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Stuart Road, Stoke, Plymouth. Turnkey investment 4 self-contained flats, prime central location, approx £33,330pa

PROPERTY TYPE

Terraced

BEDROOMS

4

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 £33,330pa
  • Each flat has a separate living room
  • Each flat has one double bedroom
  • Gas central heating
  • On street parking
  • 2248 sq ft approx.
  • All flats are council tax band A
  • Freehold

Description

Guide price £350,000 - £375,000. 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 three floors. The property makes a striking first impression with its strong and attractive façade, which continues internally with a good standard of presentation and an evident attention to detail, particularly in relation to current letting and compliance requirements. The building benefits from a 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 EPC ratings. The accommodation comprises four one-bedroom flats, with the current rental income as follows: Ground floor: 1-bedroom flat – £700 pcm; Ground & First Floor 1 bedroomed tenament flat - £750 pcm; First floor: 1-bedroom flat – £650 pcm Second floor: 1-bedroom flat – £675 pcm This produces a total annual income of £33,330 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 tenants. Externally, the property has 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. 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.
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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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Energy performance certificate - ask agent

Stuart Road, Stoke, Plymouth. Turnkey investment 4 self-contained flats, prime central location, approx £33,330pa

Approximate location

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Affordability

Monthly repayments£1,756
Property: £ 350,000
Deposit: £ 35,000
Interest rate: 5.33%
Term: 30 years
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Renovation potential
Recently sold & under offer
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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.

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Disclaimer - Property reference 12907014. 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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