Wyndham Square, Devon PL1 6 bed terraced house for sale

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Wyndham Square, Devon PL1 6 bed terraced house for sale

Wyndham Square, Plymouth, Devon, PL1
£360,000

Price History

Initial price £450,000
14/08/24 £425,000
06/11/24 £375,000
17/01/25 £360,000
Price Change -20.00%

Description

This unique portfolio consists of six self-contained one-bedroom apartments, five of which are currently occupied, offering a hassle-free rental business opportunity. The properties have been well-maintained and are in good condition, with some recently refreshed interiors. The portfolio generates circa £37,000 per annum, resulting in an 8% yield, with potential to increase to 10% with minor refurbishments and rental reviews. The properties also include a shared concrete space with laundry and outdoor drying lines, providing a communal area for tenants. With long-term relationships already established with many tenants, this opportunity is primed for a new owner to step in and enjoy a stable and profitable rental income stream.