Ready-income HMO in a student-focused city location near transport and amenities.
- Fully let five-bedroom terraced property producing £30,720 gross pa
A fully let five-bedroom terraced investment in central Plymouth, currently producing a gross rental income of £30,720. The property sits in a cosmopolitan, student-digs neighbourhood close to transport links and local amenities, with a large communal room, kitchen, bathroom and shower room supporting stable HMO-style occupancy.
Accommodation includes generous bay-fronted letting rooms, a large L-shaped communal room that opens to an enclosed courtyard, and a single garage with rear access. The building benefits from mains gas central heating, UPVC double glazing and a functioning Worcester boiler; overall size is average at about 1,561 sq ft across multiple storeys.
This mid-terrace Victorian property offers reliable rental cashflow and redevelopment potential for an investor willing to update interiors. Some rooms and communal areas show dated finishes and the solid-brick walls are likely uninsulated, so consider refurbishment to improve EPC and rental yield. Crime in the area is above average—factor security and management costs into operating assumptions.
Sold freehold, the purchase suits buy-to-let investors seeking immediate income in a student-focused market. Tenants currently occupy all rooms, but no appliances or systems have been tested; a pre-purchase survey and gas/electrical checks are recommended to confirm condition and compliance before completion.
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