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A smart, modern first-floor studio in a prime PL4 location, offering a strong 17% gross yield and a long 243-year lease. Perfectly positioned within walking distance of the university, city centre, Barbican and train station, this is an ideal low-maintenance investment or first step onto the property ladder. The property features a bright open-plan layout with a modern fitted kitchen, separate shower room, and an efficient, well-designed living space ready to go.
A modern studio apartment in a prime PL4 location, offering an impressive 17% gross yield and a long lease of approximately 243 years.
Tucked away in a convenient central position, within easy walking distance of the University of Plymouth, city centre, Barbican and train station, this smart first-floor studio offers a straightforward, ready-made investment opportunity.
The accommodation makes good use of the available space, with a bright open-plan kitchen, living and sleeping area. The kitchen is modern and practical, with integrated appliances and useful worktop space, while the separate shower room is finished in a clean, neutral style.
The property is currently let at £850 PCM, providing an annual rental income of £10,200. Based on the asking price of £60,000, this represents a gross yield of approximately 17%.
With a strong rental return and central location, this provides an appealing addition to an investment portfolio.
Accommodation
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
Asking Price: £60,000
Rental Income: £850 PCM
Annual Income: £10,200
Gross Yield: Approx. 17%
Lease: Approx. 243 years remaining
Leasehold Information
Marvell House has recently undergone a Right to Manage process, with Liskeard Property Management now responsible for the day-to-day management of the building.
The current service charge budget for 2026/27 is £1,528.18 per annum, approximately £127 per month. This covers the general management and maintenance of the building, including cleaning, general repairs, fire safety servicing, heating plant maintenance and communal water and electricity.
Buildings insurance is charged separately by the freeholder.
A number of fire safety and communal works have recently been carried out. Further works relating to the proposed AOV system are expected to be charged separately, with the final cost yet to be confirmed.
Under the terms of the lease, the permitted use is student accommodation. The property is currently occupied by professional tenants and clarification is being sought regarding consent for this alternative use.
Agent Note
We may introduce buyers and sellers to selected conveyancers, mortgage advisers and surveyors. There is no obligation to use these services; however, if you choose to proceed with one of our recommended providers, Francis Stuart may receive a referral fee of £100 inclusive of VAT.
In accordance with Anti-Money Laundering regulations, all prospective purchasers are required to provide identification before a sale can be agreed. A one-off charge of £36 inclusive of VAT applies for these checks and is payable by the purchaser.
