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SOLD STC

Garden Crescent PL1

PROPERTY TYPE

Block of Apartments

BEDROOMS

10

BATHROOMS

7

SIZE

3,157 sq ft

293 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Description

A rare and compelling opportunity to acquire a well-maintained, income-producing investment in one of Plymouth's most sought-after locations, West Hoe. This substantial building is arranged over four floors, comprising seven independent flats, a mix of one and two-bedroom apartments, all immaculately presented and ready to generate a reliable income stream.

Each flat benefits from its own kitchen and bathroom, providing complete independent living, and is fully compliant with all regulatory requirements, including fire risk assessments, gas safety checks, EICRs, and individual EPC ratings. Each property also has its own meters and council tax band, ensuring clear separation of utilities and ease of management. One flat even boasts a superb roof terrace, offering stunning panoramic views, perfect for tenants seeking desirable, lifestyle-enhancing accommodation.

The building is currently fully let, producing a gross annual income of £50,220, with a strong potential for rent reviews, currently delivering a 7.7% yield based on market value - a truly standout return in today's investment market.

West Hoe itself is an exceptionally desirable location, highly regarded by tenants. The property is within walking distance of the tennis courts, waterfront, and the picturesque Hoe promenade, offering access to leisure, green spaces, and commanding sea views. The Barbican, city centre, and all local amenities are easily accessible, making this a highly attractive area for tenants and a low-risk investment for landlords.

As an investment, this property stands out as one of the strongest opportunities currently available in Plymouth, combining strong, established income, professional management potential, and an enviable location in a dominant rental market.

Opportunities of this calibre are rare - for further information, to discuss the potential yields, or to arrange a viewing, please contact the agent today.

Council Tax Band: A (Plymouth City Council)
Tenure: Freehold

Apartment

Apartment 1

One-bedroom flat, generating £500 per calendar month. EPC rating C. Approximate area 373 sq ft.

Apartment

Apartment 2

One-bedroom flat, generating £590 per calendar month. Approximate area 333 sq ft.

Apartment

Apartment 3

One-bedroom flat, generating £625 per calendar month. Approximate area 299 sq ft.

Apartment

Apartment 4

Two-bedroom flat, generating £575 per calendar month. Approximate area 444 sq ft.

Apartment

Apartment 5

One-bedroom flat, generating £625 per calendar month. Approximate area 299 sq ft.

Apartment

Apartment 6

Two-bedroom flat, generating £600 per calendar month. Approximate area 423 sq ft.

Apartment

Apartment 7

Two-bedroom duplex-style flat, generating £670 per calendar month. Approximate area 533 sq ft. Includes access to a private roof terrace.

Brochures

Brochure
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.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Terrace
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

Garden Crescent PL1

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About Dennett Estates Ltd, Covering Plymouth & Surrounding Area

Covering Plymouth & Surrounding Area

Dennett Estates is a personalised, family-run estate agency that prides itself on providing professional and first-hand service to all clients.

Our approachable team is passionate about helping individuals and families find their dream home or investment property, and we strive to offer full transparency throughout the buying or selling process.

With years of experience in assisting first-time buyers, home movers, and investors, as well as handling unique sales through our modern method of auction, you can trust Dennett Estates to guide you every step of the way.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£2,965
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference RS2886. 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 Dennett Estates Ltd, Covering Plymouth & Surrounding Area. 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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