6-bedroom terraced house · PL4 6AQ
Listing removedListed 259 days
Opportunity summary
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About
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.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About North Road East, Plymouth. Turnkey investment 4 self-contained flats, prime central location producing approx £33,250pa
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