Houndiscombe Road, Plymouth, PL4 6HF

A well-maintained building comprising four stylish and fully let flats, generating £42,911 per annum with a projected yield of 10.7% exclusive of bills. This is an excellent turnkey investment.

Each flat offers modern layouts and neutral décor, with features including bay windows, garden access, and views over Central Park. The communal areas include a secure entrance, individual post-boxes, and a shared laundry room.

Houndiscombe Road is ideally located in the popular Mutley area, just a short walk from Plymouth University, the train station, Mutley Plain, and the city centre. Green spaces like Mutley Park and Central Park are also nearby, offering a peaceful retreat.

Flat 1 is a ground floor studio with a separate kitchen and bathroom. Flat 2 is another ground floor studio with a modern finish and the added benefit of direct access to the communal garden. Flat 3, located on the first floor, is a one-bedroom apartment featuring a bright bay-fronted lounge, kitchenette, and bathroom. Flat 4 is a top-floor one-bedroom flat with a separate living room, kitchen, and bathroom, offering charming views across Central Park.

The rental breakdown is as follows: Flat 1 at £8,750, Flat 2 at £11,161, Flat 3 at £12,000, and Flat 4 at £11,000 all exclusive of bills.

Agent Note:

We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence.

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