Studio flat for sale

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Studio flat for sale

The Court House, 104 Greenbank Road, Plymouth PL4
£41,500

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
  • Located in a beautifully redeveloped Grade II listed building, residents of The Court House benefit from boutique-style facilities, including a gymnasium and a common room, which allows students to socialise freely with each other and instils a sense of community within the development

Description

This is a high-yielding, hands-off investment opportunity in a beautifully redeveloped Grade II listed building in Plymouth. The property is a fully furnished studio apartment with a kitchenette and en-suite bathroom, located in a boutique-style development with facilities including a gym and common room. The apartment is within walking distance to the city centre and University of Plymouth, and benefits from a high demand from students, with over 30,000 students living in the area. The property generates a gross yield of 14.96% and a net yield of 7.42%, making it an attractive investment opportunity for cash buyers. The location offers a range of amenities, including retail and nightlife experiences, as well as access to green spaces and local attractions.