Hyde Park Road, Plymouth

FOR SALE - LICENSED 6-BED HMO INVESTMENT OPPORTUNITY FOR SALE - LICENSED 6-BED HMO INVESTMENT OPPORTUNITY - HYDE PARK ROAD, PLYMOUTH
Offers Over £285,000 - Sold as a Going Concern

This fantastic opportunity offers a licensed 5-bedroom HMO with potential to be reconfigured into a 6-bed, located in a prime student area on Hyde Park Road. The property is fully let until 3rd August and has a new tenancy secured from 1st September on a 48-week contract, generating £602 per week (£28,896 per annum) in rental income. The property offers spacious and well-maintained living, featuring a large communal lounge, a separate dining room, and a modern fitted kitchen. There are two shower rooms with WCs, as well as an additional downstairs WC for convenience. All bedrooms are doubles, each with Ethernet points, and Room 5 has the added benefit of its own adjoining lounge/study area. Inclusive rents cover broadband, TV licence, and a generous utilities allowance, providing a convenient and attractive package for tenants.

Situated in a sought-after location for students, the property is close to bus routes to Marjon and Peninsula, and within walking distance of Plymouth University, shops, pubs, and nightlife. Permit parking is available nearby.

The property has an annual rental income of £28,896, with annual running costs of £2,206 for gas and electric, £1,603 for water (non-metered at £133.65/month), £54/month for broadband (350 mbps with 450 mbps available for £35 + VAT, not changed due to pending sale), and £174.50/year for the TV licence. There are no management costs associated with the property. After deducting the annual costs of £4,937.50, the property generates a net income of £23,958.50, resulting in a net return of approximately 8.44% based on the asking price of £285,000.

This turnkey investment opportunity is already tenanted, providing a strong and consistent rental income with the potential to reconfigure into a 6-bed HMO, further increasing the return on investment.

Contact us today to arrange a viewing or discuss further details.

Included with the student property is a full range of furniture and white goods, such as sofas, tables, beds, mattresses, and kitchen appliances. This does not include personal belongings, but the inclusion of all essential furnishings provides excellent value for money, saving tenants and prospective buyers the significant cost and hassle of purchasing these items themselves. 

MANNAMEAD : is a prestigious residential area just north of Plymouth city centre, known for its tree-lined streets, elegant period homes, and excellent amenities. Popular with professionals and families, it offers highly regarded schools, independent shops, cafés, and green spaces like Mutley Park. Well-connected by bus routes and road links, it provides easy access to the city centre, university, and Derriford Hospital. With a mix of Victorian townhouses, modern apartments, and strong rental demand, Mannamead remains one of Plymouth's most sought-after locations. 

PLYMOUTH : Britain's Ocean City, is one of Europe's most vibrant waterfront cities. Located by a stunning waterfront and harbour, Plymouth is the perfect place to buy property.  

VIEWINGS We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please call .
 

STAMP DUTY LAND TAX: (SDLT) or Land and Buildings Transaction Tax (LBTT) may apply in certain circumstances. Buyers are advised to check their liability before proceeding with a purchase. 

MONEY LAUNDERING REGULATIONS: In accordance with the Money Laundering Regulations, buyers will be required to provide identification documents at the point of offer acceptance. 

FLOOR PLAN DISCLAIMER: This floor plan is for guidance only and should not be considered a factual representation. It is not to scale, and all measurements are approximate. The property was measured in accordance with RICS Property Measurement Standards (IPMS). Viewers rely on it at their own risk. All rights reserved. Copyright © 2025 Hindhead Property LTD. 

GENRAL PROPERTY DISCLAIMER: Whilst every effort has been made to ensure the accuracy of these details, we cannot guarantee their completeness or correctness. Buyers are advised to conduct their own investigations before making any financial commitment. 

SERVICES: Mains gas, electricity, water and drainage.