Summary - REAR OF, 23 THE COTTAGE WATERLOO STREET PLYMOUTH PL4 8LY
4 bed 2 bath House
Chain-free, compact buy-to-let with conversion potential near university and city amenities.
Freehold, chain-free investment opportunity in central North Hill
A compact freehold investment in central North Hill, offered chain-free and ready for refurbishment. The building is arranged over basement, ground, first and second floors, giving flexible layouts for multi-room lettings or conversion into self-contained units. Proximity to the university and city centre supports strong rental demand, particularly for HMOs or student tenancies.
The property needs work: external discoloration, possible damp issues and assumed uninsulated granite walls indicate remedial costs. Internally the ground-floor vacant space and mixed-use layout present clear scope to improve layout efficiency and rental yield, but expect renovation, reconfiguration and confirmation of services before letting or resale.
Practical positives include mains gas central heating, double glazing and an internal layout that already provides multiple kitchens, bathrooms and bedrooms across floors. Note there is no private garden and the plot is very small; street-facing aspect with limited external amenity.
This is best suited to a buyer experienced in small urban refurbishments or an investor targeting high-yield student/MO or short-term lets. Carrying out conversion or targeted upgrades could substantially increase rental income, but budget for structural, damp and insulation works and factor in the high-crime local context when setting rents or targeting tenants.
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