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Studio for sale

£74,950

North Road East, Plymouth PL4

1 1
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Property features

  • 8% Assured For 3 Years
  • 5% Interested Paid On Deposited Funds
  • 300m From Plymouth Train Station
  • 300m From Plymouth University
  • City Centre Location
  • Communal Gardens
  • 250 Year Lease
  • Full Wifi Throughout
  • 300m From Plymouth Train Station
  • EPC Available On Completion

Property description



*calling all investors* guaranteed rental yeilds* Hurry off plan incentives to reserve now! Situated in the heart of this thriving maritime student city, North Road East is set to provide luxury and modern student accommodation, with contemporary features, fitted kitchenette, en-suite shower rooms, bike storage and communal garden and lounge. With a selection of 24 self-contained studio apartments and 15 one bedroom apartments, each unit will benefit from a furniture pack, included in the price, which has been carefully selected to complement the design of the development. Located just 0.10 miles from the University of Plymouth, North Road East provides potential purchasers an excellent opportunity to capitalise on the city s vibrant student population from just £74,950, and enjoy an 8% net rental return for 3 years and 5% interest on deposited funds. The highly acclaimed Plymouth University is just a short walk away, as is the Plymouth College of Art; and in a thriving student city where there is a shortage of student properties, these apartments provide much needed modern, student accommodation, as well as a desirable investment opportunity. Please note that all sales particulars and images are for marketing and illustrative purposes only. Advertising images may include upgrades as home specifications can vary. EPC available on completion.

Description

With a selection of 24 self-contained studio apartments and 15 one bedroom apartments, each unit will benefit from a furniture pack, included in the price, which has been carefully selected to complement the design of the development. Located just 0.10 miles from the University of Plymouth, North Road East provides potential purchasers an excellent opportunity to capitalise on the city s vibrant student population from just £74,950, and enjoy an 8% net rental return for 3 years and 5% interest on deposited funds. The highly acclaimed Plymouth University is just a short walk away, as is the Plymouth College of Art; and in a thriving student city where there is a shortage of student properties, these apartments provide much needed modern, student accommodation, as well as a desirable investment opportunity. Please note that all sales particulars and images are for marketing and illustrative purposes only. Advertising images may include upgrades as home specifications can vary. EPC available on completion.

Location

As a thriving port city, Plymouth has almost 300 marine and maritime businesses, the largest cluster of its type in the South West. Today, there are over 750 listed buildings in Plymouth including the impressive Royal Albert Bridge, the medieval Boringdon Hall, and the Tinside pool, which has been voted one of the top 10 best outdoor pools in Europe. There is so much to do within Plymouth, no matter what your interests. The eclectic Plymouth market is one not to be missed, and the Drake Circus shopping centre offers over 70 of the uk's top high street shops all in one place. For those wishing to take in the beautiful sights of the area, there are many cycle trails and walks that can be taken through the numerous parks and green spaces. Particularly impressive is the stunning Burrator Reservoir and the much visited Plymouth Sound. For those looking for something a bit different there is a climbing centre and an adrenalin urban activity park. Plymouth pavilions provides an exceptional concert venue for a good night out, hosting lots of big names in comedy and music, and there are also a number of theatres, bars, clubs and restaurants providing a great social scene for all to enjoy.

Our View

Home to two prominent universities, the University of Plymouth and Plymouth Marjon University, the city boasts a student population of over 25,000. Standing as one of the largest universities in the UK, the University of Plymouth has benefitted from investments of over £200 million in recent years, aimed at enhancing the main campus and the student experience. Experiencing an under supply of purpose built student accommodation, a report forecasts that over 13,000 of students will be without access to student beds, even if the city s strong pbsa development pipeline is completed.

Important note to purchasers:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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Property info

Market activity
Average price paid £156,462 Sales 428 Current average value £163,610 (Zoopla Zed-Index) Value change £691 ▲ 0.42%

Property value data/graphs for PL4

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £235,174 £203 3.5 £158,333
Semi-detached £188,426 £154 3.4 £177,129
Terraced £179,070 £156 3.5 £168,471
Flats £130,186 £216 1.8 £125,346

Current asking prices in PL4

Average: £145,074
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £165,000
(1)
£156,317
(9)
£178,350
(32)
£218,945
(19)
£284,980
(5)
Flats £84,269
(84)
£139,102
(57)
£212,967
(3)
£190,333
(3)
-
All £85,219
(85)
£141,449
(66)
£181,317
(35)
£215,043
(22)
£284,980
(5)

Current asking rents in PL4

Average: £1,060 pcm
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £369 pcm
(55)
£683 pcm
(10)
£1,033 pcm
(26)
£1,524 pcm
(48)
£1,295 pcm
(44)
Flats £440 pcm
(136)
£707 pcm
(68)
£836 pcm
(22)
£6,561 pcm
(4)
£1,896 pcm
(2)
All £420 pcm
(191)
£704 pcm
(78)
£943 pcm
(48)
£1,912 pcm
(52)
£1,321 pcm
(46)

Fun facts for PL4

Highest value in PL4
Highest value streets Zed-Index
Harbour Avenue £359,976
North Quay £352,016
Addison Road £316,889
Queens Road £310,672
Parsonage Way £292,381
Highest turnover in PL4
Highest turnover streets Turnover
St. Lawrence Mews 58.3%
Pearson Avenue 57.1%
Bradley Road 47.1%
Glen Park Avenue 41.5%
Ford Park 41.2%

What Zoopla users think of Plymouth

Overall rating:

  • currently 4 stars
Very good - 78% (266 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Plymouth:

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

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Plymouth (0.3 miles)
  • Devonport (1.6 miles)
  • Dockyard (Devonport) (1.8 miles)
  • Exeter International Airport (40.2 miles)
  • Cardiff Airport (78.5 miles)
  • Bristol Airport (93.0 miles)
  • Plymouth (Barbican) Landing Stage (0.9 miles)
  • Plymouth Mount Batten Ferry Landing (1.2 miles)
  • Plymouth Ferry Terminal (1.3 miles)

Nearby schools

View all schools in Plymouth
  • Mount Street Primary School (0.2 miles)
  • Holy Cross Catholic Primary School (0.5 miles)
  • Pilgrim Primary Academy (0.5 miles)
  • Callywith College (26.7 miles)
  • EF Academy Torbay (27.4 miles)
  • Exeter Mathematics School (35.9 miles)
  • Plymouth High School for Girls (0.1 miles)
  • Plymouth College (0.5 miles)
  • ACE Schools Plymouth (0.6 miles)
Note: Distances are straight line measurements

Local info for Plymouth

About the neighbours in PL4

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For more information about this property, please contact
Your Move, PL4 on +44 1752 948611 * (local rate)

Monthly running costs Beta

£477 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,495
Repayment term 25
Interest rate 1.5
Your payment £269 /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 £350,000 Contents value up to £40,000 Average insurance cost £16/mo (£195/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 £17 Electricity £27 Estimated energy cost £44/mo

Similar properties could save up to £161

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.

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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 Your Move, and do not constitute property particulars. Please contact Your Move 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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