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Studio flat for sale

Flat 91, 28 Central Park Avenue, Plymouth, Devon, PL4 6NF

Floorplan 1
1

Key features

  • 5th Floor Front Outer Corner Studio(Tenant: £155 PW INC BILLS))
  • Fitted Kitchen with Appliances
  • Upgrade Furniture - Modern Unique Studio
  • £7750 PA Yeald (2025-2026)
  • Renewing tennat for September 2026- 2027
  • Qualified Leaseholders Status
  • EWS1 Complete -Building Over 18 Meters
  • Purpose Built Student Accommodation
  • Cash Purchase Only
  • EPC: C / Council Tax Band A (council tax included for Students)

Description

Smeaton Homes, Plymouth's Landmark Estate Agents, are delighted to present this superb investment opportunity: a modern 5th floor studio apartment located at 28 Central Park Avenue, Devon. This property is specifically designed as purpose-built student accommodation, offering a hassle-free investment for discerning buyers.

Upon entering the building, residents benefit from secure access and well-maintained communal areas. The studio itself is situated on the fifth floor, providing a sense of privacy and elevated views. The layout is thoughtfully designed to maximise space, featuring a comfortable reception area that seamlessly integrates with the sleeping quarters, creating an efficient and functional living environment for students. The apartment includes a well-appointed bathroom, ensuring all essential amenities are readily available. While modern in its design, the property offers a blank canvas for minor cosmetic updates, allowing a new owner to personalise it further if desired.

One of the most compelling aspects of this property is its robust investment profile. It currently generates an impressive £7,750 per annum yield, with the tenant paying £155 per week, which includes all bills. Furthermore, a tenant has already committed to renewing their tenancy for the academic year 2026-2027, providing immediate and ongoing rental income without any void periods. This makes it a truly 'set and forget' investment for those seeking a reliable return.


Key features of this property include:

* 5th Floor Studio Apartment

* Purpose-built student accommodation

* Upgrade Furniture - Modern Unique Studio

* Cash Purchase Only

* £7,750 PA Yield

* £3963.62 costs - £3786.38 Net Profit

* Renewing tenant for September 2026-2027

* Qualified Leaseholder Status

* EWS1 Complete - Building Over 18 Metres

* EWS1 certificate available for £360.00

* EPC: C rating

* Council Tax Band A (council tax included for students)

The building benefits from an EWS1 certificate, confirming its compliance for buildings over 18 metres, which is a crucial detail for lenders and ensures peace of mind. The communal garden provides a pleasant outdoor space for residents to relax and socialise. This property is offered for sale at Offers In Region Of (OIRO) £46,000.

As Plymouth's trusted local champions, Smeaton Homes understands the local market intricacies and is here to provide expert insight and value. We pride ourselves on our honest approach and commitment to helping clients achieve their investment goals. This studio apartment represents a fantastic opportunity for a cash buyer looking for a high-yielding, low-maintenance investment in a thriving student city. Contact us today for full information and to discuss how this property aligns with your investment strategy. Our friendly and professional team is ready to guide you through every step of the process, offering clear, calm, and confidence-building advice.
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.
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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.
Communal garden
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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Flat 91, 28 Central Park Avenue, Plymouth, Devon, PL4 6NF

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About Smeaton Homes, Plymouth

204 The Office, 28 Central Park Avenue, Plymouth, Devon, PL4 6NE

Why choose us?

Smeaton Homes is a fresh-thinking independent estate agent with a firm focus on its commitment to the local area. From its economy to its occupants, Plymouth is our passion. We offer a range of services from sales to lettings and can tailor our service to suit your needs.

One of only two estate agents in Plymouth to be awarded 'Buy with Confidence' accreditation, you know you can rely on Smeaton Homes. Operated by Trading Standards, this sought-after stamp of approval means you can be sure we run our business in a legal, honest and fair way.

We're experts, we're efficient and above all, we care.

About us

We take the confusion out of buying, selling and letting properties in Plymouth. Our expert advice and friendly approach makes the whole process as easy as it possibly can be. When you work with us, you'll soon see that we put a lot of work into making sure our customers are happy.

What's more, we've been working on creating a fresh new look over the past few months. Our company branding and Mutley Plain offices have received a complete makeover and we're thrilled with the results.

With significant experience behind us and a bright future ahead, enlist the help of Smeaton Homes for a smooth journey whether you're selling, buying or letting.

If you have any questions, we're always happy to talk. Call 01752 222060 or email info@smeatonhomes.co.uk. Or, if you're in the area, drop into our head office on Mutley Plain for a cup of tea and a chat.

Your mortgage

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%
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Years
Current average is 4.5%
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Monthly repayments
£210
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Disclaimer - Property reference SMT_SMT_LFSYCL_979_1178484044. 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 Smeaton Homes, 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.

*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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