Lisson Grove, Plymouth, PL4 7DL
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
2
- SIZE
2,123 sq ft
197 sq m
- 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
- Six-Bedroom HMO Investment Property
- Potential Annual Rental Income £37,200
- Attractive 13.8% Gross Yield at Asking Price
- Substantial Accommodation – Approx. 2,123 Sq Ft
- Separate Communal Lounge
- Kitchen / Dining Area
- Currently Licensed for Six Occupants
- Scope for Refurbishment and Improvement
Description
Francis Stuart are pleased to bring to the market this substantial six-bedroom HMO investment property, situated in the popular PL4 area of Plymouth.
Lisson Grove is offered at a guide price of £270,000, the property generates a potential annual rental income of £37,200 at full occupancy, representing an attractive gross yield of approximately 13.8%.
Extending to approximately 2,123 sq ft (197.3 sq m) across three floors, the property offers generous accommodation, including six bedrooms, a separate communal lounge, spacious kitchen/diner, ground-floor shower room and first-floor bathroom.
The ground floor comprises a particularly spacious communal lounge with bay window, a well-proportioned bedroom, shower room and a large kitchen/diner to the rear.
The first floor provides four further bedrooms and a communal bathroom, whilst the second floor offers the sixth bedroom alongside an additional kitchen area.
The property would benefit from general updating and refurbishment, providing an opportunity for an investor to improve the overall accommodation and potentially enhance future rental returns.
Guide Price: £270,000
Monthly Rental Income at Full Occupancy: £3,100
Annual Rental Income at Full Occupancy: £37,200
Potential Gross Yield: 13.8%
Six Letting Bedrooms
Approximate Floor Area: 2,123 sq ft / 197.3 sq m
The property is currently licensed as a six-bedroom HMO, with the existing licence expiring on 13 June 2027.
EPC Rating D, valid until July 2031. The Electrical Installation Condition Report (EICR), dated October 2024, was assessed as satisfactory, with the next recommended inspection in October 2029. The gas safety record is dated November 2025, with the next annual inspection due November 2026.
Portable appliance testing was undertaken in November 2025, and fire alarm and extinguisher servicing was invoiced in September 2026.
Planning records reference application 05/00707/FUL, granted conditionally in June 2005, for a change of use from an existing HMO to a single dwellinghouse.
The property is currently HMO licensed; however, any purchaser would need to make their own application for the appropriate licence with Plymouth City Council following completion.
EPC Rating: D.
- 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: C
- 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
Lisson Grove, Plymouth, PL4 7DL
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference S1893279. 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.
*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.