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Sutherland Road, Mutley, Plymouth. Prime Plymouth HMO Investment – 13 Bedrooms, Parking & Development Opportunity

PROPERTY TYPE

Terraced

BEDROOMS

13

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1
1

Key features

  • Prime Plymouth HMO Investment – 13 Bedrooms, Parking & Development Opportunity. Approx. £69,570pa
  • Large living room
  • 13 letting rooms, 2 kitchens
  • Gas central heating
  • large car parking area to rear for approx 8 cars plus double garage.
  • 3472 sq ft
  • E
  • Freehold

Description

Guide price £600,000 - £625,000. Occupying a prime central position just a short walk from the University of Plymouth, Mutley Plain and Plymouth City Centre, this substantial four-storey period property represents an outstanding turnkey investment opportunity. A fully licensed HMO with an exceptional reputation, it has been privately owned and professionally managed for approximately 28 years, enjoying consistently high tenant demand and is fully let for the forthcoming academic year, generating an annual income of approximately £69,570 (45-week term).Retaining a wealth of original character, including stunning stained glass, a tiled entrance vestibule, ornate carved staircase and decorative ceiling mouldings, the property offers spacious and versatile accommodation. There are 13 letting bedrooms across 4 floors, generous communal lounge, two modern fitted kitchens, and three WC/shower facilities.Further benefits include gas central heating, uPVC double glazing and an HMO licence for up to 13 occupants across 13 households. Externally, the property boasts a large rear car park providing space for approximately eight vehicles, together with a detached double garage benefiting from planning permission to convert into two self-contained one-bedroom flats, offering excellent scope to further enhance the investment. A rare opportunity to acquire a high-yielding asset in one of Plymouth's most sought-after student and professional letting locations.

Brochures

Property BrochureFull Details
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: E
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Sutherland Road, Mutley, Plymouth. Prime Plymouth HMO Investment – 13 Bedrooms, Parking & Development Opportunity

Approximate location
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Affordability

Monthly repayments£3,009
Property: £ 600,000
Deposit: £ 60,000
Interest rate: 5.33%
Term: 30 years
Powered byNatwest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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About Falcon Properties, Plymouth

8 Mannamead Road, Plymouth, PL4 7AA
Industry affiliations:

Falcon Properties is one of Plymouths leading independent estate agents and was established in 1990 by partners' John Coulton and David Vernon.

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Disclaimer - Property reference 12878457. 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 Falcon Properties, 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.
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