Lipson Road, Plymouth, PL4 8PW
- PROPERTY TYPE
End of Terrace
- BEDROOMS
11
- BATHROOMS
3
- SIZE
3,208 sq ft
298 sq m
- 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
- 11 Bedroom HMO
- Income £58,080 per Annum
- 12% Gross Yield
- Property has established use as 11 Bed HMO
- Two Kitchens
- Three Bathrooms
- 9 Good Sized Bedrooms
- Currently Let to Professional Tenants
- Gas Central Heating
- Double Glazing
Description
Guide Price £475,000 to £500,000
An exceptional investment opportunity on Lipson Road, Plymouth, this spacious and well-presented 11-bedroom HMO (House in Multiple Occupation) offers a fantastic potential return. Set over three floors, the double-fronted property features 9 generously sized double bedrooms, making it ideal for student accommodation or professional tenants.
The house benefits from 2 fully-equipped kitchens and 3 modern bathrooms, ensuring ample facilities for tenants. With a gross rental yearly income of £58,080, this property promises a solid income stream. Located just a short walk from Plymouth city centre, the property is ideally positioned for access to local amenities, transport links, and educational institutions.
Income Breakdown (Monthly):
Room 1: £475.00
Room 2: £500.00
Room 3: £410.00
Room 4: £380.00
Room 5: £430.00
Room 6: £485.00
Room 7: £450.00
Room 8: £455.00
Room 9: £435.00
Room 10: £390.00
Room 11: £430.00
Total Monthly Income: £4,840
Annual Income: £58,080
Expenditure Breakdown (Monthly):
Light/Power/Heating/Water: £520
Council Tax: £156
TV/Media/Internet/Telephone: £39
Cleaner: £72.15
Management: £696.96
Total Monthly Expenditure: £1484.11
Annual Expenditure: £17809.32
Net Annual Income: £40,280.68 (calculated as Total Income - Total Expenditure)
Gross Yield: 11.73% (calculated as Annual Income / Guide Price)
- 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: C
- 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.
- Level access
Lipson Road, Plymouth, PL4 8PW
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Visit our security centre to find out moreDisclaimer - Property reference S1350746. 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 Francis Stuart, Plymouth. 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.
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