Summary - 13 CHELTENHAM PLACE PLYMOUTH PL4 7DZ
6 bed 2 bath Terraced
**Standout Features:**
- Prime location near Mutley Plain and Plymouth University
- Divided into two 3-bedroom flats
- Achieving a solid rental income of £38,650 per annum
- 2-car hard stand for convenient parking
- Excellent transport and broadband options
**Notable Concerns:**
- Property requires renovations
- Low insulation levels may affect energy efficiency
Introducing an attractive investment opportunity in a vibrant student neighborhood! This mid-terraced Victorian house comprises two spacious 3-bedroom flats, ideal for capturing the lucrative student rental market. Kindly situated just minutes away from Mutley Plain and Plymouth University, the property boasts a combined rental income of £38,650 per annum and is already re-let for the 2025/2026 academic year, increasing its value further with a new income of £38,880.
Internally, both flats feature essential amenities like gas central heating and double glazing for comfort. Each flat includes a communal area, well-equipped kitchen, and modern bathrooms, making them appealing to students. Outside, the property offers a small lawned garden and off-street parking for two cars—an invaluable perk in this busy area. Although the property would benefit from renovation work and lacks additional insulation, it presents significant potential for savvy investors looking to enhance long-term rental returns. Don't miss this opportunity to secure a prime piece of real estate in a thriving urban setting!
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