Summary - 39 GREENBANK AVENUE PLYMOUTH PL4 8PS
6 bed 2 bath End of Terrace
Chain-free, fully let HMO in St Judes yielding c.12.9% with strong income potential.
Six-bedroom student HMO — fully let for 2025/26
A purpose-run six-bedroom student HMO on Greenbank Avenue, fully let for 2025/26 and producing a gross income of £37,500 (around 12.9% yield). The property combines period character — high ceilings, bay window and traditional stone facade — with contemporary touches including a fitted modern kitchen and double glazing. Its location in St Judes places it close to local amenities and the university catchment, keeping demand from students and young professionals high.
Internally the house is arranged over multiple storeys with six bedrooms, communal reception/kitchen space and two bathrooms. Bedrooms are small-to-average — well suited to student occupation — while the larger principal room and tall ceilings add a sense of space. The house is presented in neutral modern decor and appears lettable with minimal immediate works for continued rental use.
Important considerations: energy performance is band D and the original granite/whinstone walls are assumed uninsulated, so energy improvements could be needed to reduce bills and future-proof lettings. The plot is small with modest front planting and limited outdoor space at the rear. There are only two bathrooms serving six tenants, so communal facilities are tight and any change of use or occupancy levels should be checked against current HMO licensing and safety compliance.
For an investor this is a straightforward, chain-free buy offering an impressive income today and scope to uplift value by addressing energy efficiency, minor refurbishment or reconfiguring communal facilities. The strong rental market in St Judes plus the property’s proven income make this a clear candidate for a portfolio-minded buyer who accepts the maintenance and compliance responsibilities of an HMO.
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