2 bed terraced house for sale

Collingwood Avenue, Plymouth PL4

Description

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.

Tenure: Freehold

Auction Date: Wed 29/07/2026

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 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.

Energy Efficiency Rating (EPC): Current Rating E54

Local Authority: Plymouth City Council

Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees:

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Council Tax Band: A
Tenure: Freehold