9 bedroom end of terrace for sale

£445,000

9

Bedrooms

3

Bathrooms

Floorplan

SUMMARY '''EXCEPTIONAL INVESTMENT OPPORTUNITY COMPRISING THREE SELF-CONTAINED APARTMENTS'''
Discover a truly rare and exciting opportunity to acquire this substantial property, thoughtfully converted into three highly desirable, self-contained apartments. Each unit offers modern living and is situated in a sought-after location, making this a truly versatile building.

LOCATION Residents of Stonehouse benefit from an ever-growing array of local amenities. Independent cafes, convenient local shops, and traditional pubs contribute to a strong community feel. Its central location ensures that the extensive shopping, dining, and cultural attractions of Plymouth city centre, including the Theatre Royal and Drake Circus shopping centre, are just a short walk or bus ride away.

DESCRIPTION The property presents an ideal prospect for savvy investors seeking a strong rental yield, or for an extended family looking for independent living spaces under one roof with shared communal benefits.

Every one of the three apartments has been meticulously designed and finished to a good standard, ensuring comfortable and contemporary accommodation for all residents. Each unit comprises:

Three generous bedrooms which offer ample and flexible space, these rooms are perfect for residents or tenants, providing versatile living, sleeping, or even dedicated home office arrangements. The spacious sitting room is a bright and inviting area that serves as the heart of each apartment, ideal for relaxation, unwinding, and entertaining guests. Each apartment benefits from a sleek, contemporary, and well-appointed shower room, designed for convenience and style. The contemporary fitted kitchens are thoughtfully designed with both functionality and style in mind, these kitchens are ideal for modern living, providing everything needed for daily culinary pursuits.
The ground floor apartment holds an additional, particularly desirable benefit: direct access to a private, paved rear garden. This exclusive outdoor space offers a tranquil retreat for al-fresco dining, enjoying a morning coffee, or simply unwinding in the fresh air. Furthermore, the ground floor unit is offered to the market with no onward chain, ensuring a smooth and swift transaction, perfect for immediate occupancy or rental.

This entire property represents an outstanding investment, offering the potential for significant and diversified rental income from three individual units. Its prime location, combined with the high standard of renovation evident throughout and the added advantage of the ground floor garden, makes this a truly compelling and unique opportunity in the current market.

VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.

NOTICE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Simply conveyancing. It is your decision whether you choose to deal with Simply Conveyancing. In making that decision, you should know that we receive an annual payments benefits, equating to approximately 200 per referral.

Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 369825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 36075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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