4 bed terraced house for sale

Station Road, Keyham, Plymouth PL2

An excellent opportunity to acquire a vacant investment property located on Station Road in the popular residential area of Keyham. The building is divided into two self-contained apartments, offering a combined potential rental income of £20,400 per annum and an estimated yield of 10.2%, making it ideal for landlords or investors looking to expand their portfolio. The property also offers flexibility, with the option to be converted back into a spacious family home

Location - Plymouth has a vibrant city culture but is also in close proximity to some of the most beautiful countryside and coastline that Devon and Cornwall both have to offer. The city is easily accessible from the A38 with excellent transport links including National Rail Lines, Cross Channel Ferries directly from Plymouth and Exeter Airport just 50 minutes drive away. Britain's Ocean City really does live up to its branding; renowned for its marine facilities, The National Marine Aquarium, The Barbican, International Ferry Port, Dockyard and some of the finest sailing waters in the country. Other facilities include Plymouth University, The Plymouth College of Art & Design, Theatre Royal, Life Centre and the newly opened Box Museum/Gallery. The city is encompassed by areas of outstanding natural beauty & Dartmoor National Park and hosts a full range of shopping, cultural and sporting facilities.

Potential rental income breakdown -

The property is arranged as two self-contained flats:

Flat 1 – £950 pcm
Located over the ground and lower ground floors, this apartment includes three bedrooms, two shower rooms, a reception room, kitchen, and access to a private rear courtyard garden.

Flat 2 – £750 pcm
Situated on the first floor, this apartment comprises one bedroom, reception room, kitchen, and shower room. There is potential to convert Flat 2 into a two-bedroom unit, which could enhance the rental income further.

Total Annual Income: £20,400

Yield: 10.2%

Council Tax Band - Both apartments are Band A.

Services - Mains electricity, drainage and water. Gas fired central heating.

To arrange A viewing please quote BL0650