Summary - Ebrington Street, Plymouth, Devon, PL4 PL4 9AA
7 bed 7 bath Terraced
Three fully let student flats with parking and strong reported yield in central Plymouth..
Approx £51,000 gross income per year (reported)
12% gross yield (reported) — strong headline return
3 self-contained flats: 2x 3-bed en-suite, 1x 1-bed with roof terrace
Allocated off-street parking to rear
Share of freehold ownership
Ground-floor commercial/retail frontage — mixed-use potential
Very high local crime and very deprived area — impacts risk and management
Very slow broadband speeds; student tenancies may limit mortgage options
A strong income-producing terraced building in central Plymouth arranged as three self-contained flats currently let to students for the 25/26 academic year. The property is presented as two 3-bedroom flats (each with en-suite facilities) and a top-floor 1-bedroom flat with a roof terrace, plus ground-floor commercial/retail potential. Allocated off-street parking and a record of high occupancy support steady rental receipts.
Financially the property delivers approximately £51,000 gross income at a reported 12% gross yield, making it a clear candidate for buy-to-let investors or a portfolio addition. Ownership is on a share-of-freehold basis, which can simplify long-term management compared with a leasehold flat investment. The building’s mixed-use layout and central location mean ongoing demand from student tenants and potential for reconfiguration subject to planning and consents.
Buyers should weigh material negatives: the immediate neighbourhood is classified as very deprived with very high crime levels, and broadband speeds are reported as very slow — factors that can affect tenant mix, management costs and valuation. The property’s tenant profile (student lets) can restrict mortgage options and resale market to specialist landlords. The commercial frontage and mixed-use arrangement mean any change of use or major alterations will require proper consents.
Prospective purchasers are advised to verify tenancy agreements, service and maintenance records, and income figures, and to conduct standard surveys and checks (including safety certificates for HMO/student lets and commercial compliance). This is a practical, income-focused opportunity for investors comfortable operating in challenging but centrally located rental markets.
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