Radnor Place, Plymouth, PL4 8DW

Francis Stuart are pleased to bring to the market this substantial freehold period property arranged as four self-contained one-bedroom flats, extending to approximately 2,278 sq ft across four floors.

This is a strong multi-unit investment opportunity for a landlord looking for four separate rental incomes under one roof, without the shared-living setup of an HMO.

The accommodation comprises one flat on each level, with the first-floor flat also benefiting from a roof terrace. The building is fully electric with no gas supply.

Generous Flat Sizes One of the important strengths of Radnor Place is the size of the individual flats.

These are not small studio-style conversions; each unit provides proper one-bedroom accommodation with good living space.

Lower Ground Flat – 41 m² / 441 sq ft Ground Floor Flat – 44 m² / 474 sq ft First Floor Flat – approx. 50 m² / 538 sq ft Second Floor Flat – approx.

50 m² / 538 sq ft For investors, the size of each unit is worth noting.

Smaller or unusually compact flats can sometimes restrict lender choice, whereas these are well-proportioned one-bedroom flats with sensible internal space.

Rental Income The current/potential rents are: Flat 1 – £675 pcm Flat 2 – £700 pcm Flat 3 – £700 pcm Top Floor – potential £795 pcm Using £795 pcm for the top-floor flat gives a combined projected rental income of: £2,870 pcm / £34,440 per annum At the guide price of £350,000, this represents a projected gross yield of approximately 9.8%.

There is also further rental growth available. Based on current market levels, we would expect rents across the building to move towards approximately £750–£795 pcm per flat over time.

If all four flats were eventually achieving £795 pcm, the combined income would increase to: £3,180 pcm / £38,160 per annum That would represent approximately 10.9% gross yield against a £350,000 purchase price.

Importantly, we are not relying on inflated future rents to make the investment stack up. The existing income is already strong, with further room for growth for the next landlord.

Established Tenant History The current landlord has had a long-standing relationship with tenants across various properties for more than 20 years, giving the investment an established rental history.

For the next landlord, there is income already in place with scope to review rents gradually over time. Heating & EPCs The building is fully electric with no gas supply.

Two EPCs have currently been supplied: Basement Flat – EPC D, valid until September 2036. Ground Floor Flat – EPC E, valid until September 2032.

Both certificates confirm electric heating and electric immersion hot water. Remaining two EPCs – requested / to follow. EICR – requested / to follow.

Investment Summary Four self-contained one-bedroom flats Approx. 2,278 sq ft overall Individual flats approx. 441 sq ft to 538 sq ft Projected income £34,440 PA Approx.

9.8% gross yield at £350,000 Potential income £38,160 PA Potential gross yield approx.

10.9% Further rental growth available Established tenant history Fully electric – no gas First-floor roof terrace EICR requested / to follow Two remaining EPCs requested / to follow Guide Price: £350,000 - £375,000