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6 bedroom terraced house for sale

North Road East, Plymouth. Turnkey investment 4 self-contained flats, prime central location producing approx £33,250pa

PROPERTY TYPE

Terraced

BEDROOMS

6

BATHROOMS

4

SIZE

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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

Key features

  • Turnkey investment 4 self-contained flats, prime central location producing approx £33,250pa
  • 2 x 2 bedroomed flats
  • 2 x 1 bedromed flats
  • Gas central heating
  • Two parking spaces to rear
  • 2361 Sq ft
  • Freehold
  • Individually rated C

Description

Located in this incredibly central and highly convenient position is this outstanding investment opportunity – a substantial and impressive period property arranged as four self-contained flats over four floors.The property makes a striking first impression with its strong and attractive façade, which continues internally with an excellent standard of presentation and an evident attention to detail, particularly in relation to current letting and compliance requirements. The building benefits from an up-to-date Fire Risk Assessment, a serviced communal fire alarm system, and full electrical certification with valid EICR passes for all flats. Each flat has its own separate meters and utilities, individual council tax banding, and current EPC ratings of 'C'.The accommodation comprises two one-bedroom flats and two two-bedroom flats, with the current rental income as follows:Ground floor: 2-bedroom flat – £735 pcmFirst floor: 2-bedroom flat – £725 pcmSecond floor: 1-bedroom flat – £675 pcmThird floor: 1-bedroom flat – £635 pcmThis produces a total annual income of £33,250 per annum, with all tenants paying their own utilities and bills.What is particularly impressive is the good quality throughout the individual flats. Each has fitted kitchens and modern bathrooms, along with well-maintained decoration. All flats benefit from gas central heating and uPVC double glazing. The communal areas are also clean, fresh and well presented, reflecting both a well-managed building and reliable long-term tenants. There is also a separate landlord's electrical supply located in the ground floor hallway.Externally, the property is set back from the road within a quiet cul-de-sac, with a small front garden and a particularly attractive open outlook over green space with mature trees, giving a rare sense of space and privacy for such a central location. Outside to the rear is an enclosed courtyard which leads through to parking area for two cars. Plymouth City Centre is within a short walk, and Plymouth Railway Station is close by, making this an exceptionally well-positioned investment with strong ongoing demand. A turnkey opportunity offering immediate income, excellent compliance standards and long-term capital potential.

Brochures

Full Details
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.
Yes
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.
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North Road East, Plymouth. Turnkey investment 4 self-contained flats, prime central location producing approx £33,250pa

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About Falcon Properties, Plymouth

8 Mannamead Road, Plymouth, PL4 7AA
Industry affiliations:

Falcon Properties is one of Plymouths leading independent estate agents and was established in 1990 by partners' John Coulton and David Vernon.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£1,711
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 12542117. 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 Falcon Properties, 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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