Investment Opportunity Fully Let Six-Bedroom HMO

Francis Stuart welcomes to the market Lipson Road a substantial and well-arranged six-bedroom HMO investment property producing a strong annual rental income of £34,860, offering excellent returns with further scope to add value and increase income over time.

 Accommodation & Layout
Arranged over three floors, the property provides spacious, practical accommodation ideally suited to professional sharers or students

The ground floor opens into a central hallway giving access to all principal rooms. To the front is a generous communal lounge, creating a comfortable shared living space, while to the rear is a large, well-proportioned kitchen with ample room for cooking, storage and day-to-day use. This floor also includes a spacious double bedroom, ideal for tenants seeking ground-floor accommodation.

The first floor is arranged around a central landing and offers two large double bedrooms, both providing excellent space for bed, desk and storage. This level also benefits from two bathrooms, ensuring strong facilities and smooth day-to-day living for multiple occupants.

The second floor provides three further bedrooms, including two doubles and one single, along with an additional shower room. From this level there is access to a private roof terrace enjoying open views across to Plymouth Sound, a rare and desirable unique feature that significantly enhances appeal.

In total, the property offers six bedrooms, multiple bath/shower rooms, generous communal areas and valuable outdoor space, creating a highly functional and tenant-friendly layout.

 
Value-Add Potential

The property offers clear scope for improvement and rental uplift, with opportunities for cosmetic upgrades, modernisation of communal areas, or reconfiguration of space to enhance tenant appeal. Comparable HMOs in the area show strong demand for well-presented, all-inclusive rooms, presenting potential for incremental rent increases over time and improved net yield for an incoming investor.

 
Rental Income (pcm)
Room 1: £500
Room 2: £495
Room 3: £520
Room 4: £495
Room 5: £495
Room 6: £400
Total Monthly Income: £2,905
Total Annual Income: £34,860

 
Gross Yield
Approx. 10.73% at £325,000
Running Costs (per month)
Council Tax: £157
Gas: £275
Electricity: £195
TV Licence: £15
Fire Alarm: £25
Gas Safety: £6
Cleaning: £110
South West Water: £160

Total Monthly Running Costs: £943

Compliance

Fully licensed 5-person HMO (licence expires February 2027).
EICR carried out March 2025 (valid until March 2030).
Gas Safety Certificate valid until February 2026.

Fully managed by The HMO Pro

Freehold

EPC D