Lipson Road, Plymouth, PL4 8PL
- PROPERTY TYPE
Terraced
- BEDROOMS
9
- BATHROOMS
2
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Income £50,400 per Annum
- 9 Bedroom HMO
- Sui Generis Planning
- 12% Gross Yield
- Double Glazing
- Gas Central Heating
- Central Location
- EPC - D64
Description
Guide Price £400,000 to £425,000
A superb turnkey HMO investment generating an estimated £50,400 gross annual income, currently fully let to professional tenants. This licensed 9-bed property is located in a prime central Plymouth location close to the University, Mutley Plain, and city centre.
This substantial property boasts nine generously sized bedrooms thoughtfully arranged over three floors, providing ample space and comfort for professional tenants. The layout includes a modern communal lounge and a well-equipped fitted kitchen, offering a welcoming and practical environment for shared living. The property is further enhanced by three contemporary shower rooms and multiple WCs, ensuring convenience and functionality for all occupants.
Fully compliant with HMO regulations and benefiting from full planning permission, this investment is ready to deliver from day one. Located in a prime rental area, just minutes from Plymouth University, the city centre, and key transport links, the property enjoys consistently high demand. Currently let to professional tenants, it offers a stable income stream and an excellent yield for investors seeking a high-performing, turnkey asset.
Rental Income Breakdown:
Room 1: £465 pcm
Room 2: £480 pcm
Room 3: £450 pcm
Room 4: £495 pcm
Room 5: £465 pcm
Room 6: £480 pcm
Room 7: £485 pcm
Room 8: £380 pcm
Room 9: £500 pcm
Estimated Monthly Income: £4,200
Estimated Annual Income: £50,400
Landlord Expenses (as provided by current owner):
Electricity: Approx. £183 pcm
Gas: Approx. £213 pcm
Water: £166.25 pcm
Council Tax: £136 pcm
Internet (Virgin Media – high-speed package): £83 pcm
Total Monthly Running Costs: Approx. £781.25
Estimated Net Monthly Income (before maintenance/voids/management): ~£3,418.75
This HMO is ideal for investors seeking a stable, income-producing asset in one of Plymouth’s strongest rental zones. Properties of this size and quality, with full occupancy and professional tenants in situ, are rarely available on the open market.
Early viewing is highly recommended to secure this superb investment opportunity.
Agent Note:
We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence.
There's no obligation to use our recommended providers.
To comply with Anti-Money Laundering regulations, all prospective purchasers must provide identification documents before a sale is agreed upon and solicitors are instructed. The cost of these checks is currently £12 (including VAT) per check, which we request you cover.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- No wheelchair access
Lipson Road, Plymouth, PL4 8PL
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Visit our security centre to find out moreDisclaimer - Property reference S1292983. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fine & Country, Plymouth & Salcombe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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