6 Bedrooms / 3 Bathrooms / 1 Reception
Buyers Choice Plymouth are delighted to present this fantastic investment opportunity!
This wonderful ground floor apartment consists of 5 large double bedrooms, 1 large en-suite bedroom, 2 communal shower rooms, utility, and kitchen/lounge area. This property also comes with two spaces to the rear of the property. This property is currently occupied by students, and has a group secured for the next academic year, at a gross total rental of £27,000 per annum.
The figures :
Purchase Price - £250,000.00
Annual Rental Income - £27,000
Forecasted expenditure (inc commission, utility allowance, yearly maintenance and summer works) - £8535
Projected gross yield at 250k = 10.8%
Projected net yield at 250k = 7.4%
The flat is on a leasehold of 118 years, but with the lease also comes a 1/3 ownership of the building freehold.
The measurements :
Entrance Hall -
Kitchen/Dining/Living Room – 5.44m x 2.78m
Utility Area - 2.06m x 3.04m
En-suite Bedroom 3 -3.00m x 4.40m
En-suite - 2.05m x 2.95m
Bedroom 2 - 2.06m x 5.46m
Shower room – 1.45m x 3.85m
Bedroom 4 - 4.19m x 3.69m
Bedroom 1 - 6.15m x 2.36m
Shower Room - 1.24m x 2.05m
Bedroom 5 - 2.34m x 5.62m
Bedroom 6 - 2.02m x 7.07m
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.