1-bed apartment for sale, 19 m²

Plymouth

1 bedroom1 bathroom

71.103 €

3.742 €/m²

Listed Oct 2, 2026

About this listing

A modern studio in a prime PL4 location delivering an impressive 17% gross yield and long lease of 243 years. Tucked away in a really convenient central spot, within a short walk of the university, city centre, Barbican and train station, this smart first-floor studio is ideal for a buyer looking for something simple to add to your portfolio. The layout has been designed to make the most of the space, offering a bright open-plan feel that combines the kitchen, living and sleeping area. From an investment perspective, the property is let agreed at £850 PCM, with new tenants due to move in early April via City Lets, providing immediate income from day one. This equates to £10,200 per annum, delivering an attractive gross yield of approximately 17% at the asking price of £60,000. The combination of a secured tenancy and strong return makes this a compelling, ready-made investment opportunity. The kitchen is modern and practical, with integrated appliances and good worktop space everything you need without overcomplicating things. There is also a separate shower room, finished in a clean, neutral style, keeping the overall feel low-maintenance and easy to manage. The accommodation comprises: Kitchen/Living Room: 3.84m x 4.88m (12’7” x 16’0”) Shower Room: 1.89m x 2.40m (6’2” x 7’11”) Total Area: approx. 18.7 sq m (202 sq ft) Investment Snapshot With an expected rental income of £185 per week (£9,620 per annum), this would produce an approximate 16% gross yield based on a £60,000 purchase. For Plymouth where many investments sit closer to the 10–12% range this represents a strong return, particularly for a property that’s ready to go. Leasehold Information Marvell House has recently gone through a Right to Manage process, and Liskeard Property Management have now taken over the day-to-day management of the building. Since taking over, they have issued a new service charge budget for 2026/27, giving a much clearer picture of the ongoing running costs. There have also been a number of fire safety and communal works carried out within the building, with further clarification still awaited regarding the proposed AOV/Section 20 works and whether these are included within the current budget or will be charged separately. The current service charge for Marvell House is £1,528.18 per annum, approximately £127 per month. This covers the general running and maintenance of the building, including management, cleaning, general repairs, fire safety servicing, heating plant maintenance, communal water and electricity. Buildings insurance is charged separately by the freeholder. Agent Note: We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence. There's no obligation to use our recommended providers. In accordance with current Anti-Money Laundering (AML) regulations, all prospective purchasers are required to provide valid identification documents before a sale can be agreed and solicitors formally instructed. To facilitate these checks, a one-off charge of £36 (inclusive of VAT) applies. We kindly request that this cost be covered by you as part of the purchase process. Agent Note: We may introduce buyers and sellers to selected conveyancers, mortgage advisors, and surveyors. You are under no obligation to use these services; however, if you choose to proceed, we will receive a referral fee of £100 (inclusive of VAT). In line with Anti-Money Laundering (AML) regulations, all purchasers will be required to provide identification before a sale can be agreed. A one-off charge of £36 (inclusive of VAT) applies for these checks, payable by the purchaser.

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Listed on

Rightmove

71.103 €