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3 bed terraced house
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Our Summary
- Currently generating £1,400 pcm with potential to achieve £2,100 pcm
- Situated on Wyndham Street West, just a short distance from Plymouth City Centre, this substantial terraced property presents an excellent investment opportunity in a well-established rental location
- Once Flat 4 has been let, the expected rental income will increase to around £2,100 per calendar month (£25,200 per annum), offering a potential gross yield of approximately 10
- Offering an immediate income with excellent scope to enhance returns, this is an outstanding opportunity to acquire a multi-unit investment property in a sought-after location close to Plymouth City Centre, where demand for quality rental accommodation remains consistently high
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Description
The property is a substantial terraced house on Wyndham Street West, featuring three self-contained one-bedroom flats. Each flat has an open-plan living and kitchen area, a double bedroom, and a bathroom, and retains characterful period features. Externally, the property has a private rear courtyard.
The property currently generates £1,400 per month, but once fully let, the expected rental income will be around £2,100 per month, with a gross yield of approximately 10.08% based on the asking price of £250,000.