Summary - 45 FRANCIS STREET PLYMOUTH PL1 5JZ
6 bed 2 bath Terraced
Well-positioned income property near student hubs and local amenities.
Freehold six-bedroom mid-terrace HMO, currently fully tenanted
A six-bedroom mid-terrace in central Plymouth set up as a fully tenanted HMO, delivering a reported gross yield above 12%. The property is freehold, arranged over two storeys with two ground-floor bedrooms and four first-floor rooms, two shared bathrooms and communal living spaces including a fitted kitchen and separate utility. A private courtyard gives outdoor space for tenants.
This is a practical, income-led purchase for an investor targeting strong rental demand from students and city workers. The house benefits from fast broadband, excellent mobile signal and a cheap council tax band, supporting letability. It is in a cosmopolitan, transitional neighbourhood with convenient local amenities and several nearby schools rated good.
Buyers should factor in area and fabric issues. The property is in a very deprived area with a high local crime level, which affects tenant profile and management needs. The granite/whinstone walls likely lack insulation, the double glazing dates from before 2002 and the EPC is D, so energy-efficiency improvements are probable if aiming to reduce voids or attract long-term tenants. The overall building and plot are small, and two bathrooms must serve six occupants.
For an experienced landlord this offers immediate income and scope for value-add through energy upgrades, targeted maintenance and hands-on management. For less experienced buyers, the location and management demands mean extra due diligence and active oversight will be necessary.
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