Chedworth Street, Greenbank Plymouth, Devon, PL4 8NT
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- 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
Key features
- £155,000–£160,000
- Tenants expressing an interest to remain until 2027
- £14,040 per annum income
- Approx. £1,170pcm
- Approx. 8.78%–9.06% gross
- Income-producing investment opportunity
Description
Guide Price £155,000–£160,000
An opportunity to acquire a two-bedroom freehold investment property currently let to students who have expressed an interest in remaining at the property until completing their studies in 2027 providing immediate rental income and ongoing stability for an investor.
Based on the current asking price range of £155,000 to £160,000, the property is currently generating approximately £14,040 per annum from two occupied rooms, producing £130pw and £140pw respectively. This equates to £1,170pcm and delivers a gross yield of approx. 8.78% to 9.06%.
Chedworth Street offers a straightforward, income-producing investment with tenants already in place, making it ideal for both experienced landlords looking to expand a portfolio and buyers seeking a ready-made investment from day one.
There is also future flexibility for the property to operate as a standard residential let if desired, although the current room-by-room student setup is where the stronger return is currently achieved.
Key Information
- 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.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
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- 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
Chedworth Street, Greenbank Plymouth, Devon, PL4 8NT
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Visit our security centre to find out moreDisclaimer - Property reference S1719995. 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 Francis Stuart, 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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