Ready-made HMO in central Mutley — income-generating Victorian terrace with renovation potential..
- Double-fronted Victorian mid-terrace with strong kerb appeal
- Five double bedrooms and two shower rooms, HMO layout
- Fully occupied by quality professional tenants, immediate income
- Enclosed paved rear courtyard; small urban plot
- Double glazing and mains gas heating present
- Pre-1900 walls assumed uninsulated; retrofit likely needed
- Possible historic damp issues reported; survey recommended
- No onward chain; freehold tenure
A substantial double-fronted Victorian mid-terrace in central Mutley, offered as a fully occupied House in Multiple Occupation with no onward chain. The property spans five double bedrooms, two shower rooms and a kitchen/dining space, providing an immediate income stream from quality professional tenants. Its wide frontage, high ceilings and period bay windows give strong street presence and conversion/further rental potential.
Practical pros include mains gas central heating, double glazing installed post-2002 and fast broadband/mobile signal — useful for professional tenants. External space is limited to an enclosed paved rear courtyard with service lane access; the plot is small and urban in character. Council Tax Band C and freehold tenure are additional positives for an investor buyer.
Known drawbacks are factual and should be budgeted: the property is an older build (pre-1900) with granite/whinstone walls assumed to lack modern wall insulation, and there are potential historic damp issues noted in description — these may require investigation or remedial work. The layout suits HMO use now but would need reconfiguration and possible refurbishment to change to a single-family arrangement.
This is best suited to a buyer seeking a ready-made, income-generating asset in a low-crime, well-connected area close to Plymouth city centre, local amenities and good secondary schools. Viewings recommended for investors or landlords wanting immediate occupancy and rental return, or for developers planning sympathetic refurbishment and improved thermal performance.