Fully let student house producing £30,000 annual rental income
A centrally located, purpose-suited student investment with immediate income. This mid-terrace Victorian house in North Hill is fully let on assured shorthold tenancies to students, producing £30,000 pa with agreements running through August 2026. The property is freehold and arranged over two floors with five double letting rooms, two shower rooms, a comfy lounge and a modern kitchen/diner.
The accommodation is presented to a good standard and benefits from double glazing, gas central heating and a recently fitted kitchen/diner that helps maintain high occupancy. Proximity to the University of Plymouth, Mutley Plain and the train station supports strong demand and straightforward re-let prospects for future academic years.
Known issues and practical points are spelled out: the building is a small-footprint Victorian terrace (constructed before 1900) with granite walls assumed to lack insulation, an EPC rating of D, and a compact plot with limited external space. The local area shows higher crime rates and the neighbourhood is classified as a student-dominated, deprived urban area — factors to weigh when budgeting for management, insurance and long-term refurbishment.
For a buyer seeking an entry-level or add-on student asset, this offers instant cashflow and solid proximity-driven demand. Budget for ongoing management and potential thermal improvements if planning longer-term capital value gains.
