2 Bedrooms / 1 Bathrooms / 2 Reception
Buyers Choice Plymouth are delighted to present this great investment opportunity, to obtain a well presented 2 bed apartment in the popular student location of Mutley Plain, which also benefits from an off road parking space and a one third share of the Freehold.
This brilliant ground floor apartment comprises of 2 extremely spacious bedrooms, large open plan kitchen / living / dining room, exceptional bathroom as well as a 2nd w/c.
The property boasts a well sized rear courtyard and garden, which is shared with the other 2 apartments in the building.
It is presented in a modern and tasteful style throughout, and therefore not requiring any further investment.
Being priced just under the stamp duty level, we suspect this one will go quickly.
Purchase Price - £124,995.00
Annual Rental Income - £11,750
Forecasted expenditure (inc commission, utility allowance, yearly maintenance and summer works) - £3850
Projected gross yield at £124,995 = 9.5%
Projected net yield at £124,995 = 6.3%
The flat is on a leasehold of 960 years, but with the lease also comes a 1/3 ownership of the building's freehold.
Bedroom 1 – 6.1m x 3.9m
Bedroom 2 – 5.0m x 4.0m
Living / Dinning room – 3.9m x 3.7m
Kitchen – 2.5m x 2.2m
Bathroom – 2.6m x 1.4m
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Prospective tenants must rely on their own inspection of the property. Digital images cannot be guaranteed as they intend to give a fair rendering of the property and are subject to change in the development process.