Studio for sale

Affordable Leasehold Student Investment Property near University in Devon

Looking for an excellent investment opportunity? Look no further! We are delighted to present this purpose-built studio apartment for sale, situated in a prime location just moments away from the university and Plymouth Train Station. The property is an ideal choice for those looking to invest in the thriving rental market, particularly in student accommodation.

This studio apartment is the perfect unit for students, offering comfortable and convenient living spaces. With one bedroom, one bathroom, and a spacious reception area, this property ticks all the boxes for modern student living. The studio apartment comes with a separate kitchen, providing ample space for cooking and meal preparation.

One of the key highlights of this property is its strong rental income potential. Potential rent at £140 per week, the gross rental income amounts to a staggering £7,000 per annum. As a qualified leaseholder, you can benefit from a predictable and steady rental income stream while enjoying long-term appreciation of your investment. This makes it an enticing prospect for savvy investors looking to maximize their returns.

In addition to its impressive rental income, this leasehold property comes with a ground rent of £100 per annum and ground service charge amounting to £1,450. Rest easy knowing that qualified leaseholders and property management teams oversee the smooth running and maintenance of the building, ensuring that your investment is well protected.

The location of this property is unbeatable, especially for students. With the university and Plymouth Train Station just a stone's throw away, students will appreciate the easy commute and access to a range of amenities. The surrounding area offers a vibrant student atmosphere with cafes, restaurants, and shops catering to their needs.

When it comes to energy efficiency, this studio apartment boasts an impressive Energy Performance Certificate (EPC) rating of B. This means lower energy consumption and reduced utility bills, which is an attractive feature for tenants. Furthermore, the council tax band A ensures affordability for tenants, making it an appealing choice for prospective renters.

Please note that this property is available as a cash purchase only. If you are an investor looking for a great opportunity to expand your property portfolio, don't miss out on this fantastic chance to acquire a leasehold student investment property with excellent returns. Contact us today to arrange a viewing and secure your investment in Devon's lucrative student rental market.