Studio flat for sale

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Studio flat for sale

The Court House, 3 Longfield Place, Plymouth, PL4 7BS
£40,000

Our Summary

  • Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property – cash buyers only need apply

Description

This stunning studio apartment is located in The Court House, a beautifully redeveloped Grade II listed building in Plymouth. The property is fully furnished to an exceptional standard and features a kitchenette and private en-suite bathroom. Currently tenanted until the end of the 2026 academic year, it offers immediate income and yields above 9% net of all fees. The apartment is situated in a desirable location, just a 10-minute walk from the University of Plymouth and with excellent retail and nightlife options nearby. Plymouth is a thriving university city with a significant number of international students, making it an attractive investment opportunity. The property is only available to cash buyers and is not eligible for a mortgage, with a gross yield of 16.68% and a net yield of 9.26%.