28 Central Park Avenue, Plymouth, Devon, PL4
- PROPERTY TYPE
Apartment
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Student Accommodation investment
- £7000 PA Gross Income @ Current Rent £140 Per Week
- Close to Uni and Plymouth Train Station
- Ground Rent £1450 Ground Rent £100 PA
- Qualified Leaseholder
- Studio Apartment
- Cash Purchase Only
- Purpose Built Student Accommodation
- Studio Apartment with Separate Kitchen
- EPC B - Council tax band A.
Description
Are you looking for a lucrative investment opportunity in the heart of Devon? This studio apartment located at 28 Central Park Avenue could be your chance to secure a profitable student accommodation investment. With its prime location, excellent rental history, and attractive features, this property is perfect for investors seeking a steady rental income.
Studio Apartment with Excellent Income Potential
Situated in a prime location, this studio apartment is designed specifically for student living. With a spacious layout and modern features, it offers comfortable accommodation to students who desire proximity to educational institutions and a vibrant social scene. The apartment boasts a generous 23 square meters of space, providing ample room for students to relax and study.
Impressive Gross Income and Rental History
With a gross income of £7,000 per annum, this property offers a high return on investment. The current rent of £140 per week highlights its popularity among students, providing a consistent and reliable rental income. With the rising demand for student accommodation in the area, this apartment promises excellent potential for future rental growth.
Profit from Central Location
Located in Central Devon, this property offers unmatched convenience and accessibility. Easily accessible to universities, colleges, and transportation, it ensures a steady flow of tenants. Students will benefit from its proximity to academic institutions, shopping centers, entertainment venues, and local amenities. This prime location guarantees a high demand for student housing, ensuring a consistent occupancy rate.
Ground Rent and Maintenance Fees
The ground rent for this property is £1,450 per annum, making it an affordable investment opportunity with low ongoing costs. As a cash purchase only, you can avoid mortgage-related complexities and secure ownership quickly. This hassle-free investment allows you to maximize your returns and enjoy a hassle-free investment experience.
Energy Efficient and Profitable
With an Energy Performance Certificate (EPC) rating of B, this studio apartment demonstrates its commitment to energy efficiency and lower running costs. The energy-efficient features not only benefit the environment but also attract eco-conscious tenants. By offering a comfortable living space with reduced energy consumption, you can further enhance rental demand and profitability.
A Lucrative Investment Opportunity
The current rental income of £140 per week and the size of the apartment at 23 square meters equates to £1,250 per square foot. This indicates strong investment potential and an opportunity to generate impressive returns. With an affordable ground rent and low maintenance fees, this studio apartment presents an attractive investment proposition with minimal financial obligations.
Don't miss out on this chance to invest in a profitable student accommodation property in Central Devon. Secure your cash purchase today and start reaping the benefits of a lucrative rental income from this well-located studio apartment. Act now to take advantage of this exceptional opportunity. Contact us to arrange a viewing and explore the potential of this investment property.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Lift access
28 Central Park Avenue, Plymouth, Devon, PL4
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Visit our security centre to find out moreDisclaimer - Property reference SMT_SMT_LFSYCL_979_1178374924. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Smeaton Homes, Plymouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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