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£440,000
8 bedroom Mid Terrace House for sale, Milehouse Road, Plymouth, Devon, PL3
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Features and Description
- Substantial Period Property
- Superb Investment Opportunity
- Currently Generating £39,804 P/A
- Arranged Over Three Floors, Comprising 6 Bed & S/C 2 Bed Apartment
- Double Garage
- Convenient Location
Your Move present to the market Milehouse Road. Two Flats over three floors with a detached double garage.
The ground floor flat is a generous two-bedroom flat and an HMO first-floor flat is a six-bedroom duplex flat.
Each flat has been split with individual leases of over 900 years.
Ground Floor Flat rental income is £775 pcm.
First Floor Flat Room 1, 2, 6 are £500 pcm
Rooms 3,4 combined are £700 pcm
Room 5 is £525 pcm
The total monthly income is £3500 making a total of £42,000 per annum. The yield on the investment 9.5%
Garages are currently used by the landlord however could be rented out separately to tradesmen, local homeowners or the public especially on match days to boost the income
This substantial Victorian residence, arranged over three floors & comprises, a beautifully presented two double bedroom ground floor apartment with a private decked balcony . The First Floor Flat is a fully licenced HMO 6-bedroom duplex flat, with a communal bathroom, separate shower room & WC.
Please call the Your Move Plymouth team for further information.
EPC Grade: First Floor Flat - C
Local Authority: City Of Plymouth
Conservation Area: No
Council Tax Band: Band B
Flood Risk: Rivers & Seas Very Low
Surface Water Very Low
Year Built 1950-1966
GFF & FFF 999 years from 16.09.2011
Licence expiry date: 08/03/2027
The licence holder for this HMO is: Mr Tim Mellor
PLEASE NOTE THIS LICENCE IS NOT TRANSFERABLE TO A NEW OWNER.
THE LICENCE HOLDER NAMED ABOVE REMAINS RESPONSIBLE UNDER THE
TERMS OF THIS LICENCE UNTIL SUCH TIME AS THE LICENCE EXPIRES OR
IS REVOKED BY THE LOCAL AUTHORITY.
Living Room (Apartment)
5.4m x 4.8m
Master Bedroom (Apartment)
4.4m x 3m
Bathroom
2.4m x 1.6m
Bedroom Two (Apartment)
3.6m x 3m
Kitchen / Diner (Apartment)
4.8m x 4.2m
Communal Kitchen
3.2m x 3m
Bedroom6
4.2m x 2.8m
Bedroom4
4.8m x 4.4m
Bedroom3
4.8m x 4.4m
Bedroom5
3.4m x 2.2m
Bedroom7
4.2m x 3.7m
Bedroom2
6.2m x 3.2m
Shower Room
2.6m x 1.8m
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our 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. The 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 photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Milehouse Road, Plymouth, Devon, PL3
Additional Information
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Property refMUT240077
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EPCC
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TenureLeasehold
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Council TaxB
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
Your Move Estate Agents Plymouth
Do you have a property you need to sell?
Your Move Estate Agents Plymouth
Your Move Plymouth
2 Mannamead Road, Mutley, Plymouth, PL4 7AA
Mon - Fri09:00 - 18:00Saturday09:00 - 16:00SundayClosed
Disabled access available
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Monthly payment
£
Borrowing £396,000 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.
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Nearby locations
Photos
Virtual tours
Floorplan
Map view
Street view
Bathroom
2.4m x 1.6m
Communal Kitchen
3.2m x 3m
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
78Potential
78CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs