Edith Avenue, Plymouth, PL4 8TH
- PROPERTY TYPE
End of Terrace
- BEDROOMS
6
- BATHROOMS
3
- SIZE
2,240 sq ft
208 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
- Compliant six bedroom HMO investment
- £37,680 annual income - £29,146 estimated net income
- Strong gross 11.59% -12.56% depending on purchase price
- Large property extending to approximately 2,240 sq.ft.
- Generous bedroom sizes and good communal layout
- HMO licence secured until 2029
- EICR valid until 2029 with new consumer unit installed
- Professionally managed in-house by Francis Stuart
Description
Guide Price £300,00 - £325,000
Edith Avenue is a substantial six bedroom licensed HMO investment arranged across three floors and extending to approximately 2,240 sq.ft. of accommodation. The layout works extremely well as a shared professional house with generous bedroom sizes, well-balanced communal space and strong ongoing tenant demand within this part of Plymouth. The property is managed in-house by Francis Stuart and is already established as an income-producing investment.
The property is currently generating £37,680 per annum (£3,140 pcm) with the benefit of good room sizes and a layout that suits professional sharers. Running costs are approximately £8,534 per annum, producing an estimated net income of around £29,146 per year before maintenance, voids or management.
The property benefits from a HMO licence valid until November 2029, EICR valid until October 2029 (with a new consumer unit installed following the most recent inspection) and a current gas safety certificate valid until January 2026, providing reassurance from a compliance perspective.
Based on the current income, the property offers gross yields of approximately 11.59% -12.56% gross yield depending on purchase price, positioning it as a strong and established HMO investment opportunity within Plymouth’s consistently performing rental market.
Rental Income Breakdown
Room 1 – £500 pcm
Room 2 – £490 pcm
Room 3 – £565 pcm (couple)
Room 4 – £525 pcm (currently advertised as becoming vacant)
Room 5 – £480 pcm
Room 6 – £580 pcm (couple)
Current Monthly Income – £3,140 pcm
Current Annual Income – £37,680 per annum
Running Costs
Gas & Electric – £289 pcm (Octopus Energy)
Water – £186 pcm (£1,860.61 per year – unmetered)
Council Tax – £181 pcm (£1,808.67 per year paid over 10 months)
Internet – £55.20 pcm (Virgin Media Business Fibre Voom 800)
Total Monthly Running Costs – £711.20 pcm
Total Annual Running Costs – £8,534 per annum
Estimated Net Income
£37,680 annual income minus £8,534 running costs £29,146 approximate net income per year
(before maintenance, voids or management)
Compliance & Certification
HMO Licence Valid until 3rd November 2029
Electrical Installation Condition Report (EICR) Valid until 20 October 2029
(last completed 21 October 2024 including remedial works and installation of a new consumer unit)
Gas Safety Certificate Valid until January 2026
- 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: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Garage
- 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
Edith Avenue, Plymouth, PL4 8TH
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Visit our security centre to find out moreDisclaimer - Property reference S1647527. 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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