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2 & 3, 27 Southside Street, Plymouth, Devon, PL1

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

3

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

  • Entire freehold building in Plymouth’s historic Barbican
  • Three self-contained apartments included in sale
  • Combined standard AST income approx. £31,200 p.a.
  • Strong potential for higher yields as short-term holiday lets
  • Close to shops, restaurants, cafes, and the harbour
  • Optional commercial shop available, marketed separately

Description

A rare opportunity to acquire the entire freehold of a character building in one of Plymouth’s most sought-after waterfront locations, situated on the historic Barbican just moments from the harbour. This vibrant area is well known for its lively atmosphere, with a fantastic selection of independent shops, restaurants, cafés and bars all within easy walking distance.

The property comprises three self-contained apartments, making it an ideal purchase for investors seeking multiple income streams within a single acquisition.

Flats 1 and 2 are both one-bedroom apartments, presented in relatively good order and well suited to the rental market. Each would be expected to achieve in the region of £800 per calendar month on an AST, providing a solid and reliable income. Given the property’s prime Barbican location, there is also strong potential for these flats to be utilised as short-term holiday lets or Airbnb accommodation, which could generate a stronger yield for investors looking to take advantage of the thriving tourist market.

Flat 3, located on the top floor, is a larger and particularly impressive apartment compared with the others in the building. This property benefits from its own private roof terrace, offering excellent views across the surrounding Barbican area. Due to its size and standout features, this apartment would likely achieve around £1,000 per calendar month on a long-term let, with further potential for higher returns if operated as a holiday let.

Based on standard AST rentals, the combined potential income would be approximately £31,200 per annum. However, given the strength of the Barbican’s holiday accommodation market, the potential income could be significantly higher if the apartments were operated as fully managed holiday lets.

Overall, this represents a fantastic investment opportunity, offering three residential units within a single freehold purchase in a highly desirable waterfront setting.

There is also the opportunity to acquire the commercial shop located within the building, which will be marketed separately at a higher price. This provides buyers with the option to secure both the residential and commercial elements within this prominent Barbican property.

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.
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GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Level access

Energy performance certificate - ask agent

2 & 3, 27 Southside Street, Plymouth, Devon, PL1

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About Pilkington Estates, Stoke

Harscombe House 1Darklake View, Plymouth, PL6 7TL

Buying and selling property is both an art and a science. In the 21st century, the world of estate agency has blossomed in the digital environment, leaving many traditional firms left standing, eyeing the technology with confusion and suspicion rather than embracing it. The team at Pilkington Estates are digital natives, embracing everything the modern world has to offer to help present your home in the best possible light, and using technology to get the right message to the right buyer at the right time.

This contemporary, no nonsense approach is balanced by a sensitivity and empathy towards their customers, both buyers and sellers, that allows us to offer a truly one to one bespoke service.

We understand that every customer is different, and each client has different needs and requirements, so will customise any modern method of selling to suit individual requirements.

Whether you are an old hand with multiple sales under your belt, or whether you are selling a much loved family home for the first time, Pilkington Estates are careful to hand hold you through the process as much or as little as you need.

We can help keep your house hunting enthusiasm burning with intelligent recommendations or can take the strain of the entire relocation process by doing all the running around that you are too busy to do.

We sit comfortably in this fast-paced world, understanding your need for urgency. We bring an energy and confidence to the whole buying and selling process that will get the job done without the drama.

This is not an agency that likes to sit around waiting for the phone to ring!

Affordability

Monthly repayments£1,597
Property: £ 350,000
Deposit: £ 35,000
Interest rate: 4.5%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference PLK_STH_LFSYCL_1072_1234491014. 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 Pilkington Estates, Stoke. 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.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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