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Studio for sale

£78,500 From

Greenbank Avenue, Lipson, Plymouth PL4

1 1
Interested in this property? Call +44 20 3463 2699 * or

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Property features

  • Purpose Built Student Investment Studios
  • 8% Net Rental Return Assured For 3 Years
  • Fully Fitted & Furnished
  • Experienced Professional Management Company
  • Hands Free Investment

Property description

Beaumont Square Apartments will be set in a new purpose built student accommodation development, providing 39 modern high quality studio apartments to the significantly under-supplied student market in Plymouth.
The apartments are offering investors an assured 3 year net rental of 8% roi per year making this a great hassle free investment opportunity.
Tenants in the apartments will be able to enjoy their fully self-contained studio in safety with a manned reception area and the security of 24 hour CCTV, giving both the students and their parent's full peace of mind.
All studios come fully furnished and managed, residents enjoy a flourishing community where the grand old once derelict buildings are now alive with cafes, bars, restaurants, museums, art galleries, offices and residential spaces. With the final phases of the regeneration set to be completed by 2020, Plymouth is truly a city on the up. The apartments will provide a total of 39 purpose built modern student, each property will be completed to the highest standard with attention to quality finishes, high speed wireless broadband throughout and good usage of space, these properties will provide the perfect residence for the student population in Plymouth being conveniently located for both Plymouth University, Plymouth College of Art and the city centre.
The apartments are located less than a mile away from Plymouth's high performing education institutions, the city centre, and the beautiful harbour, Beaumont Square is the latest development in this coastal UK city.
Key Features
Completing Q3 2017
Prices starting from £78,500
39 exclusive studio apartments 8% net assured for 3 years
Fully furnished and managed investment
Only 25% deposit required on exchange, 75% on completion
Experienced national student operator
Purchase Process 1. £5,000 reservation fee 2. 25% of purchase price due upon exchange of contracts (minus reservation fee) 3. 75% of purchase price due upon completion in September 2017


Floorplan(s): Floorplan

Floorplan View original

Market activity
Average price paid £155,158 Sales 433 Current average value £168,508 (Zoopla Zed-Index) Value change £7,417 ▲ 4.60%

Property value data/graphs for PL4

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £244,630 £209 3.5 £255,000
Semi-detached £193,945 £164 3.4 £176,416
Terraced £184,437 £160 3.5 £168,113
Flats £134,079 £225 1.8 £122,112

Current asking prices in PL4

Average: £159,886
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £150,521
(19)
£181,297
(33)
£221,658
(24)
£232,990
(10)
Flats £86,221
(59)
£138,170
(55)
£141,400
(5)
£169,500
(4)
-
All £86,221
(59)
£141,341
(74)
£176,047
(38)
£214,207
(28)
£232,990
(10)

Current asking rents in PL4

Average: £1,165 pcm
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £373 pcm
(58)
£618 pcm
(9)
£1,011 pcm
(23)
£1,150 pcm
(45)
£1,179 pcm
(57)
Flats £425 pcm
(160)
£711 pcm
(69)
£801 pcm
(24)
£4,619 pcm
(6)
£13,789 pcm
(7)
All £411 pcm
(218)
£700 pcm
(78)
£904 pcm
(47)
£1,558 pcm
(51)
£2,558 pcm
(64)

Fun facts for PL4

Highest value in PL4
Highest value streets Zed-Index
Harbour Avenue £370,239
North Quay £363,111
Addison Road £326,297
Queens Road £320,300
Parsonage Way £300,861
Highest turnover in PL4
Highest turnover streets Turnover
St. Lawrence Mews 58.3%
Pearson Avenue 57.1%
Bradley Road 47.1%
Glen Park Avenue 43.9%
Clinton Avenue 41.7%

What Zoopla users think of Lipson

Overall rating:

  • currently 4 stars
Very good - 84%

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Lipson:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Plymouth (0.8 miles)
  • Devonport (2.0 miles)
  • Dockyard (Devonport) (2.2 miles)
  • Exeter International Airport (40.0 miles)
  • Cardiff Airport (78.6 miles)
  • Bristol Airport (93.0 miles)
  • Plymouth (Barbican) Landing Stage (0.7 miles)
  • Plymouth Mount Batten Ferry Landing (0.9 miles)
  • Plymouth Ferry Terminal (1.5 miles)

Nearby schools

View all schools in Plymouth
  • Salisbury Road Primary School (0.1 miles)
  • Holy Cross Catholic Primary School (0.3 miles)
  • Mount Street Primary School (0.4 miles)
  • City College Plymouth (1.8 miles)
  • UTC Plymouth (2.2 miles)
  • Lifeworks College (19.0 miles)
  • ACE Schools Plymouth (0.5 miles)
  • Plymouth High School for Girls (0.5 miles)
  • Lipson Co-operative Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for Plymouth

About the neighbours in PL4

AskMe Q&A for Plymouth

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For more information about this property, please contact
Ashley Milton, W9 on +44 20 3463 2699 * (local rate)

Monthly running costs Beta

£497 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,850
Repayment term 25
Interest rate 1.5
Your payment £282 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £22/mo (£262/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £151

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5000 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Plymouth

Estimated tax band A Council tax cost £111 /mo
when paid over 10 months
Council tax costs explained

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.

Water

Supply £15 Sewerage £22 Estimated water cost £37 /mo
Water costs explained

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.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Ashley Milton about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ashley Milton, and do not constitute property particulars. Please contact Ashley Milton for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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