Summary - Houndiscombe Road, Plymouth PL4 6HB
59 bed 59 bath House
High-yield, ready-to-run purpose-built accommodation close to campus.
- 59 en‑suite rooms within 10 self‑contained apartments
- Purpose‑built student/professional accommodation, freehold
- Producing £374,500 per year when fully let (current figure)
- Excellent condition throughout, fitted kitchens and communal areas
- Prime central location; walking distance to university campus
- Limited private outdoor space; modest street frontage
- Area classified as deprived; tenant turnover likely with students
- Large scale asset; requires on‑site management and maintenance
A substantial purpose-built block on Houndiscombe Road, arranged as 59 en‑suite rooms across 10 self-contained apartments. Designed for high‑density rental, the building is in excellent condition and ready for occupation, with fitted kitchens and communal areas in each apartment.
Currently capable of producing £374,500 per annum when fully let, the property offers an attractive yield for buy‑to‑let investors targeting students and young professionals. Its central Mutley location places it within comfortable walking distance of the university campus, public transport and a wide range of city amenities.
Buyers should note the asset is in a deprived area classification and presents limited private outdoor space; close management is likely given student turnover and communal facilities. The freehold tenure and purpose‑built layout simplify operational planning, but refurbishment potential is limited compared with a full redevelopment site.
Overall, this is a high‑yield investment aimed at purchasers seeking immediate rental income from a ready‑to‑operate student/professional accommodation block rather than a long‑term residential conversion project.
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