marketing this property on behalf of an employee or relative of an employee of Hindhead Property.