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£210,000
4 bedroom Mid Terrace House for sale, Ocean Street, House Converted Into 4 X Flats, Devon, PL2
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Features and Description
- Excellent Investment Opportunity
- Popular Keyham Location
- One Freehold Property Split Into Four Separate Units
- 2 x Studio Flats and 2 x One Bedroom Flats
- Well-Established Long Term Tenants
- No Onward Chain
Four Flats in One Building current rental £24,000 a annum with a yield of 11.4%. Ocean street has been adapted to create four individual flats. The property comprises of 2 x Studio flats and 2 x one bedroom flats with communal laundry area.
Ocean Street was finished being converted in 1997 and since then, has been a very successful & well-established rental property. With some of the current tenants having stayed for 6 years and would like to continue renting via the new landlord.
Flat 1 Studio is situated at the rear of the property with a modern kitchen, and main living area with en-suite. This flat benefits from access to its own private ceiling storage area.
Flat 2 is a studio flat on the left as you first enter the property. The flat benefits from a modern fitted kitchen which leads to a living and sleeping area with bay window facing the front aspect. The property has access to private under stairs storage.
Flat 3 is the largest flat in the property and is situated on the 1st floor with a large modern kitchen, large living room, bedroom and en-suite.
Flat 4 is in the roof space leading into open plan kitchen and lounge space with bedroom with Velux window and bathroom.
EPC Grade:
Flat 1 D
Flat 2 E
Flat 3 C
Flat 4 E
Council Tax Band: B
Tenure: Freehold
Local Authority City Of Plymouth
Conservation Area No
Council Tax Band Band B
Council Tax Estimate £1,723
Rivers & Seas No Risk
Surface Water Very Low
Broadband (estimated speeds)
Standard 6 mbps
Superfast 74 mbps
Ultrafast 1000 mbps
Satellite & Cable TV Availability
Location
Keyham is a popular residential location, mostly occupied by families with a mix of privately-owned and rental properties. The area of Keyham is located on the western side of Plymouth City, adjacent to the historic HMNB Devonport and Docklands, and remains popular for families and professionals working in the city and local area. There are plenty of shops and amenities nearby and both primary and secondary schools to choose from. The area is well serviced by a regular bus service with the addition of nearby green spaces and parks. If all this wasn't enough Keyham is also a short drive to the Torpoint Ferry & Tamar Bridge linking Cornwall. The Devon Expressway is just around the corner offering the perfect place for travelling and commuting.
Flat 1 Studio Bedroom & living Area
10'6" x 8'6" (3.20m x 2.60m)
Flat 1 Studio Kitchen
10'6" x 6'7" (3.20m x 2.00m)
Flat 1 Studio - En-Suite
10'6" x 3'3" (3.20m x 1.00m)
Flat 2 Studio Bedroom & living Area
13'1" x 12'6" (4.00m x 3.80m)
Flat 2 Studio Kitchen
9'10" x 9'2" (3.00m x 2.80m)
Flat 3 Bedroom
9'10" x 9'2" (3.00m x 2.80m)
Flat 3 Lounge
13'1" x 9'10" (4.00m x 3.00m)
Flat 3 Kitchen
13'1" x 5'11" (4.00m x 1.80m)
Flat 4 Bedroom
9'2" x 5'11" (2.80m x 1.80m)
Flat 4 Bathroom
9'2" x 5'11" (2.80m x 1.80m)
Flat 4 Kitchen & Lounge
16'5" x 7'10" (5.00m x 2.40m)
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.
Ocean Street, House Converted Into 4 X Flats, Devon, PL2
Additional Information
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Property refMUT240238
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EPCE
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TenureFreehold
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Council TaxB
Your Move Estate Agents Plymouth
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Your Move Estate Agents Plymouth
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2 Mannamead Road, Mutley, Plymouth, PL4 7AA
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Borrowing £189,000 and repaying over 25 years with a 2.5% interest rate.
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Floorplan
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Street view
Flat 4 Bedroom
9'2" x 5'11" (2.80m x 1.80m)
Flat 4 Kitchen & Lounge
16'5" x 7'10" (5.00m x 2.40m)
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
52Potential
72CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs