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Offers over
£260,000

4 bedroom end of terrace house for sale

Plymouth, Devon PL2
Added today
End of terrace house
4 beds
2 baths
Added today

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Two modern two-double-bedroom apartments
  • Both apartments converted within the last 18 months
  • Each apartment achieving £975 pcm
  • Ground-floor commercial unit to the front
  • Commercial unit potential income circa £500 pcm
  • Planning approved for one-bedroom maisonette conversion
  • Short walk to Babcock International
  • Freehold mixed-use investment opportunity

An excellent mixed-use investment opportunity comprising two modern double-bedroom apartments and a vacant ground-floor commercial unit, offered as a single freehold purchase and generating a strong gross yield of approximately 11.31% at the asking price.


The residential element consists of two well-proportioned two-double-bedroom apartments, both converted within the last 18 months to a good standard. Each apartment is currently let and achieving £975 per calendar month, providing a combined residential income of £23,400 per annum. The apartments are located just a short walk from Babcock International, making them particularly attractive to professional tenants.


To the front of the building is a vacant commercial unit, offering further income potential. As a commercial letting, this unit is expected to achieve approximately £500 per calendar month (£6,000 per annum). Additionally, the unit benefits from approved planning permission for conversion to a one-bedroom maisonette, offering future development or value-add potential (subject to implementation).


Income Breakdown:


Apartment One: £975 pcm (£11,700 pa)


Apartment Two: £975 pcm (£11,700 pa)


Commercial unit: £500 pcm (£6,000 pa)


Total annual income: £29,400


Asking price: £260,000


Gross yield: 11.31%


This is a high-yielding, low-maintenance investment with modern accommodation, multiple income streams, and further upside potential through redevelopment, making it an ideal addition to an investor’s portfolio.


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About this agent

Pilkington Estates - Stoke
Pilkington Estates - Stoke
161 Molesworth Road Plymouth PL3 4AJ
01752 942199
Full profileProperty listings
We are property experts and communicate fast using text messages, Facebook, email, phone and of course, face-to-face conversations. Once you have registered with us, we will be in touch to tell you about what’s new on the market, and this will often be ahead of properties appearing online, giving you the edge over other potential buyers to view the best properties first. We can even offer you a home finding service using our network of contacts and local knowledge  and this is often before a property has been openly offered for sale. Give yourself an advantage and contact Pilkington Estates today.
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