Houndiscombe Road, Plymouth PL4 4 bed block of apartments for sale

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Houndiscombe Road, Plymouth PL4 4 bed block of apartments for sale

Houndiscombe Road, Plymouth PL4
£375,000

Price History

Initial price £400,000
03/10/25 £375,000
Price Change -6.25%

Description

This property is a well-maintained building with four stylish and fully let flats, generating a total income of £42,911 per annum with a projected yield of 10.7% exclusive of bills. The flats, each with its own unique features, are located in the popular Mutley area of Plymouth, close to the city centre, train station, and Plymouth University. The building offers modern layouts, neutral décor, and communal areas including a secure entrance, post-boxes, and a shared laundry room. The flats are let at £8,750, £11,161, £12,000, and £11,000 per annum, respectively, making it an excellent turnkey investment opportunity.