Summary - 8, LADYSMITH ROAD PL4 7NJ
6 bed 3 bath Terraced
Close to university with strong rental demand and upgrade potential.
- Six-bedroom HMO with three bathrooms and immediate rental income
- Projected 10% gross yield (buyer to verify)
- Close to Plymouth University, shops and public transport
- Small overall size and small rear plot
- Some damp and mould reported; requires modernization
- Double glazing installed after 2002; mains gas heating
- Mixed long-term and holiday lets currently in place
- Area shows deprivation and average crime; consider tenant mix
A six-bedroom terraced HMO close to Plymouth University, offered as a freehold investment with a projected 10% yield. The property is currently let to a mix of long-term and holiday tenants, producing income and sitting within easy walking distance of Mutley Plain shops and local transport links. Fast broadband and excellent mobile signal suit student or short-term lettings.
The building has been maintained in occupation but requires modernization and some remedial work. Image notes and inspection report references indicate damp and mould in parts of the property and general cosmetic wear; buyers should budget for refurbishment and confirm services, wiring and boiler condition before purchase.
This small-plot Victorian property benefits from double glazing fitted after 2002 and mains gas central heating. It will appeal to investor buyers seeking an HMO with immediate rental income and upgrade potential, but is less suitable for those wanting a turnkey, low-maintenance holding. Verify tenant agreements and survey findings to confirm achievable rents and any remedial costs.
Location strengths include proximity to multiple schools, shops, bus routes and local amenities, supporting consistent rental demand. Note the local area shows higher deprivation levels and average crime rates—factors to consider for long-term capital growth and tenant profiling.
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