Fully let student investment until August 2026, 50-week tenancy
This mid-terrace Freehold at 23 Furzehill Road is a purpose-built student investment, fully let on a 50-week contract generating £33,249 per year and secured until August 2026. The property houses five double bedrooms, two communal rooms and two large shower rooms across roughly 1,205 sq ft — designed for low-management student occupancy and immediate income delivery.
Location is a primary strength: Mutley Plain, the train station, Drake Circus and city-centre amenities are within easy reach, supporting strong student demand. The house has modern, quirky décor, double glazing (install date unknown), mains gas central heating with boiler and radiators, and an EPC D. Broadband speeds are fast and mobile signal is excellent — practical benefits for student tenants.
Investors should note a few material considerations. The plot and overall property size are small, and the local area is classified as deprived with above-average crime rates, which can affect long-term capital growth and management risk. The building dates from 1900–1929 and external walls are granite/whinstone with no known insulation (assumed), so energy upgrades could be required to improve efficiency and future-proof the EPC.
This property suits a buyer seeking an immediately income-producing student asset with minimal void risk. It offers straightforward refurbishment upside (thermal improvements, potential cosmetic refresh) but also requires awareness of location-based rental dynamics and potential spending on fabric or efficiency works in due course.
