2 bedroom apartment for sale

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2 bedroom apartment for sale

Cheriton Close, Plymouth PL5
£74,000

Our Summary

  • Furthermore, there exists ample potential to increase the monthly rent to approximately £700, elevating the yield to a remarkable 12%
  • Don't miss out on this fantastic investment opportunity

Description

This charming 2-bedroom apartment in Plymouth's West Park neighborhood is available for purchase at a guide price of £70,000 to £80,000. The apartment boasts a cozy lounge and dining area, well-appointed kitchen, family-sized bathroom, and two spacious double bedrooms. Modern amenities include efficient gas central heating and double-glazed windows, while the property's far-reaching views add to its appeal. Currently leased under an assured shorthold tenancy, the apartment generates a monthly rental income of £580, resulting in an impressive gross yield of nearly 10%. With potential to increase the monthly rent to approximately £700, the yield could be elevated to a remarkable 12%. This is an excellent investment opportunity for those looking to expand their rental portfolio in a desirable location.
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