Summary - 93 ALEXANDRA ROAD MUTLEY PLYMOUTH PL4 7EF
8 bed 2 bath House
Eight-bedroom Mutley property with immediate income and recent safety upgrades.
Fully let 8-bedroom HMO producing £54,080pa (12.7% gross yield)
This eight-bedroom end-of-terrace HMO on Alexandra Road, Mutley, offers a proven income stream and immediate rental scale. Fully let with an annual income of £54,080, it delivers a quoted 12.7% gross yield at the current asking price, making it a strong pick for buy-to-let portfolios targeting students and young professionals.
The property is practical for multi-occupancy: two bathrooms, a communal lounge, a secondary kitchen and dedicated laundrette, plus a downstairs WC. Recent safety and mechanical upgrades include a new Grade 1 fire alarm, new boiler and a new fuse box — all reducing near-term capex and helping maintain compliance for an HMO operation.
Externally the plot is small with a rear garden that needs restoration; the building is period granite construction (c.1900–1929) and likely lacks cavity insulation. The area is a cosmopolitan, student-focused neighbourhood with fast broadband and excellent mobile signal, but it sits in a deprived ward with above-average crime statistics — factors to weigh for long-term management and insurance costs.
This is a hands-on income asset: attractive yield and immediate cashflow, but expect ongoing management, routine maintenance and potential thermal upgrade costs. Suited to experienced investors or operators who can maintain tenant demand in Mutley Plain’s competitive rental market.
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