Summary - 49a, North Street PL4 8DH
7 bed 2 bath End of Terrace
Near-university rental income with ready-to-let kitchens and shower rooms.
Two self-contained flats: one 4-bed, one 3-bed
Offered as two self-contained flats (one 4-bed, one 3-bed), this end-of-terrace property is set in a central Plymouth location within easy walking distance of the university and local amenities. Each unit benefits from modern fitted kitchens and shower rooms, making the building immediately lettable to students or commuter tenants. The guide price band and advertised gross annual income indicate clear rental potential for an investor seeking a near-term income stream.
The building dates from the early 20th century and retains a period exterior; walls are granite/whinstone with assumed no insulation. The roof and exterior show visible wear and moss, so expect external maintenance and possible roof works. Internally the flats are compact but use space efficiently across the 834 sqft total; rooms receive good natural light and services include mains gas heating, boiler and radiators, double glazing (unknown install date), and fast broadband and excellent mobile signal.
Important practical considerations are the setting and local context: the area is very deprived with very high recorded crime levels, which will affect tenant profile, rents and insurance costs. Plot size is small and communal/outdoor space is limited. With basic remedial works and targeted investment in insulation and exterior repairs, the property offers a straightforward conversion-style buy for landlords targeting students or young professionals who prioritise location and connectivity over garden space.
Listed freehold with a very cheap council tax band, this property suits an investor prepared to manage a rental block in a busy urban neighbourhood. Be clear-eyed about operating costs related to location and the likely need for external maintenance and upgrade works to improve long-term returns.
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