Lipson Road, Plymouth, PL4 8PL
- PROPERTY TYPE
Terraced
- BEDROOMS
9
- BATHROOMS
2
- SIZE
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- 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
- Licensed 9-bedroom HMO Fully compliant with HMO & planning regulations
- Fully compliant with HMO & planning regulations
- £50,400 gross annual income 12.92% gross
- Sui Generis Planning
- Double Glazing & Gas Central Heating
- Managed in-house by Francis Stuart
- Three shower rooms & multiple WCs
- EPC - D64
Description
High-Yield 9-Bed Licensed HMO 12.92% Gross Yield
A substantial and fully compliant 9-bedroom licensed HMO, generating £50,400 gross per annum, currently fully let to professional tenants and managed in-house by Francis Stuart.
Offered at £390,000, this superb turnkey investment delivers an impressive 12.92% gross yield and an estimated 10.52% net yield (before maintenance/voids/management).
Situated in a prime central Plymouth location, within easy reach of the University, Mutley Plain and the city centre, the property benefits from consistently high tenant demand and excellent long-term rental fundamentals.
Arranged over three spacious floors, the property provides nine generously proportioned bedrooms, a modern communal lounge and a well-equipped fitted kitchen, creating a comfortable and practical shared living environment. There are three contemporary shower rooms together with multiple WCs, ensuring convenience for all occupants.
The property is fully licensed, fully compliant with current HMO regulations and benefits from the relevant planning consents, offering investors confidence and peace of mind. With professional tenants in situ and ongoing in-house management by Francis Stuart, it represents a stable, hands-off income-producing asset from day one.
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
Total Monthly Income: £4,200
Total Annual Income: £50,400
Landlord Running Costs (as advised 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 Costs: Approx. £781.25
Annual Costs: Approx. £9,375
Investment Summary (Based on £390,000 Purchase Price)
Gross Annual Income: £50,400
Gross Yield: 12.92%
Estimated Net Annual Income (before maintenance/voids/management): £41,025
Net Yield: 10.52%
A high-performing, professionally managed HMO in one of Plymouth’s strongest rental zones, offering immediate income, regulatory compliance and long-term investment stability.
- 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.
- Ask agent
Lipson Road, Plymouth, PL4 8PL
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Visit our security centre to find out moreDisclaimer - Property reference S1350784. 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.
*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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