Ready-to-let property with garden and immediate rental potential.
Freehold Victorian mid-terrace arranged as two self-contained apartments
This three-bedroom mid-terrace Victorian freehold on Alexandra Road is arranged as two self-contained apartments, offering an immediate income opportunity in central Plymouth. The property includes a spacious two-bedroom duplex above and a one-bedroom basement flat with a generous private garden — practical layouts that appeal to longer-term tenants or a buy-to-let portfolio.
Located within walking distance of shops, Lidl, Central Park and Plymouth city centre, the building benefits from excellent transport links and fast mobile and broadband. The accommodation is bright and neutral, with contemporary finishes in parts and useful rooms such as a utility and study in the lower apartment. Total floorspace is approximately 936 sq ft, and there is no onward chain to simplify purchase.
Key value drivers are the potential rental income of about £1,500 pcm and the freehold ownership, which gives control over future changes. However, this period property has granite walls likely without insulation and both apartments currently hold EPC ratings of D, so improvement works (insulation, heating efficiency upgrades) may be necessary to reduce running costs and improve lettability.
Buyers should note the property sits in an area with above-average crime and broader local deprivation indicators. While the house is structurally traditional and well-located, it will suit investors comfortable managing refurbishment, tenant placement, or modest modernisation to maximise returns.