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Hermitage Road‚ Plymouth‚ PL3
This property, located at Hermitage Road in Plymouth, offers a fantastic opportunity for both real estate investment and lifestyle purchase. From a buyer's perspective, the five-bedroom period home features a stunning exterior and is situated in the highly coveted Hyde Park / Peverell area. With a price tag of £375,000, it offers a great value for money, especially considering its prime location and the large living space it provides. From an investment perspective, the property's location in a popular neighborhood is a strong point. This promises high rental demand and potential for capital appreciation over time. The property's large five-bedroom layout makes it an attractive option for families or groups of professionals looking for spacious accommodations, which can result in a competitive market for tenants. The estimated gross rental income for this property is £18,750 per annum, based on an average yield of 4.75%. This yield is within the average range for similar properties in the area, indicating good investment potential. In terms of lifestyle, the property offers a comfortable and spacious living environment with enough room for a growing family or for entertaining guests. The prime location in Hyde Park / Peverell means that residents will have easy access to local amenities, schools, and transport links. The neighborhood is known for its picturesque surroundings and close-knit community, offering a desirable living environment for those who value a calm and attractive location. In conclusion, this property at Hermitage Road in Plymouth presents a compelling opportunity for both real estate investors and individuals seeking a spacious and centrally located home. Its prime location, large layout, and competitive price make it an attractive prospect for both lifestyle and financial reasons.