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15 bed property, in Plymouth, £600,000
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15 bed semi-detached house

Plymouth, Devon PL2
Planning
£600,000

Our Summary

  • Upcoming rent reviews offer scope to increase income further
  • Potential for en-suites, flats, or larger residential development
  • This property is a rare investment opportunity that combines immediate income generation with substantial potential for future growth
  • The detached bungalow, with its own entrance and courtyard, has been continuously let since December 2017, and offers scope for a retrospective planning application to establish it as a separate dwelling
  • Strategically positioned for redevelopment, the property offers multiple avenues to maximize its value
  • Whether it's upgrading existing rooms with en-suite facilities, converting the space into self-contained flats, or redeveloping the site into a modern apartment block with the potential for a dozen or more units, the possibilities are both lucrative and varied
  • This is more than just a property—it's a high-yielding investment with untapped potential for even greater returns

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Description

The property is a semi-detached HMO with a separate one-bedroom bungalow. It has 14 fully tenanted rooms and was generating a total annual income of £83,112. The property has a private car parking area, a generous garden, and additional parking spaces.

The detached bungalow has its own entrance and courtyard and offers scope for a retrospective planning application to establish it as a separate dwelling. The property sits on a walled site with a large garden, perfect for redevelopment opportunities that could include en-suite fittings, self-contained flats, or a modern apartment block with multiple units.