Four bedrooms, fully let for the academic year
A substantial four-bedroom Victorian mid-terrace in central Plymouth, offered freehold and currently fully let for the academic year. Its location less than a five-minute walk from the University makes it a straightforward income opportunity for investors targeting the student market. The property currently generates £25,500 per year against a guide price of £250,000, producing a strong gross yield close to 10%.
Constructed 1900–1929 with solid brick walls and double glazing of unknown age, the house retains period character but shows signs of age. Photographs and descriptions indicate areas needing modernisation and repair to maximise long-term value — likely benefits from updating kitchens, bathrooms, and adding insulation where appropriate. The plot is small with a modest rear patio and low-maintenance front garden.
Practical features include mains gas central heating with a boiler and radiators, good mobile signal and fast broadband, and low council tax. Notable negatives: assumed solid brick with no wall insulation, glazing install date unknown, and some external brickwork/finishings described as derelict. These factors may mean immediate maintenance or refurbishment costs for new owners.
This property suits an investor seeking near-term rental income from students or professionals, or a buyer willing to refurbish for higher returns or owner-occupation once vacant. The central city location and nearby amenities make it convenient and easy to re-let, but budget for modernisation and possible energy-efficiency improvements.
