Studio for sale

Smeaton Homes, Plymouth's Landmark Estate Agents, are delighted to present this superb investment opportunity: a modern 5th floor studio apartment located at 28 Central Park Avenue, Devon. This property is specifically designed as purpose-built student accommodation, offering a hassle-free investment for discerning buyers.

Upon entering the building, residents benefit from secure access and well-maintained communal areas. The studio itself is situated on the fifth floor, providing a sense of privacy and elevated views. The layout is thoughtfully designed to maximise space, featuring a comfortable reception area that seamlessly integrates with the sleeping quarters, creating an efficient and functional living environment for students. The apartment includes a well-appointed bathroom, ensuring all essential amenities are readily available. While modern in its design, the property offers a blank canvas for minor cosmetic updates, allowing a new owner to personalise it further if desired.

One of the most compelling aspects of this property is its robust investment profile. It currently generates an impressive £7,750 per annum yield, with the tenant paying £155 per week, which includes all bills. Furthermore, a tenant has already committed to renewing their tenancy for the academic year 2026-2027, providing immediate and ongoing rental income without any void periods. This makes it a truly 'set and forget' investment for those seeking a reliable return.

Key features of this property include:

* 5th Floor Studio Apartment

* Purpose-built student accommodation

* Upgrade Furniture - Modern Unique Studio

* Cash Purchase Only

* £7,750 PA Yield

* £3963.62 costs - £3786.38 Net Profit

* Renewing tenant for September 2026-2027

* Qualified Leaseholder Status

* EWS1 Complete - Building Over 18 Metres

* EWS1 certificate available for £360.00

* EPC: C rating

* Council Tax Band A (council tax included for students)

The building benefits from an EWS1 certificate, confirming its compliance for buildings over 18 metres, which is a crucial detail for lenders and ensures peace of mind. The communal garden provides a pleasant outdoor space for residents to relax and socialise. This property is offered for sale at Offers In Region Of (OIRO) £46,000.

As Plymouth's trusted local champions, Smeaton Homes understands the local market intricacies and is here to provide expert insight and value. We pride ourselves on our honest approach and commitment to helping clients achieve their investment goals. This studio apartment represents a fantastic opportunity for a cash buyer looking for a high-yielding, low-maintenance investment in a thriving student city. Contact us today for full information and to discuss how this property aligns with your investment strategy. Our friendly and professional team is ready to guide you through every step of the process, offering clear, calm, and confidence-building advice.