3 Bedrooms / 1 Bathrooms / 2 Reception
Buyers Choice Plymouth are delighted to present this fantastic investment opportunity!
This wonderful first floor apartment contains 2 large double bedrooms, 1 medium bedroom, a modern shower room, new kitchen and spacious living 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 £14,350 per annum.
The figures :
Purchase Price - £150,000.00
Annual Rental Income - £14,350
Forecasted expenditure (inc commission, utility allowance, yearly maintenance and summer works) - £4456
Projected gross yield at 150k = 9.5%
Projected net yield at 150k = 6.6%
The measurements :
Entrance Hall -
Kitchen – 4.18m x 2.28m
Lounge - 5.04m x 4.5m
Bathroom - 1.69m x 2.26m
Bedroom 1 - 2.6m x 3.56m
Bedroom 2 - 2.43m x 2.77m
Bedroom 3 - 2.33m x 3.7m
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.