Summary - Hill Park Crescent, Plymouth, Devon, PL4 PL4 8JP
1 bed 1 bath Terraced
Fully let five-flat terrace near university — immediate income with renovation upside.
Fully let block of five flats providing immediate income
Quoted strong rental yield of 12.7% based on current rents
Close to university, city centre, public transport and parks
Victorian terraced building — period features with renovation potential
Photo-noted damp potential; remedial works likely required
EPC currently TBC; energy performance compliance unknown
Area shows high crime rates and higher deprivation levels
Freehold tenure; small plot with no significant garden space
This freehold terrace comprises five individually let flats, delivering immediate rental income and a strong quoted yield of 12.7%. The block is fully let to a mix of students and professionals, with current rents providing predictable cashflow from day one. Its location offers excellent access to public transport, the city centre and the nearby university — sustaining tenant demand in this cosmopolitan neighbourhood.
The building is a Victorian terraced property with period features but shows signs typical of older stock. Photo descriptions note potential damp and the property is described as a fixer-upper/renovation project. Buyers should allow for remedial works and possible modernization to maintain long-term rental values and reduce management costs.
Practical information missing from the particulars: EPC is to be confirmed and council tax band is unknown. The local area records higher crime rates and greater deprivation, which can affect tenant profiles and management requirements. These factors are balanced by strong rental demand and excellent local amenities, including schools, shops and parks within walking distance.
This block suits investors seeking an income-producing addition to a portfolio who are prepared to manage refurbishment and tenant considerations in a high-demand student and professional area. The property offers scope to enhance value through selective investment and active asset management.
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