4 bed terraced house for sale

Stoke, Plymouth, Devon PL1

Freehold Investment Opportunity: Three Self-Contained Apartments With £28,000+ Income Potential

Substantial Freehold Residential Investment Opportunity – Potential Gross Income Circa £28,000 Per Annum

An excellent opportunity to acquire a substantial freehold residential investment comprising three self-contained apartments in a highly desirable and well-established residential location.

The property is arranged as three individual units and is offered with the benefit of the freehold interest. The building is currently held across two separate titles, providing potential flexibility for future asset management or disposal strategies.

The lower ground floor apartment benefits from its own private entrance and access to an attractive rear garden. Subject to the necessary consents, there is potential to reconfigure this outdoor space to create off-street parking, in line with neighbouring properties, which may further enhance rental demand and income potential.

The accommodation is currently configured as:

• Lower Ground Floor: Self-contained apartment with private access.
• First Floor: Self-contained studio apartment.
• Upper Floors: Spacious two-bedroom maisonette arranged over two levels.

The property occupies a prime position within easy walking distance of Victoria Park and offers convenient access to Plymouth City Centre, Plymouth University, and a range of local amenities, ensuring continued appeal to professional tenants and the wider rental market.

The building has historically attracted long-term professional occupiers. All current tenants have been served notice, and the property is expected to be sold with vacant possession, allowing an incoming purchaser the flexibility to set market rents, undertake improvements, or implement their preferred investment strategy.

Based on current market conditions, the property offers a potential gross annual rental income of approximately £28,000, with scope for further enhancement through active management and the potential creation of off-street parking.