Connaught Avenue, Mutley, Plymouth

8-BEDROOM STUDENT INVESTMENT OPPORTUNITY - MUTLEY, PLYMOUTHOFFERS OVER £400,000 | £3,958PCM FOR SALE - FULLY LICENSED 8-BED HMO INVESTMENT OPPORTUNITY - FORD PARK ROAD, PLYMOUTH
Offers Over £400,000 - Sold as a Going Concern

Hindhead Property is delighted to present this exceptional student investment property in the sought-after Mutley area. Fully let for the 2025 academic year, this 8-bedroom HMO offers an impressive approximate annual rental income of £44,448, delivering a strong yield. The property features eight spacious bedrooms, including two with en-suite bathrooms, plus an additional two bath/shower rooms and three WCs, ensuring convenience for all tenants. A large open-plan lounge with leather sofas connects to a modern, fully equipped kitchen, while Room 1 benefits from its own private lounge/study area with direct access to the garden.

Each room is furnished with double beds, TV and Ethernet points, and most include wash basins. High-speed 350Mbps broadband, a TV licence, and a generous utilities allowance are included in the rent, with two rooms suitable for couples, adding further appeal for prospective tenants. Externally, a well-maintained garden offers valuable outdoor space, while permit parking is available nearby.

The property is ideally located just a short walk from the University of Plymouth, as well as the vibrant amenities of Mutley Plain, which include shops, pubs, and eateries. Additional features of the property include central heating, instant hot water, a dishwasher, washing machine, and dryer. The property is fully fire and electrical safety certified, alarmed, and NLA registered, ensuring compliance with all necessary regulations.

The gross annual rental income is £44,448, with running costs including £2,906 for gas and electric, £1,875 for water (non-metered at £156.31/month), £54/month for broadband (350 mbps, with 450 mbps available for £35 + VAT), and £174.50/year for the TV licence. With no management costs, the total annual running costs amount to £5,009.50. After deducting these costs, the net income is £39,438.50, resulting in a net return of approximately 8.3% based on the asking price of £475,000.

This high-quality, 'A'-graded student property is a fantastic investment with consistent demand and a proven track record. Contact Hindhead Property today to arrange a viewing and secure this excellent buy-to-let opportunity.

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.

 

MUTLEY PLAIN: is a bustling and well-connected area in Plymouth, Devon, offering a vibrant mix of shops, cafés, and essential amenities. As the heart of the Mutley district, this lively high street serves both the local community and the surrounding neighbourhoods, including the more affluent areas to the north.

Originally developed in the late Victorian era as an elegant, tree-lined avenue, Mutley Plain has evolved into a key commercial and residential hub. The B3250 runs through the area, providing excellent transport links, while multiple pedestrian crossings ensure accessibility for residents and visitors.

With its rich history, strong community feel, and proximity to the city centre and university, Mutley Plain remains one of Plymouth's most sought-after locations for both homeowners and investors. 

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.  

VIEWING: 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. 

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. 

SERVICES: Mains gas, electricity, water and drainage.  

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