Guide Price £90,000 to £100,000
Ryder Road is a spacious and well-presented one-bedroom first floor flat, arranged over two levels with its own private entrance and occupying a prominent corner plot, offered to the market with no onward chain.
Available to both owner occupiers and investors, the property offers strong investment credentials, with a potential rental income of approximately £775 per calendar month (£9,300 per annum), representing an attractive gross yield of around around 10.3% subject to agreed purchase price. The property also benefits from a long lease with over 900 years remaining.
Situated within the well established and highly convenient district of Stoke, the property combines excellent internal space, a practical layout and a location that continues to perform well with both tenants and owner occupiers alike.
The property is accessed via its own private entrance, leading to a central landing which provides access to all rooms, creating a natural and well-balanced flow throughout. The lounge/diner is a particularly strong feature, measuring over 15ft in both directions and offering a versatile living space with ample room for both seating and dining. The shape of the room adds character while enhancing the overall sense of space.
The bedroom is a generous double, comfortably accommodating additional furniture, while the bathroom is clean, crisp and easily accessible from the landing.
The kitchen has been modernised and offers a smart, contemporary finish, with a wraparound design that maximises both storage and worktop space.
Overall, the property extends to approximately 688 sq ft, which is an excellent size for a one-bedroom flat and gives it a more substantial feel than many comparable properties currently on the market.
From an investment perspective, the property performs particularly well. Based on a rental figure of onwards of £775 per calendar month, the property would generate an annual income of approximately £9,300, equating to a gross yield in the region of 9%–10% depending on purchase price.
The property benefits from a satisfactory Electrical Installation Condition Report and a valid Gas Safety Certificate. The gas safety certificate is valid until September 2026, with the next electrical inspection recommended in July 2026, providing reassurance that the property is compliant and ready to go.
Tenure is another key strength, with a long lease of approximately 967 years remaining and a nominal ground rent of just £1 per annum, making it both attractive and widely mortgageable.
Stoke remains one of Plymouth’s most consistently popular residential areas, known for its attractive period homes and strong community feel. The property is ideally located for access to Devonport Dockyard (approximately 1.2 miles), Central Park, the Life Centre and Home Park, as well as Plymouth City Centre, which offers a wide range of shops, restaurants and transport links.
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.
