Lipson Road
- Sale by modern auction (t&cs apply)
- Subject to an undisclosed reserve price
- Buyers fees apply
- Five self contained apartments
- Three, 1 bedroom flats
- Two, 2 bedroom flats
- Approx. £35,000 annual rental income
- Attractive residential investment opportunity read more show less
Council Tax Band: D
Tenure: Freehold
The property offers an attractive mix of three one-bedroom and two two-bedroom apartments, providing excellent diversification across multiple rental units and strong appeal to a broad tenant market.
The accommodation briefly comprises: Ground Floor- Two separate one-bedroom flats
First Floor- One one-bedroom flat and one two-bedroom flat
Second Floor- One two-bedroom flat.
The property extends to approximately 2,526 sq ft and provides a well-balanced combination of accommodation, with each apartment benefiting from its own living, kitchen and bathroom facilities.
The property also comes with a useful size garage.
With five independent rental streams, this is an appealing proposition for both experienced landlords and investors seeking to expand an existing portfolio. The current rental income of approximately £35,000 per annum equates to around £2,916 per calendar month, with potential for future rental growth, subject to the local market and tenancy arrangements.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.Gff 1
Lounge
14' 5" x 14' 4" excluding bay ( 4.39m x 4.37m excluding bay )Kitchen
7' 10" x 6' 10" ( 2.39m x 2.08m )Bathroom
Bedroom
10' 10" x 6' 3" ( 3.30m x 1.91m )GFF 2
Kitchen
12' 10" x 12' 8" ( 3.91m x 3.86m )Lounge
12' 8" x 6' 8" ( 3.86m x 2.03m )Bedroom
12' 8" x 7' 9" ( 3.86m x 2.36m )Bathroom
FFF 3
Lounge
24' 3" into bay x 10' 10" ( 7.39m into bay x 3.30m )Kitchen
6' 10" x 6' 2" ( 2.08m x 1.88m )Bedroom 1
11' 6" x 8' 3" ( 3.51m x 2.51m )Bedroom 2
11' 4" x 6' 2" ( 3.45m x 1.88m )Bathroom
FFF 4
Living Room
12' 8" x 10' 11" ( 3.86m x 3.33m )Bedroom
Kitchen
9' x 7' ( 2.74m x 2.13m )Bathroom
TFF 5
Lounge
16' x 10' 9" ( 4.88m x 3.28m )Bedroom 1
11' 6" x 8' 3" ( 3.51m x 2.51m )Bedroom 2
10' 9" x 6' 6" ( 3.28m x 1.98m )Kitchen
Bathroom
Utility supply:
- Electric Mains Supply
- Water Mains Supply
- Heating Gas Central
- Broadband Cable
- Sewerage Mains Supply
Rights and restrictions:
- Private rights of way Ask agent
- Public rights of way Ask agent
- Listed property Ask agent
- Restrictions Ask agent
Risks:
- Flooded in last 5 years Ask agent
- Flood defences Ask agent
- Source of flood Ask agent
Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
PLYMOUTH
Devon
PL4 7AA
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.