Summary - First Floor Flat, 86 Milehouse Road PL3 4DA
6 bed 2 bath Maisonette
Ready-income HMO with conversion potential back to a family home.
- Licensed six-bedroom HMO with immediate rental income
A fully licensed six-bedroom HMO in central Plymouth, this mid-terrace maisonette delivers immediate rental income and a quoted gross yield of about 12% (£2,850 pcm). The layout spans two well-proportioned levels, each with its own shower room, and the current configuration maximises letable rooms for an investor seeking instant returns.
The property sits on a decent plot with a recently decked rear garden and a small front garden, though the frontage is overgrown and the exterior needs some remedial attention. Internally the kitchen is modern-standard and rooms are spacious; the building benefits from mains gas central heating and double glazing installed before 2002.
This freehold maisonette is easily convertable back into a three-bedroom family apartment if desired, offering flexibility for buyers wanting either continued HMO income or a larger single-home layout. Tenants currently occupy all rooms, so viewings would need to be arranged around tenancies. Notable negatives are the visible exterior maintenance needs and the general ‘fixer-upper’ appearance to the frontage; buyers should allow budget for external tidy-up and any internal refresh or compliance checks typical for older HMOs.
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