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Situated on the fourth floor of Mayfair House in Plymouth, this studio apartment presents an excellent opportunity for both investors and first time buyers. Its prime location ensures easy access to Plymouth s bustling town centre, where a variety of shops, restaurants, and amenities are within walking distance.
This well designed property features an open plan lounge and bedroom area, offering a versatile living space suitable for a range of lifestyles. A notable highlight of the apartment is the Juliet balcony, which allows for an abundance of natural light to fill the room while providing an airy ambiance.
The apartment is equipped with electric heating, ensuring a comfortable living environment throughout the year. The accommodation also includes a bathroom, which has been maintained to a good standard, and a compact yet functional kitchen area, making the most of the available space.
For prospective investors, this property offers a potential rental return of approximately £650 per calendar month, making it a lucrative addition to any property portfolio. Additionally, the property is categorised under Council Tax Band A, which is advantageous in terms of affordability for tenants or owners alike.
First time buyers will appreciate the manageable service charges and ground rent associated with this apartment. The service charge is £1,450 per annum, with an additional ground rent of £100 per annum. This makes the property a cost effective and sensible entry point into property ownership. The Energy Performance Certificate EPC rating of C74 further highlights the energy efficiency of the home.
While the property does not include parking, its proximity to public transport links and the town centre minimises the need for a private vehicle. Residents will benefit from the convenience of urban living, with everything Plymouth has to offer right on their doorstep.
Whether you are looking for an investment opportunity with a strong rental yield or a first home in a vibrant location, this studio apartment in Mayfair House is well worth considering. Contact us today to arrange a viewing and explore the full potential of this property.
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