Hindhead says ..
This double fronted investment property comprises two studio flats, five one bedroom flats and a two bedroom flat. Situated a short walk from Plymouth University and the City Centre the property has a current net rental income of £55,740. Let on 6 month AST's this would make a great a...
Property Oracle says ..
This property in Whitefield Terrace, Plymouth, is described as a double-fronted investment property comprising two studio flats, five one-bedroom flats, and a two-bedroom flat. Its key selling point is its location, a short walk from Plymouth University and the city centre, making it attractive to renters. The current net rental income of £55,740 suggests a healthy return on investment.
The provided photographs offer a glimpse into the interior of some units. The condition appears acceptable for rental purposes; however, some areas might need attention. While the exterior of the building presents a presentable appearance, there is limited information on the actual square footage. The property lacks a substantial garden, as indicated by the listed 0.00 sqft plot size.
The listing price of £550,000 requires further scrutiny. Without square footage details for individual units, a precise evaluation of the value per square foot is impossible. While the rental income is a strong indicator, the overall condition of the property and potential repair costs should be considered for a full evaluation of the price’s justification. A comparison with similar investment properties in the area with similar square footage data would allow for a more robust price analysis.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 8
- Bathrooms
- 8
- Sqft (est)
- 806.32
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 172,750.00 £Decreased by 26.23 %
- Est sale value
- 162,876.64 £Decreased by 27.60 %
- Average area rental value
- 822.00 £/moIncreased by 45.49 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 5.71 %Increased by 96.90 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Hindhead marked this listing as sold.
Hindhead created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Mount Street Primary School | Academy Sponsor Led | 0.47 KM | |
| Holy Cross Catholic Primary School | Academy Converter | 0.47 KM | |
| Plymouth High School For Girls | Academy Converter | 0.69 KM | |
| Salisbury Road Primary School | Academy Converter | Requires improvement | 0.72 KM |
| Plymouth College Of Art | Higher Education Institutions | Good | 0.79 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Opie Lane | £ 0 | 0 | 0.00 KM |
| Monica Walk | £ 230,000 | 0 | 0.00 KM |
| Olivia Court | £ 0 | 0 | 0.00 KM |
| Woodside | £ 202,500 | 0 | 0.00 KM |
| Hill Park Crescent | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Plymouth | 3580 | PLY | 1.41 KM |
| Devonport | 3579 | DPT | 4.43 KM |
| Dockyard (Devonport) | 3588 | DOC | 5.04 KM |
| Keyham | 3571 | KEY | 5.62 KM |
| St Budeaux Ferry Road | 3590 | SBF | 6.82 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Whitefield Terrace, Greenbank Road, Plymouth, Devon, PL4 | £ 100,500 | BUY | Unknown | 0.00 KM |
| Whitefield Terrace, Greenbank Road, Plymouth, Devon | £ 170,000 | BUY | 6 / 10 | 0.00 KM |
| Whitefield Terrace, Greenbank Road, Plymouth, Devon | £ 150,000 | BUY | Unknown | 0.01 KM |
| Woodland Terrace, Plymouth | £ 120,000 | BUY | 5 / 10 | 0.07 KM |
| Baring Street, Greenbank, Plymouth | £ 130,000 | BUY | Unknown | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 13 Baring Street | £ 165,000 | 0.09 KM |
| 4 Baring Street | £ 229,000 | 0.09 KM |
| 12 Baring Street | £ 131,000 | 0.09 KM |
| 15 Baring Street | £ 175,000 | 0.09 KM |
| 3 Baring Street | £ 189,500 | 0.09 KM |