Summary -
14 Trematon Terrace,PLYMOUTH,PL4 6QS
PL4 6QS
5 bed 2 bath Terraced
Let to students with immediate rental income and management in place.
Five bedrooms plus living room/bedroom five
A turnkey HMO investment close to Mutley Plain and Plymouth University, this five-bedroom Victorian mid-terrace is offered fully furnished and currently let for the academic year. The property is arranged over two floors, with two shower rooms, a living/common room, modern fitted kitchen and a fully walled courtyard. Safety features include hard-wired fire alarms, fire doors and extinguishers.
The property is income-producing with an approximate gross rental of £27,000 per annum and comes with existing management in place. Practical features that reduce immediate outgoings include gas central heating and PVCu double glazing. The layout includes two substantial front rooms (one used as bedroom five/living), three large doubles on the first floor and two shower rooms, making it suitable for continued student lets or professional sharers.
Buyers should note material location and licensing points: the area is classified as deprived with a higher-than-average local crime level, which may affect tenant mix and insurance costs. The listing references a licensed HMO but also states the property is currently let to four individuals and therefore does not require a licence; prospective purchasers must verify HMO licensing and compliance before exchange. The property is sold freehold at a quoted price of £260,000.
While presented as well maintained and largely turnkey, the small rear courtyard and compact plot limit outdoor amenity and extension potential. There is scope to increase income subject to market demand and compliance with local HMO rules, but any changes should be checked against licensing and management requirements.
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