3 bed terraced house for sale

Plymouth, Devon PL1

Prime Plymouth Investment – Three Flats With 10.08% Potential Gross Yield

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.

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.

Externally, the property benefits from a private rear courtyard, providing a useful outdoor space for residents.

The property currently generates approximately £1,400 per calendar month (£16,800 per annum), equating to a gross yield of approximately 6.72% based on the asking price of £250,000 Once Flat 4 has been let, the expected rental income will increase to around £2,100 per calendar month (£25,200 per annum), offering a potential gross yield of approximately 10.08%

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.