Abingdon Road, Mutley, Plymouth
- PROPERTY TYPE
Terraced
- BEDROOMS
7
- BATHROOMS
2
- SIZE
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- 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
- Substantial Seven-Bedroom HMO
- Prime Central Plymouth Location
- Gross Income Potential of £43,620 PA
- Established Tenant Base
- Seven Double Letting Rooms
- Two Communal Kitchens
- Two Shower Rooms
- Separate Utility Room
- Walking Distance to University & City Centre
- Excellent Investment Opportunity
Description
Situated in a quiet street just off North Hill and within easy walking distance of Mutley Plain, Plymouth University and the City Centre, this substantial Victorian mid-terrace property presents an excellent investment opportunity in one of Plymouth's most consistently popular rental locations.
Arranged over four storeys, this deceptively spacious property is currently configured as a seven-bedroom House in Multiple Occupation (HMO), offering generous accommodation throughout. The layout comprises seven double letting rooms, two communal kitchens, two shower rooms, a utility room and a bright communal lounge within the sun room. Externally, the property benefits from a small front garden and an enclosed paved courtyard to the rear.
The property is currently occupied by five tenants, and offers investors an established income stream from day one. Once fully let, the property would generate a gross rental income of £3,635 PCM (£43,620 per annum), making it an attractive addition to any investment portfolio.
Current room rents are as follows:
Room 1 - £525 PCM
Room 2 - £500 PCM
Room 3 - £495 PCM
Room 4 – Advertised at £535pcm
Room 5 – Let agreed at £535pcm
Room 6 - £520 PCM
Room 7 - £525 PCM
All bills are included within the rent, enhancing the appeal to prospective tenants and helping to maintain strong occupancy levels. The property's prime location continues to attract demand from both working professionals and those seeking convenient access to local amenities, public transport links, the University and the city centre.
Offered for sale with an established tenant base and excellent income potential, this is a rare opportunity to acquire a sizeable and well-located HMO in a proven rental area.
Brochures
Brochure 1Brochure 2- 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.
- On street,Permit
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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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Visit our security centre to find out moreDisclaimer - Property reference S1850999. 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 Lang Town & Country, 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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