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Alexandra road , Plymouth

PROPERTY TYPE

Terraced

BEDROOMS

6

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.

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Description

Fully Managed 6 Bedroom HMO Investment Producing £40,416 Per Annum


Shorey Bailey are happy to bring to the market this six-bedroom HMO investment property Ideally located on Alexandra Road, the property is within easy reach of Plymouth City Centre, local amenities, transport links, Plymouth University.


Currently occupied by working professionals, the property generates a gross rental income of £3,368 per calendar month (£40,416 per annum) and is offered as a fully managed investment, making it an ideal turnkey addition to an investor's portfolio.


The accommodation comprises six generously proportioned letting rooms, with five of the six bedrooms benefitting from their own wash hand basin, enhancing tenant convenience and appeal and potential for further future development. The property further benefits from a spacious communal lounge, modern fitted kitchen, ground floor utility room and two contemporary shower rooms.


The modern kitchen is fitted with a range of matching units and integrated appliances, while the separate communal lounge provides attractive shared living space for residents. Externally, there is an enclosed rear garden/courtyard, providing valuable outdoor amenity space.


The property's generous room sizes, excellent communal facilities and sought-after location have made it particularly attractive to professional occupiers and continue to support strong rental demand.


Accommodation


Communal Lounge
12'1" x 11'0" (3.68m x 3.37m)


Modern Fitted Kitchen
12'2" x 8'7" (3.71m x 2.64m)


Utility Room
8'6" x 7'7" (2.60m x 2.33m)


Bedroom One
18'8" x 13'9" (5.70m x 4.19m)


Bedroom Two
18'7" x 13'8" (5.67m x 4.16m)


Bedroom Three
18'8" x 10'3" (5.69m x 3.14m)


Bedroom Four
10'4" x 10'4" (3.15m x 3.15m)


Bedroom Five
18'8" x 10'8" (5.70m x 3.26m)


Bedroom Six
14'4" x 11'0" (4.37m x 3.35m)


Key Features


  • Fully let six-bedroom HMO
  • Let to working professionals
  • Gross rental income of £3,368 PCM
  • Annual gross income of £40,416
  • Fully managed investment
  • Large double bedrooms throughout
  • Five rooms with wash hand basins
  • Spacious communal lounge
  • Modern fitted kitchen
  • Utility room
  • Two shower rooms
  • Gas central heating
  • uPVC double glazing
  • Enclosed rear garden/courtyard
  • Highly sought-after Mutley location
  • Strong and established rental demand

Material Information


Tenure: Freehold
Property Type: Mid-Terraced HMO Investment Property
Bedrooms: 6
Current Occupancy: Fully Let
Management: Fully Managed by Shorey Bailey & co
Local Authority: Plymouth City Council
Council Tax Band: C
EPC Rating: D
Postcode: PL4 7EH


Utilities & Services


  • Mains Gas
  • Mains Electricity
  • Mains Water
  • Mains Drainage
  • Gas Central Heating
  • Ultrafast Virgin media Broadband installed
  • Mobile Coverage Available Map Your Mobile

Parking


On-street permit parking available, subject to local authority regulations.


Contact the team at Shorey Bailey & co for more information and to book a viewing.

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.
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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.
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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Alexandra road , Plymouth

Approximate location

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Affordability

Monthly repayments£1,638
Property: £ 325,000
Deposit: £ 32,500
Interest rate: 5.37%
Term: 30 years
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Renovation potential
Recently sold & under offer
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North Hill, Mutley, Plymouth, PL4 8HF

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Disclaimer - Property reference SBC-RS-10191. 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 A Home After Halls, 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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