3 bed terraced house for sale

2 & 3, 27 Southside Street, Plymouth, Devon PL1

Prime Barbican Freehold With 3 Apartments & Roof Terrace – Excellent Investment Opportunity

A rare opportunity to acquire the entire freehold of a character building in one of Plymouth’s most sought-after waterfront locations, situated on the historic Barbican just moments from the harbour. This vibrant area is well known for its lively atmosphere, with a fantastic selection of independent shops, restaurants, cafés and bars all within easy walking distance.

The property comprises three self-contained apartments, making it an ideal purchase for investors seeking multiple income streams within a single acquisition.

Flats 1 and 2 are both one-bedroom apartments, presented in relatively good order and well suited to the rental market. Each would be expected to achieve in the region of £800 per calendar month on an AST, providing a solid and reliable income. Given the property’s prime Barbican location, there is also strong potential for these flats to be utilised as short-term holiday lets or Airbnb accommodation, which could generate a stronger yield for investors looking to take advantage of the thriving tourist market.

Flat 3, located on the top floor, is a larger and particularly impressive apartment compared with the others in the building. This property benefits from its own private roof terrace, offering excellent views across the surrounding Barbican area. Due to its size and standout features, this apartment would likely achieve around £1,000 per calendar month on a long-term let, with further potential for higher returns if operated as a holiday let.

Based on standard AST rentals, the combined potential income would be approximately £31,200 per annum. However, given the strength of the Barbican’s holiday accommodation market, the potential income could be significantly higher if the apartments were operated as fully managed holiday lets.

Overall, this represents a fantastic investment opportunity, offering three residential units within a single freehold purchase in a highly desirable waterfront setting.

There is also the opportunity to acquire the commercial shop located within the building, which will be marketed separately at a higher price. This provides buyers with the option to secure both the residential and commercial elements within this prominent Barbican property.