Edith Avenue, Plymouth

GUIDE PRICE: £270,000-£300,000

HIGH-YIELD LICENSED 6-BED HMO WITH GARAGE AND COURTYARD – FULLY LET AND GENERATING £36,006 GROSS ANNUAL INCOME

This substantial and well-maintained three-storey property presents a rare opportunity to acquire a fully operational, licensed six-bedroom HMO producing a strong gross annual income of £36,540. Set in a popular residential area with consistently high tenant demand, it offers an ideal turnkey investment for both experienced landlords and those new to the market.

The property offers six generously sized double bedrooms, each let individually to maximise income, supported by three modern shower rooms—conveniently located across all floors. Tenants enjoy access to a spacious communal lounge, creating a welcoming and social shared living environment, alongside a well-appointed kitchen with ample storage, generous worktop space, and room for dining.

To the rear, a private courtyard provides outdoor space for tenants to relax, while the detached garage offers valuable storage or potential for future development, subject to the necessary consents.

Fully compliant with current HMO licensing requirements, the property is let with minimal voids and has a strong rental history. Located close to local amenities, public transport links, and major employers, it continues to attract consistent tenant interest.

With its excellent yield, proven rental performance, and no immediate works required, this is a high-performing, income-generating asset with long-term investment potential. Early viewing is highly recommended.

Rental Income Breakdown:
Room 1: £500 pcm
Room 2: £490 pcm
Room 3: £525 pcm
Room 4: £500 pcm
Room 5: £430 pcm
Room 6: £560 pcm

Estimated Total Monthly Income: £3,005
Estimated Annual Gross Income: £36,060

Running Costs (Provided by Current Owner):

Gas and Electric: £289 pcm
Water: £155 pcm
Council Tax: £150.72 pcm
Cleaning: £0 pcm
Internet (Virgin Media high-speed): £55.20 pcm

Total Monthly Costs: Approx. £649.92
Estimated Net Monthly Income: ~£2,355.08
(Before allowances for maintenance, voids, or management fees)

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. 

In accordance with current Anti-Money Laundering (AML) regulations, all prospective purchasers are required to provide valid identification documents before a sale can be agreed and solicitors formally instructed. To facilitate these checks, a one-off charge of £30 (inclusive of VAT) applies. We kindly request that this cost be covered by you as part of the purchase process.