Guide Price £300,000 to £325,000

An established HMO investment offering five bedrooms, comprising four en-suite rooms and one bedroom with access to a separate shower room, set within a substantial period property arranged over three floors. The property is currently generating £36,240 per annum, providing an 11.15% gross yield, with clear scope to increase returns to circa 12% through modest rental re-gearing. The combination of character, generous accommodation, modern communal living and strong income performance makes this a turnkey opportunity for investors.

Set within an attractive period building, the property has been thoughtfully arranged to suit modern shared living while retaining character and charm throughout.

Accommodation is arranged over three well-planned floors, offering generous room sizes, excellent natural light and a layout that flows well for both occupants and long-term management.

At the heart of the property is a large communal kitchen/diner, fitted with contemporary cabinetry, wooden worktops and tiled splashbacks. The space provides ample storage, preparation areas and room for dining, creating a natural hub for shared living.

The communal lounge offers a comfortable and inviting environment, enhanced by a large bay window that floods the room with natural light, making it ideal for shared relaxation.

The five bedrooms are well-proportioned and sensibly arranged across the lower ground and first floors, offering good separation of space. All rooms benefit from private shower facilities, a key attraction for professional tenants.

A useful utility room adds further practicality, supporting the efficient day-to-day running of the property and helping to keep communal areas organised.

Externally, the property presents well and is positioned within an established residential location, conveniently placed for access to local amenities, transport links and Plymouth city centre.

 
HMO Licence
Mandatory HMO licence issued by Plymouth City Council

Licence granted: 27 May 2025
Licence expiry: 21 December 2028
Permitted for 5 persons in 5 households
Ground floor front lounge not permitted as a bedroom
Licence documentation available
 
Compliance & Certification
EICR: Satisfactory

Inspected 14 July 2023
Valid until 14 July 2028
Gas Safety Certificate: Valid until 7 July 2026
 
Tenancy & Income
Fully let 5-bed HMO
Individual ASTs (not joint)
Staggered tenancy expiries reducing void risk
Deposits protected and professionally managed
Current Room Rents

Room 1: £625 pcm
Room 2: £620 pcm
Room 3: £575 pcm
Room 4: £600 pcm
Room 5: £600 pcm
Total Income

£3,020 pcm
£36,240 per annum