Swift Estate Agents says ..

Property Oracle says ..

This property is an 8-bedroom terraced house located on Addison Road in North Hill, Plymouth, marketed as a student investment opportunity. Its proximity to Plymouth University and Plymouth city centre, along with the nearby train station, contributes significantly to its appeal as a rental property. The current annual rental income of £48,000 is a key feature highlighted by the listing agent. The provided image shows that the property is currently undergoing external renovations which include re-painting. This is a positive sign, suggesting at least some ongoing maintenance efforts. However, the image provides only a limited view of the property’s condition, and further investigation would be required to assess the internal state and identify potential issues. The lack of garden space is typical for properties in this location and is clearly indicated by the listing. While the list price is £425,000, a definitive assessment of its value relative to the market requires more comprehensive data on comparable properties, specifically their square footage, as this data is missing from the majority of listings provided. Nevertheless, based on the available information, particularly the substantial rental income, the list price appears to be within a reasonable range for such an investment property in this area.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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