5-bed apartment for sale, 182 m²

Plymouth

5 bedrooms2 bathrooms

271.345 €

1.491 €/m²

Listed Sep 22, 2026

About this listing

Guide Price £230,000 – £240,000 Francis Stuart are pleased to offer this substantial multi-unit investment on Arundel Crescent, comprising two spacious self-contained maisonettes, currently let to professional families and producing a combined income of £18,600 per annum. For an investor looking for a largely turnkey investment with established tenants, income from day one, rental growth potential and more than one longer-term exit strategy, this represents a strong opportunity at £230,000 – £240,000. The property is being sold as one complete investment, comprising two separate leasehold flats with the freehold included in the sale at no additional cost. Rental Growth & Investment Strategy With established long-term tenants already in occupation, this is an investment we would see primarily as a hold-and-income opportunity, rather than one requiring immediate refurbishment or tenant changes. Our suggested approach would be to retain the existing tenancies, benefit from the income from day one and review rents appropriately over time in line with market values and the requirements of the Renters’ Rights Act 2025. The current rental income is £18,600 per annum, representing a gross yield of approximately 8.09% based on £230,000, with scope for this to grow over time as rents are reviewed. For comparison, in today's market the expected rent would be £1,100–£1,200 pcm per maisonette, producing a combined potential income of approximately £26,400–£28,800 per annum, representing a potential gross yield of 11.48%–12.52% based on £230,000. Arundel Crescent presents as a largely turnkey investment, with both maisonettes already occupied by established tenants and income in place from day one. From our inspection, there are no obvious immediate works required, aside from a small area of blown render which the seller is currently looking into. This gives an investor the benefit of existing income from day one, established tenants and clear scope to improve the return over the longer term. Both maisonettes are held on separate leasehold titles, with leases dated 20 November 2007 for a term of 125 years from 29 September 2007. As part of the sale of the complete building, the seller will also transfer the freehold interest to the purchaser at no additional cost. The buyer will therefore acquire both leasehold properties together with the freehold of the building. EPC & Compliance Both maisonettes currently hold an EPC rating of C, with both certificates valid until 21 October 2035. EICR and gas safety documentation have been requested and are currently awaited. Longer-Term Exit Potential The building also offers flexibility for an investor further down the line. We currently estimate the combined vacant value of the two maisonettes at approximately £270,000 if sold separately, subject to condition and market conditions at the time.

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Rightmove

271.345 €