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Wellington Street, Plymouth, Devon, PL4

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

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

Key features

  • Five-bedroom HMO
  • Gross annual income of £30,800 per annum
  • Let on 11-month tenancy agreements
  • Roof terrace
  • Well-presented throughout
  • Popular rental location

Description

Guide Price - £280.000 - £290,000 - Situated in a popular and convenient location, this five-bedroom HMO investment property presents an excellent opportunity for investors looking for a ready-made addition to their portfolio.

The property is currently generating a gross annual income of £30,800 based on 11-month tenancy agreements and offers well-proportioned accommodation arranged to suit the student and professional rental market. The property has been maintained to a good standard throughout and continues to attract strong tenant demand.

A particular feature of the property is the roof terrace, providing valuable outdoor space for tenants to enjoy, which is a rare addition for HMO properties in the area.

Conveniently located within easy reach of Plymouth city centre, Plymouth University and local amenities, this property represents a strong investment opportunity with an established rental income.

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: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street,Permit
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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Energy performance certificate - ask agent

Wellington Street, Plymouth, Devon, PL4

Approximate location

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Affordability

Monthly repayments£1,330
Property: £ 280,000
Deposit: £ 28,000
Interest rate: 4.85%
Term: 30 years
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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 Miller Countrywide, Plymouth

104 North Hill Mutley Plymouth PL4 8HW
Industry affiliations:

Miller is a trusted name for property advice in Cornwall and the South-West, with decades of experience. Our award-winning teams are known for local knowledge and dedication to providing exceptional service at every step of your property journey. If you need expert property guidance, contact us today.

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Disclaimer - Property reference PLO260318. 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 Miller Countrywide, 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.