Summary - 37 LISSON GROVE PLYMOUTH PL4 7DL
6 bed 2 bath Terraced
Chain-free six-bedroom HMO near Plymouth University — strong income, renovation potential..
Six double bedrooms arranged over three floors, high rental demand
Currently generating £32,400 per annum; one room vacant
Front and rear gardens; decent plot adds tenant appeal
Victorian features: bay windows, high ceilings, original stonework
Needs renovation in places; external mold and ivy present
EPC D; granite walls likely uninsulated — energy upgrades advised
High local crime and area deprivation may affect lettings
Freehold, chain-free — straightforward purchase for investors
Set over three floors in Mutley, this six-double-bedroom terraced property is positioned for steady rental income and future value uplift. Currently generating £32,400 pa with one room vacant, it suits investors targeting students and professionals close to Plymouth University and local amenities.
The house retains many Victorian features — bay windows, high ceilings and period stonework — and benefits from double glazing and mains gas central heating. Practical spaces include a sitting room, modern fitted kitchen, boiler/utility room, bathroom and separate shower room. Front and rear gardens and a decent plot add rental appeal and outdoor space for tenants.
The property requires some renovation and cosmetic updating in places; exterior stonework shows ivy and areas of mould that need attention. EPC rating D and assumed uninsulated granite walls indicate potential energy-efficiency improvements that could reduce running costs and increase rental value. High local crime and wider area deprivation are material factors for managing and pricing lettings.
Offered freehold and chain-free, this is a straightforward purchase for a hands-on investor. With sensible refurbishment and management, there is clear scope to maximise occupancy and rental yield in this popular student/professional neighbourhood.
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