Mutley Plain, Plymouth, Devon PL4
- SIZE
Ask agent
- TENUREDescribes 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
The building is arranged as 5 self contained flats proving 26 en-suite bedrooms and 4 studio flats. A schedule of accommodation along with the rents per room are shown in the attached brochure. The gross rental income is £233,371 per annum.
The property is finished to a premium specification, including full double beds, luxury en-suite bathrooms, 50" HDTVs, and high-speed fibre internet throughout. Operational features such as secure fob access, CCTV, on-site laundry, and secure bike storage further enhance the asset’s appeal.
The accommodation has a 12 year track record of 100% occupancy and a strong reputation for tenant satisfaction, with reviews consistently highlighting the quality of the living environment, responsive management, and well-maintained facilities.
The property is currently let on assured shorthold tenancies for 50-week periods.
Further details including a sample AST, plans, historic capital expenditure, a breakdown of operational expenditure, historic rents, pictures and other documents are available within the data pack which can be made available upon request.
Offers of £2,000,000 invited. Reflecting an attractive Net Initial Yield of 9.32%. (assuming 6.28% purchasers costs).
Plymouth is a major coastal city with 265,000 residents and a strong student population of 23,000, known for its maritime heritage and position between Dartmoor National Park and the South Devon coastline. The city benefits from excellent connectivity, located 35 miles from Exeter and offering direct rail links to Exeter, Bristol and London Paddington in under one, two and three hours respectively, with easy access via the A38 and M5.
The Student Clubhouse is prominently situated on Mutley Plain, Plymouth’s most established student area. Its position on the high street places residents within immediate reach of a wide range of amenities including supermarkets, cafés, bars and takeaway options, creating an exceptionally convenient environment for student living.
The University of Plymouth is just a short 9-minute walk from the property, making it an ideal location for students. Plymouth city centre is also easily accessible, taking around 21 minutes on foot or as little as 5–11 minutes by bus, with services running frequently along Mutley Plain.
Brochures
More 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.
- Ask agent
- 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.
- Ask agent
- 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
Energy performance certificate - ask agent
Mutley Plain, Plymouth, Devon PL4
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference BLD012604419. 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 Knight Frank - New Homes, Bristol. 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.
Map data ©OpenStreetMap contributors.