£74,000

2 bed flat for sale

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Leasehold

Guide price

£74,000

2 bed flat for sale

Cheriton Close, Plymouth PL5

2 beds
1 bath
1 reception
EPC rating: C

Key Information

Tenure:
Leasehold
Time remaining on lease:
89 years
Service charge:
£1,908 per year
Council tax band:
Ground rent:
£10
Ground rent date of next review:

Local area information

Property location

Nearby amenities

  • Knowle Primary School 0.1 miles
  • Ernesettle Community School 0.4 miles
  • St Budeaux Ferry Road 1.3 miles
  • St Budeaux Victoria Road 1.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Purpose Built Apartment
  • 2 Double Bedrooms
  • Lounge / Diner
  • Double Glazing
  • Gas Central Heating
  • Far Reaching Views
  • Currently Let
Guide Price of £70,000 to £80,000

Introducing this charming 2-bedroom apartment, a prime addition to your rental portfolio in the West Park neighborhood of Plymouth.

Step inside, where you'll find a cozy lounge and dining area, a well-appointed kitchen, a family-sized bathroom, and two generously proportioned double bedrooms, ensuring comfortable living.

This property offers modern amenities such as efficient gas central heating and double-glazed windows. Additionally, its breathtaking far-reaching views add to the overall allure.

Currently, the apartment is leased under an assured shorthold tenancy, generating a monthly rental income of £580, resulting in an impressive gross yield of nearly 10%. Furthermore, there exists ample potential to increase the monthly rent to approximately £700, elevating the yield to a remarkable 12%. Don't miss out on this fantastic investment opportunity.

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

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Floor plans and tours

Floor plans (1)

Floor plan 1

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Listed by

Francis Stuart Plymouth

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  2. For sale
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  4. Cheriton Close

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