Summary - 5 HAYSTONE PLACE PLYMOUTH PL1 5DU
4 bed 3 bath Terraced
Freehold three-flat terrace near Plymouth University, immediate income and refurbishment potential..
- Freehold Victorian mid-terrace with three lettable flats and tenants in situ
- Current income £2,100 pcm (£25,200 pa)
- Brand-new roof and double glazing present
- Close walking distance to Plymouth University — strong student demand
- Limited outdoor space; small plot and modest garden
- Located in a very deprived area with high local crime rates
- Dated interiors; refurbishment can increase rent and value
- Some stone walls likely uninsulated; energy upgrades may be needed
A three-storey Victorian mid-terrace converted into three self-contained flats, currently producing £2,100 per calendar month (£25,200 pa) from tenants in situ. The building benefits from a brand-new roof and double glazing, and its freehold status and close walking distance to Plymouth University make it well-suited to a buy-to-let investor targeting students and local professionals.
Accommodation comprises a lower-ground studio (£500 pcm), a ground-floor one-bedroom flat with garden access (£750 pcm) and a first-floor two-bedroom flat (£850 pcm). EPCs recorded as C and D for some flats; one flat EPC pending. Internal layouts and finishes are generally dated, offering scope for refurbishment to lift rents and capital value.
Notable negatives are the property's location in a very deprived area with high local crime rates and limited external amenity — small plot and modest garden space. Some walls are original granite/whinstone with assumed no insulation, so energy-efficiency improvements may be needed. The property is sold with tenants and collects current income, but any purchaser should allow time for landlord checks and tenant-related management.
Overall this is a priced-for-yield central Plymouth investment with immediate rental income and short-term uplift potential through sensible refurbishment and energy improvements. It will suit an investor comfortable operating in a busy student/professional neighbourhood and managing tenancy turnover and area-related risks.
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