4 bed end terrace house for sale

Plymouth, Devon PL2

High-Income Investment Opportunity – Modern Apartments & Development Potential Near Babcock

An excellent mixed-use investment opportunity comprising two modern double-bedroom apartments and a vacant ground-floor commercial unit, offered as a single freehold purchase and generating a strong gross yield of approximately 11.31% at the asking price.

The residential element consists of two well-proportioned two-double-bedroom apartments, both converted within the last 18 months to a good standard. Each apartment is currently let and achieving £975 per calendar month, providing a combined residential income of £23,400 per annum. The apartments are located just a short walk from Babcock International, making them particularly attractive to professional tenants.

To the front of the building is a vacant commercial unit, offering further income potential. As a commercial letting, this unit is expected to achieve approximately £500 per calendar month (£6,000 per annum). Additionally, the unit benefits from approved planning permission for conversion to a one-bedroom maisonette, offering future development or value-add potential (subject to implementation).

Income Breakdown:

Apartment One: £975 pcm (£11,700 pa)

Apartment Two: £975 pcm (£11,700 pa)

Commercial unit: £500 pcm (£6,000 pa)

Total annual income: £29,400

Asking price: £260,000

Gross yield: 11.31%

This is a high-yielding, low-maintenance investment with modern accommodation, multiple income streams, and further upside potential through redevelopment, making it an ideal addition to an investor’s portfolio.