Summary - 49 Houndiscombe Road PL4 6EX
10 bed 4 bath Terraced
Double-fronted Victorian HMO near University — income now, upside after refurbishment..
- 10-bedroom double-fronted Victorian terraced property
- Partially let (5 of 10 rooms occupied for 2025 tenancy)
- Potential gross rental income £55,200 per annum when fully let
- EPC rating C; double glazing and gas central heating
- 3 shower rooms and 1 bathroom across floors
- Small enclosed rear courtyard; no large garden or parking
- Signs of damp risk; requires modernization and remedial works
- Granite walls likely uninsulated; budget for insulation upgrades
A substantial double-fronted Victorian terraced property arranged over multiple levels, presently configured as a 10-bedroom student house close to the University of Plymouth and Drake Circus. Five rooms are currently let with a projected full rental income of £55,200 per annum — a clear opportunity for an investor seeking ready student demand in a prime, well-connected location.
The house benefits from double glazing, mains gas central heating with boiler and radiators, three shower rooms and one bathroom, and an enclosed rear courtyard. The solid granite façade and high ceilings give period character and curb appeal; the EPC rating of C supports letting to students with reasonable energy performance.
Notable considerations: the property requires modernization in places and shows signs described as a damp risk, so some remedial and refurbishment work should be budgeted for. The walls are likely uninsulated (original granite construction), and council tax is above average. The plot is small and there is no large garden, but excellent transport links and local amenities sustain strong tenant demand.
For an investor focused on student lets, this building offers immediate income and further upside after completing targeted refurbishment and remediating damp/insulation issues. Budget realistic refurbishment costs into your acquisition plan to unlock higher rents and long-term value.
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