Two-bedroom Victorian flat with private courtyard and a 963-year lease — ideal first-time buy or investment..
Reverse freehold — no ground rent or service charges
This ground-floor two-bedroom period flat sits in a Victorian terrace close to Plymouth city centre. It offers generous ceiling heights, a bay-windowed living/dining room and a private courtyard-style outside space — practical for outdoor sitting without full garden maintenance.
The flat benefits from a very long 963-year lease under a reverse freehold arrangement, so there are no ground rent or service charges. Practical extras include gas central heating, double glazing and fast broadband and mobile signal, making it suitable for students, professionals or first-time buyers seeking rental potential.
The property will suit buyers willing to modernise: the exterior and some interiors are dated and the building’s original granite walls are likely uninsulated. The area is classified as very deprived, which can affect long-term capital growth and local amenities, though local schools have good Ofsted ratings and public transport is nearby.
Overall this is a pragmatic purchase for someone seeking a low-running-cost starter home or a buy-to-let with immediate letting potential after minor updating. Important facts: average crime level, no flood risk, and very cheap council tax, all noted for a clear view of running costs and location realities.