Summary - 35 Channel Park Avenue PL3 6LH
2 bed 1 bath Flat
Income-producing auction lot with garden and renovation upside.
Two-bedroom ground-floor flat, approx. 571 sq ft
A ground-floor two-bedroom leasehold flat with private side/rear access and front, side and rear gardens. The property extends to approximately 571 sq ft, has double glazing, gas central heating with radiators, and an EPC rating of C. It currently produces an income of £725 pcm from a long-term tenant, making it immediately cash-generative for a buyer seeking rental return.
The flat requires modernisation and cosmetic renovation throughout; the living room and internal fittings show dated decor. The lease has about 91 years remaining and annual costs are modest: service charge £169.58 and ground rent £10, with buildings insurance at £211.36. There is no flooding risk, broadband speeds are fast and mobile signal is excellent.
This property will be sold at auction by the Modern Method of Auction. Bidders should note the non-refundable reservation fee of 4.5% (minimum £6,600) plus a £300 buyer information pack payment, and completion is required within 56 days. These costs should be factored into purchase calculations and mortgage checks made in advance.
Located in Efford, Plymouth, the wider area is classified as renting hard-pressed workers and overall area deprivation is high; crime is average. Good local schools are within reach and the flat offers straightforward rental potential for investors willing to carry out works and manage short-term auction purchase conditions.
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