Summary - 166 ALEXANDRA ROAD MUTLEY PLYMOUTH PL4 7EH
6 bed 2 bath Terraced
Ready-made six-bed HMO near Plymouth University — investment with character.
Six-bedroom licensed HMO, currently compliant and let-ready
Double-fronted Victorian bay with high ceilings and period character
Gas central heating and double glazing (installed post-2002)
Compact modern kitchen plus separate utility and downstairs WC
Fully enclosed rear garden; small plot and compact communal space
Area is deprived with above-average crime; affects insurance/management
Stone walls likely uninsulated — consider retrofit and energy upgrades
No onward chain — quicker sale and re-let possible
A substantial double-fronted Victorian terrace arranged over two floors, currently configured and licensed as a six-bedroom HMO. The property benefits from gas central heating, modern double glazing (installed post-2002) and a compact modern kitchen with separate utility — making it ready for immediate rental occupation with established HMO use.
Situated close to Plymouth University, the city centre and local amenities, this house targets students and young professionals seeking shared accommodation. The enclosed rear garden and original period features (high ceilings, bay windows) improve tenant appeal and help maintain strong demand in this location. There is no onward chain, which supports a quicker sale and re-let process.
Practical considerations: the building is of traditional sandstone/limestone construction likely without wall insulation, and the area is classed as deprived with above-average local crime — factors that affect running costs, insurance and long-term tenant profile. Plot and overall property size are small compared with modern stock, so communal spaces are compact. Council tax band is unknown and should be confirmed for operating-cost accuracy.
This is a straightforward turnkey HMO investment with immediate income potential, but buyers should allow budget for ongoing maintenance, possible insulation upgrades, and management plans that reflect the neighbourhood profile.
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