Summary - 49a, North Street PL4 8DH
7 bed 2 bath End of Terrace
Two self-contained flats near Plymouth University producing immediate rental income..
Freehold Victorian end-terrace converted into two flats (4-bed and 3-bed)
Gross annual rental income reported £40,000
Close walk to Plymouth University — strong student demand potential
Small overall footprint ~834 sq ft; compact rooms and plot
Only two shower rooms for seven lettings — shared facilities
Exterior wear: moss on roof; likely insulation upgrades needed
Area: very deprived with very high crime — affects tenant mix and management
Fast broadband and excellent mobile signal, council tax very cheap
A substantial Victorian end-of-terrace converted into two self-contained flats, currently arranged as a four-bed and a three-bed, offers an immediate rental income stream. Both units have modern fitted kitchens and shower rooms and are within easy walking distance of Plymouth University, making the building well suited to student or HMO-style lettings and investor portfolios.
The property is offered freehold with a reported gross annual income of £40,000. Internally the accommodation is usable and largely updated, but the building sits on a small plot and the overall internal size is compact at around 834 sq ft. Broadband and mobile signals are strong, supporting lets to students and professionals.
Buyers should be clear about material negatives: the area records very high crime and very high deprivation, the external roof shows moss and general wear, and the original granite walls are assumed to lack insulation. There are only two shower rooms serving seven bedrooms, and communal circulation and services may need ongoing maintenance or upgrade.
This is a clear investment proposition for a cash-flow-focused buyer comfortable with central, high-demand student lettings and prepared to carry targeted exterior and thermal-improvement works. It is less suitable for buyers seeking a low-crime, suburban family home or a large private garden.
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