Guide price
£100,000
2 bed block of flats for sale15 Collingwood Avenue, Plymouth, Devon PL4
2 beds
Just added
Auction
About this property
For sale by auction on Wednesday, 29 Jul 2026 at 11:00
Venue: Live Stream
Investment Opportunity
A freehold mid-terraced property comprising two self-contained one-bedroom flats, conveniently situated in a central location within Plymouth.
The ground floor flat is currently let, producing an income of £472.50 per calendar month. The accommodation requires refurbishment throughout and comprises a living room, kitchen/breakfast room, one double bedroom, and a bathroom. Externally, the flat benefits from an enclosed courtyard garden.
The first-floor flat is currently vacant and has been modernised throughout. The accommodation comprises a living room/dining room, one double bedroom, a modern fitted kitchen, bathroom, and entrance hallway.
The property offers an attractive investment opportunity with an established income from the ground floor flat and scope to generate additional rental income from the vacant first-floor flat.
Auctioneers note
A local letting agent has advised that the vacant first-floor flat could achieve a rental income of approximately £750 per calendar month. Based on the current rental income from the ground floor flat of £472.50 per calendar month, the combined gross rental income would be approximately £14,670 per annum.
Based on the current guide price, this would equate to an estimated gross yield of approximately 14%, making the property an attractive investment opportunity with both immediate income and further income potential from the vacant first-floor flat.
Accommodation
Ground floor flat
Living Room
Double Bedroom
Kitchen/Breakfast Room
Bathroom
W.C
First floor flat
Hallway
Living Room/Dining Room
Double Bedroom
Modern Fitted Kitchen
Bathroom
full details
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
Viewings
Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on to request a viewing.
Notice to bidder
Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
EPC Rating: E54
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream
Investment Opportunity
A freehold mid-terraced property comprising two self-contained one-bedroom flats, conveniently situated in a central location within Plymouth.
The ground floor flat is currently let, producing an income of £472.50 per calendar month. The accommodation requires refurbishment throughout and comprises a living room, kitchen/breakfast room, one double bedroom, and a bathroom. Externally, the flat benefits from an enclosed courtyard garden.
The first-floor flat is currently vacant and has been modernised throughout. The accommodation comprises a living room/dining room, one double bedroom, a modern fitted kitchen, bathroom, and entrance hallway.
The property offers an attractive investment opportunity with an established income from the ground floor flat and scope to generate additional rental income from the vacant first-floor flat.
Auctioneers note
A local letting agent has advised that the vacant first-floor flat could achieve a rental income of approximately £750 per calendar month. Based on the current rental income from the ground floor flat of £472.50 per calendar month, the combined gross rental income would be approximately £14,670 per annum.
Based on the current guide price, this would equate to an estimated gross yield of approximately 14%, making the property an attractive investment opportunity with both immediate income and further income potential from the vacant first-floor flat.
Accommodation
Ground floor flat
Living Room
Double Bedroom
Kitchen/Breakfast Room
Bathroom
W.C
First floor flat
Hallway
Living Room/Dining Room
Double Bedroom
Modern Fitted Kitchen
Bathroom
full details
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
Viewings
Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on to request a viewing.
Notice to bidder
Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
EPC Rating: E54
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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Monthly repayment
£500 per month
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