Fantastic Investment Opportunity offering a potential yield in the region of 9.3%.
Agent note – The property is managed by Plymouth Community Homes and is due a full refurbishment externally. The owner has advertised the property at a reduced asking price to factor in these works.
This one bedroom flat is presented to a good standard and has the benefit of a tenant in situ on an assured short-hold tenancy agreement. The accommodation briefly comprises of lounge/dining room, modern fitted kitchen, bathroom with white suite and double bedroom. Other benefits include well maintained communal gardens (maintenance company Plymouth Community Homes), double glazing and gas central heating.
Whitleigh is an area of predominantly council housing that provides good value accommodation within the Plymouth area. The area is popular with people working at the hospital due to the short commute, whilst others find its ease of access to the A38 a handy proposition. It has its own shopping area called Whitleigh Green, whilst the popular Crownhill shopping village is in close proximity.
The property would make a fantastic first time buy, however it is also a great proposition for any investor wanting an on-going concern. The property is let on an assured shorthold tenancy and offers a potential yield in the region of 9.3%.
We understand the length of lease is in the region of 94 years however Halford and Homes are still awaiting documentation to confirm this to be correct.
Please contact Halford and Homes for any further information or to arrange a viewing on .
Lounge/Dining Room (15' 8'' x 9' 3'' (4.77m x 2.82m))
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.