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North Hill Mutley, Plymouth
Guide Price £120,000 - £130,000

North Hill, Plymouth. A really good investment property! currently let for the next academic year circa £14,000pa! 11%

Sold STC
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  • A really good investment property! currently let for the next academic year circa £14,000pa! 11%
  • Large reception room
  • 3 good sized bedrooms
  • Gas central heating
  • On street parking in area, restrictions may apply.
  • 736 sq ft
  • A
  • Leasehold - 125 years from 1st January 2007 ( approx. 106 years remaining ) Currently pay approx. £90 pm maintenance.

Guide price £120,000 - £130,000. Located in a really central position, at the end of Mutley Plain at the start of North Hill is this first floor 3 bedroomed first floor flat, a great investment opportunity! It really is a good one! The flat is currently let to 3 students until August 2022 producing an income of circa £14,500 for the 50 week year! That is made up of two rooms paying £100 pw and one paying £90 pw. That is a return of circa 11% ! The main front door is around the side of this grand building and accesses two of the 3 flats in the building. As you go up the communal staircase you can't not be super impressed by the fabulous stained glass window over the staircase. Once in your front door the hallway leads to a large living room / dining room. The bathroom is fitted with a white suite with a shower fitted over the bath. The kitchen is to the rear and also fitted with a good range of modern units.

the hallway leads off from the front door in the opposite direction to the three bedrooms which are all a good size.

The flat comes with gas central heating and upvc double glazing. Mutley Plain, the University and Plymouth's City Centre are all a short walk away.


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North Hill Mutley
Plymouth PL4 8LA
County: Devon
Sale Type: Sold STC
Ref #: DFP09739
David Vernon
Falcon Property
P: 01752 600444
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