Summary - 124F KING STREET PLYMOUTH PL1 5JD
2 bed 1 bath Apartment
**Standout Features:**
- Current rental income of £850 per month
- Gross rental yield of 8.8%
- Two double bedrooms in a 634 sq. ft. layout
- Spacious 20' lounge/dining room with balcony
- Located close to Plymouth city centre
- Includes a communal garden and external storage shed
- Affordable council tax and low ground rent
**Potential Concerns:**
- High crime rate in the area
- 1930-1949 construction may warrant structural evaluations
- No central heating system; electric heating assumed
Explore an incredible investment opportunity with this two-bedroom apartment currently yielding an impressive gross rental income of 8.8%. Spanning 634 square feet, the property features a spacious 20' lounge/dining room that opens to a delightful balcony, perfect for enjoying views of the well-kept communal gardens. The modern kitchen, combined with a family bathroom and additional WC, provides practical living arrangements ideal for students or small families.
Nestled in the vibrant environment of Plymouth city centre, this apartment benefits from excellent access to shops, restaurants, and mainline train links, enhancing its rental appeal. While the area does face a high crime rate and the property may require updates to its heating system, the potential for long-term value and appreciation in this cosmopolitan neighborhood is substantial. With a guide price between £110,000 and £120,000, seize this opportunity to invest in a property that promises both comfort and lucrative returns—properties like this don’t stay on the market for long.
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