Let-in-place unit with immediate rental income and renovation upside.
Three-bedroom first-floor maisonette with balcony and small garden
This three-bedroom first-floor maisonette offers immediate rental income — tenants in situ pay £900 pcm — and sits in West Park, Plymouth. At 657 sq ft it’s a compact unit with a balcony, small garden, open-plan kitchen/living area, downstairs WC and a first-floor family bathroom. The building dates from the 1950s–60s and benefits from double glazing and a C EPC rating.
The property is leasehold with approximately 89–90 years remaining and is sold via auction using the Modern Method of Auction. Buyers should be aware of the buyer fees: a non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600) plus a £300 buyer information pack cost, and optional service referrals. Annual service charge is high at about £1,978.80 and ground rent is low (£10 pa).
The neighbourhood is classed as very deprived with mixed local services; transport links to Derriford Hospital and the A38 are good and local schools include several rated Good. The block is system-built with external insulation and the exterior shows signs of maintenance needed; internal condition will reflect tenant occupation. This suits buyers looking for near-term rental return and renovation potential, but not those seeking a turn-key family home.
Interested parties should review the auction contract, Buyer Information Pack, and confirm mortgage availability before bidding. Internal inspection is recommended where possible to check condition and service arrangements.