Terraced house for sale / Melbourne Street, Stonehouse, Plymouth, Devon, PL1 5HQ

A fantastic ready-to-go investment opportunity occupying an extremely convenient central position with excellent access into Plymouth City Centre. The property has been cleverly arranged over three floors to provide three individual self-contained one-bedroom flats, making this an attractive proposition for investors seeking strong rental income. Two of the flats are currently let, with the third expected to be let shortly. Once fully occupied, the property is currently anticipated to produce an income of approximately £19,200 per annum, representing a gross return of around 11.2%. Each floor provides a one-bedroom flat, with all three benefiting from gas central heating and UPVC double glazing. There is also a useful parking area to the rear. The location further enhances the appeal, with the property positioned close to Plymouth City Centre and its extensive range of shops, restaurants, leisure facilities and transport links. To the rear is the open green space of Melbourne Green, while a children’s playground is also just a few hundred yards away. A superb investment opportunity offering three separate rental units, strong income potential and an impressive gross return.