Ford Park Road, Plymouth PL4 7 bed terraced house for sale

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Ford Park Road, Plymouth PL4 7 bed terraced house for sale

Ford Park Road, Mutley, Plymouth
£360,000

Our Summary

  • HINDHEAD PROPERTY FOR SALE - FULLY LICENSED 7-BED HMO INVESTMENT OPPORTUNITY - FORD PARK ROAD, PLYMOUTHOffers Over £375,000 - Sold as a Going ConcernHindhead Property is delighted to bring to market this exceptional, fully licensed 7-bedroom HMO, offering a high-yield investment opportunity in one of Plymouth's most sought-after student rental locations
  • Contact Hindhead Property today to arrange a viewing and secure this outstanding investment opportunity
  • Turnkey Investment Opportunity – Fully let for 2025

Description

This fully licensed 7-bedroom HMO property in Plymouth is an exceptional investment opportunity, generating a strong annual rental income of £36,048 on a 48-week contract. The property is already tenanted for the 2025 academic year, making it a turnkey investment with immediate returns. Recently refurbished, the property features a modern kitchen, communal lounge, and seven double bedrooms, each with Ethernet and TV points. The property also boasts a south-facing garden and is located on Ford Park Road, just a short walk from the University of Plymouth and Mutley Plain. With a gross annual rental income of £36,048 and annual running costs of £5,053.50, the net income is £30,994.50, resulting in a net return of approximately 8.6% based on the asking price of £360,000. The property is included with a full range of furniture and white goods, providing excellent value for money. With its strong rental demand and proven track record of occupancy, this investment offers excellent returns and long-term security for landlords seeking a reliable and profitable addition to their portfolio.