This freehold mid-terraced property in Plymouth presents a dual opportunity for investors. Comprising two one-bedroom self-contained flats, it is situated in a central area that offers convenience and potential for rental income growth. The ground floor flat is currently tenanted, yielding £472.50 per month but requires refurbishment across all areas, including the living room, kitchen/breakfast room, double bedroom, and bathroom. The flat also enjoys an enclosed courtyard garden, adding to its appeal once improvements are made.
In contrast, the first-floor flat has been recently modernized and is currently vacant. With a more contemporary living space featuring a combined living and dining area, double bedroom, modern fitted kitchen, and bathroom, it is poised to attract tenants with a projected rental income of around £750 per month.
This property not only already generates income but also allows for additional revenue generation from the refurbished ground floor unit. Given the combined gross rental potential of approximately £14,670 annually from both flats, this property represents an attractive investment option with significant upside through targeted renovations.
