North Road West, Plymouth, PL1 5DE
- PROPERTY TYPE
Flat
- BEDROOMS
3
- BATHROOMS
3
- SIZE
1,225 sq ft
114 sq m
Key features
- Three Bedroom Maisonette
- All Rooms En-suite
- First and second floor flat used as a 3-bedroom HMO (Class C4)
- Rental Income: £1,925 pcm
- Annual Income: £23,100
- Gross Yield: Approx. 14.4%
- Managing Letting Agent: Citylets
- Certificate of Existing Lawful Development issued by Plymouth City Council
Description
A substantial three-bedroom maisonette arranged over three floors, currently operated as a room-by-room investment, with all three bedrooms benefiting from private en-suite facilities and a generous communal kitchen/living room.
The tenancy agreements supplied show the following rental income:
Room 1 – £625 pcm
Room 2 – £650 pcm
Room 3 – £650 pcm
This gives a combined rental income of £1,925 pcm / £23,100 per annum, equating to a gross yield of approximately 14.4% at £160,000.
The property is managed by Citylets, including the individual room tenancies and day-to-day management, offering an established investment opportunity for a landlord looking for a managed property.
Compliance Information
The property has an EPC rating of D, valid until 23 July 2028, and is recorded as a top-floor maisonette extending to approximately 107 sq m.
A landlord Gas Safety Record dated 16 July 2025 confirms the Ideal boiler was inspected and recorded as safe to use, with the gas tightness test passed and a working CO alarm noted. The certificate records the next inspection as due before 16 July 2026 - A copy of the latest one hasnt been seen by us yet but has been requested.
An Electrical Installation Certificate dated 15 April 2021 records the installation of a new consumer unit together with full testing, inspection and additional electrical alterations. - A copy of the latest one hasnt been seen by us yet but has been requested.
PAT testing documentation has also been supplied, with the tested kitchen appliances recorded as passing at the time of testing. The PAT test was carried out on 24 June 2025. The sheet gives a retest date of 23 June 2026. A copy of the latest one hasnt been seen by us yet but has been requested.
Planning: Certificate of Existing Lawful Development issued by Plymouth City Council on 1 March 2022, confirming the lawful existing use of the first and second floor flat as a 3-bedroom HMO (Class C4), with evidence of that use for in excess of 10 years
Investment Snapshot
Guide Price: £160,000
Rental Income: £1,925 pcm
Annual Income: £23,100
Gross Yield: Approx. 14.4%
Bedrooms: 3
En-suites: 3
Managing Letting Agent: Citylets
- 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.
- No parking
- 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
North Road West, Plymouth, PL1 5DE
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Visit our security centre to find out moreDisclaimer - Property reference S1859393. 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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