Summary - 55 WILTON STREET PLYMOUTH PL1 5LX
6 bed 2 bath Terraced
**Standout Features:**
- Spacious 6-bedroom HMO property with strong rental income
- Annual income of £36,500, yielding 11.4%
- Two bathrooms and a communal kitchen with appliances
- Garage with planning permission for conversion into an additional en-suite room
- Prime central location, within walking distance to university and train station
**Potential Concerns:**
- Above average crime rates in the area
- Limited outdoor space due to the urban setting
Nestled in the vibrant heart of Plymouth on Wilton Street, this charming Victorian terraced house from 1901 is an ideal investment opportunity. Spanning over 1,442 square feet, the property is currently licensed as a 6-bedroom House in Multiple Occupation (HMO) and boasts a solid rental income of £36,500 annually, delivering an impressive yield of 11.4%. It features a spacious communal kitchen, two well-appointed bathrooms, and a cozy reception area adaptable for tenant comfort.
Additionally, the rear garage comes with planning permission to convert into an additional en-suite letting room (24/00277FUL), enhancing its income potential further. Despite the property's urban charm and proximity to amenities, it is located in an area with above-average crime rates, which should be a consideration for prospective buyers. Overall, whether you are targeting high rental yields or seeking a spacious family home in a sought-after location, this property presents a rare opportunity that should not be missed. Act quickly before it’s gone!
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