- Freehold | Investment Opportunity +
- Annual Income of £37,250 on an exclusive basis +
- 10.7% Yield +
- All Properties Fully Let for 2025/2026 +
- Modern Kitchens and Bathrooms +
- Communal Off-Road Parking for Three Cars +
- Central Location +
- Flat A: EPC E | Council Tax Band: A +
- Flat B: EPC E | Council Tax Band: A +
- Flat C: EPC D | Council Tax Band: A +
A fantastic opportunity to acquire a fully let, income-producing freehold property arranged as three self-contained flats in the ever-popular Greenbank area of Plymouth. Generating a gross annual income of £37,250, this well-maintained and characterful building offers a strong yield of approximately 10.7% (exclusive of bills), making it an ideal investment for portfolio landlords or those seeking solid returns close to the city centre and university.
Each flat has been individually styled with modern kitchens and bathrooms, while retaining charming period features throughout. The property comprises two spacious two-bedroom flats and a characterful one-bedroom loft conversion, each with its own unique layout and appeal. All flats are currently let on fixed terms from next year.
Flat A benefits from its own private entrance and access to the communal courtyard and off-street parking. Flat B boasts a large living room with high ceilings and a feature fireplace. Flat C enjoys charming rooftop views, a bright open-plan layout and Velux windows that fill the space with natural light.
The rental breakdown is as follows: Flat A (2 bed) at £13,000 inclusive, Flat B (1 bed at £11,250 inclusive, and Flat C (2 bed) at £13,000 inclusive.
Set on Radnor Street, in the heart of Greenbank, the property is ideally located within walking distance of Plymouth University, the city centre, Mutley Plain, and the train station. The location offers a rare combination of urban convenience and a peaceful, green setting with nearby parks and tree-lined streets.
Opportunities like this, with strong income, central location and off-street parking, rarely come to market.
Early viewing is highly recommended.
Please be aware that Flat A & C have electric heating, while Flat B has mains gas.
Agent Note:
We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence.
There's no obligation to use our recommended providers.
In accordance with current Anti-Money Laundering (AML) regulations, all prospective purchasers are required to provide valid identification documents before a sale can be agreed and solicitors formally instructed. To facilitate these checks, a one-off charge of £36 (inclusive of VAT) applies. We kindly request that this cost be covered by you as part of the purchase process.