GROSS RENT / YIELD
£6,600 / 6.7%
NET RENT / YIELD
£4,759 / 4.8%
Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla
The higher the yield the stronger the return on investment.
1 reception room
**Sales Trends ** Prices in PL5 have increased 20% over the last 5 years (+2% over the last 12 months) and are £192k which varies by property type (£93k-£245k). There have been 38 properties sold in the area in the last 12 months.
By comparison, prices in Plymouth PL are £192k (+1% over last 12 months) which also varies by property type and size (£86k - £303k). There have been 755 properties sold in the entire PL area.
**Rental Trends ** Rents in PL5 are now at £640 per month (-1% over the last 12 month). Given prices in the area, gross yield is currently 4.9% which is higher than the national average of 4.7% and Plymouth PL of 4.7%. By comparison, rents in Plymouth PL are less at £635 per month (+1% over the last 12 months) and achieve a lower rental yield of 4.7%.
This property is currently achieving a gross yield of 6.7% which is higher than both PL5 (4.9% and Plymouth wider area (4.7%)
Last updated - Feb 2019
£6,600 p.a. / £550 pcm
TENANCY AGREEMENT STARTED
over 3 years ago
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
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GROSS RENT PER ANNUM
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All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.
St Austell is a town in the county of Cornwall which is the westernmost part of the south west peninsula of Great Britain. This town is situated 10 miles south of Bodmin and 30 miles west of the border of Devon.
This area is serviced by St Austell railway station which is on the Cornish main line and is managed by Great Western Railway. Great Western Railway operates services to or from London Paddington via Exeter St David’s, including the Night Riviera overnight sleeping service. CrossCountry also operate a limited service to destinations such as Birmingham New Street, Wolverhampton, Manchester, Leeds and Glasgow Central.
There is a variety of retail options in town concentrated around the town centre where one can find the White River Place shopping centre. The White River Place features around 20 stores and services. In the surrounding area there are several public houses, an array of high street retailers and several independent stores catering for the booming tourism industry. The town centre also features a museum which is situated in Market House, a brewery museum and a visitor centre.
St Austell’s economy is historically associated with the china clay industry and it has for a long time been the centre of the china clay industry in the UK. The china clay industry still employs over 2,200 people in the local area. Cornwall’s economy is heavily dependent on tourism, which accounts for around a quarter of the economy and brings in over £1.85bn a year to the area. St Austell is very similar in this regard and the tourism industry here accounts for a lot of people’s livelihoods. Attractions such as the Eden Project and the Lost Gardens of Heligan are some of the most popular sites to visit in town.
This location could be ideal for your young families looking for school options for their children. There are three comprehensive schools in town, Politar School, Penrice Academy and Brannel School, all of which include a sixth form. For those looking for educational options for younger children there is Mount Charles School and Carclaze Community Primary School.
Blowing House Close,
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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