Plymouth, Devon PL1

Property Details: - Type: Terraced house - Bedrooms: 3 - Bathrooms: 3

Agent: Pilkington Estates - Stoke Phone: 01752 942199

<p>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. With convenient access to the city centre, the University of Plymouth, major employers, transport links and a wealth of local amenities, the property is ideally positioned to attract strong and consistent tenant demand.</p><p><br/></p><p>The property comprises three self-contained one-bedroom flats, each offering an open-plan living and kitchen area, a double bedroom and a bathroom. Retaining an abundance of characterful features throughout, the property combines period charm with practical accommodation that continues to appeal to a wide range of tenants.</p><p><br/></p><p>Externally, the property benefits from a private rear courtyard, providing a useful outdoor space for residents.</p><p><br/></p><p>The property currently generates approximately <strong>£1,400 per calendar month (£16,800 per annum)</strong>, equating to a <strong>gross yield of approximately 6.72%</strong> based on the asking price of <strong>£250,000</strong>. Once Flat 4 has been let, the expected rental income will increase to around <strong>£2,100 per calendar month (£25,200 per annum)</strong>, offering a <strong>potential gross yield of approximately 10.08%</strong>.</p><p><br/></p><p>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.</p><p><br/></p>