Summary - 256, North Road West, PLYMOUTH PL1 5DG
1 bed 1 bath Apartment
**Standout Features:**
- One-bedroom apartment, newly renovated in 2022
- Currently tenanted with a rental value of £598/month
- Affordable guide price of £50,000
- Low annual ground rent of £20
- High ceilings and Victorian features
- Convenient on-street parking
**Concerns:**
- Leasehold with only 57 years remaining; may impact mortgage options
- High crime rate in the area
- Property in a very deprived neighborhood
Discover the potential of this charming one-bedroom apartment, ideal for first-time buyers or savvy investors looking for an attractive rental opportunity. Located in a vibrant student neighborhood, this turn-key property has been recently updated and is currently generating income with a tenant in place. The airy spaces feature high ceilings and classic Victorian elements, providing a unique charm that sets it apart.
Though the property’s leasehold status and the limited remaining term may pose challenges for financing, the low entry price and minimal ground rent present a compelling investment opportunity. With on-street parking and proximity to local amenities, this property not only offers comfort but also potential for future rental growth. Don’t miss out—property like this in a burgeoning area won't be available for long!
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