Block of flats for sale

Molesworth Road, Plymouth PL1

High-Yield Freehold Investment – Fully Let Block of Four Flats

National Residential are pleased to present this impressive Grade II listed freehold block of four self-contained flats, offering an outstanding investment opportunity in a high-demand rental area of Plymouth.

Key Investment Highlights:
• Fully Let & Income Generating – Currently achieving a gross annual rental income of £31,020 (£2,585 per month).
• Strong Yield Potential – This property presents an excellent opportunity for investors, with the potential to achieve a high gross rental yield relative to market value.
• No Running Costs – With no service charges or additional ground rent, this is a low-maintenance investment.
• Stable Tenant Demand – Popular residential location with strong rental appeal.

Property Layout & Features:
• Flat 1 (Ground Floor, 1-Bedroom) – Lounge, kitchen, bathroom, and bedroom.
• Flat 2 (First Floor, 1-Bedroom) – Open-plan lounge/kitchen, shower room, and bedroom.
• Flat 3 (Second Floor, 1-Bedroom) – Lounge, kitchen, bathroom, and bedroom.
• Flat 4 (Duplex, 2-Bedroom, 2-Bathroom) –
o Ground Floor: Open-plan lounge/dining room and kitchen with access to private courtyard.
O First Floor: Two bedrooms, master with en-suite, plus a separate bathroom.

Prime Location & Tenant Demand:
• Centrally Located – Just a short walk to Plymouth City Centre and University.
• Excellent Transport Links – Easy access to the train station, A38, and local bus routes.
• Strong Tenant Pool – Close to Devonport Dockyard, local schools, and higher education institutions.
• Vibrant Local Amenities – Situated near Stoke Village, with shops, cafés, supermarkets, and parks nearby.

Why Invest?
This fully tenanted freehold block offers instant rental income with a strong yield and no additional costs. Located in a prime area with consistent demand, this is a turnkey investment that delivers long-term capital growth potential.

Viewings are highly recommended. Contact our specialist sales team today to secure this high-performing investment!

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.