Summary - 237 FLAT 42 ALBERT ROAD PLYMOUTH PL2 1DJ
1 bed 1 bath Apartment
Compact rental-ready flat with river outlook and strong connectivity for investors.
Open-plan kitchen/reception with juliette balcony and river views
Tenanted and sold via Secure Sale online bidding (auction terms apply)
102-year lease remaining — acceptable for long-term investment
High annual service charge: £2,640; ground rent £50 per year
Cash buyers preferred; mortgageability pending cladding sign-off
Built 2003–2006 with double glazing; electric room heaters (higher bills)
Located in high-crime, very deprived area — factor in rental demand risks
Approx. 459 sq ft; compact, low-maintenance one-bedroom apartment
A one-bedroom apartment in the Latitude development offered at auction, currently tenanted and marketed to cash buyers. The layout includes an open-plan kitchen/reception, a good-sized bedroom and a modern shower room, plus a juliette balcony overlooking the River Tamar. The building is modern (built 2003–2006) with double glazing and the final cladding works are complete and awaiting final sign-off — once certified, mortgage lending should become available.
For investors this property offers immediate rental income and a compact, low-maintenance footprint (approx. 459 sq ft). Annual service charge is significant at £2,640 and there is a small ground rent of £50. The lease has about 102 years remaining, which supports future saleability but factor service charges into yield calculations.
Be candid about location and running costs: the property sits in a higher-crime, very deprived area of the city and uses electric room heaters, which can mean higher utility bills. It will be sold via Secure Sale online bidding and auction terms apply, so purchasers should ensure funds and due diligence are in order prior to bidding.
Nearby amenities and several ‘Good’ primary and secondary schools provide local convenience and tenant demand. Broadband speeds are fast and mobile signal excellent, supporting lettings to professionals or students. This is a straightforward income opportunity for a buyer comfortable with auction purchase processes and local area considerations.
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