Summary - 33 PROSPECT STREET PLYMOUTH PL4 8NY
7 bed 2 bath Terraced
HMO-ready terraced property with immediate rental income and upgrade potential.
Seven bedrooms and two bathrooms, HMO-compliant and pre-let until Aug 2026
A seven-bedroom mid-terrace offered as a freehold investment in a cosmopolitan student neighbourhood. The property is currently pre-let until August 2026 and already meets Plymouth City Council HMO standards, making it immediately income-producing for a landlord or portfolio investor. Broadband and mobile connectivity are strong (Virgin/Openreach fibre; excellent mobile signal), supporting student and professional tenants.
Constructed before 1900 with granite or whinstone walls, the house combines Victorian features (high ceilings in some bedrooms) with a modernised open-plan living/kitchen area. The heating is mains gas with a boiler and radiators; EPC is 64 and council tax is band B (relatively cheap), helping running-cost visibility for buyers.
Buyers should note material issues: the building likely lacks wall insulation (assumed), the double glazing was installed before 2002 and may be nearing replacement, and there is no on-site parking — the property sits in a permit zone. The surrounding area is classified as very deprived and popular with students, which supports rental demand but can impact long-term capital-growth assumptions.
Overall, the house suits an investor seeking an HMO-ready, let property with immediate cash flow, or a buyer willing to manage student tenancies. There is scope to improve energy efficiency and tenant yield through targeted upgrades, but these will require capital outlay and planning around the existing tenancy to 2026.
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