Connaught Avenue, Plymouth PL4 8 bed terraced house for sale

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Connaught Avenue, Plymouth PL4 8 bed terraced house for sale

Connaught Avenue, Plymouth PL4
£400,000

Our Summary

  • 8-BEDROOM STUDENT INVESTMENT OPPORTUNITY – MUTLEY, PLYMOUTHOFFERS OVER £400,000 | £3,958PCM FOR SALE – FULLY LICENSED 8-BED HMO INVESTMENT OPPORTUNITY – FORD PARK ROAD, PLYMOUTHOffers Over £400,000 – Sold as a Going ConcernHindhead Property is delighted to present this exceptional student investment property in the sought-after Mutley area

Description

This is an 8-bedroom HMO investment property located in the sought-after Mutley area of Plymouth, offering an impressive annual rental income of £44,448. The property features eight spacious bedrooms, including two with en-suite bathrooms, a large open-plan lounge, and a modern kitchen. Each room is furnished with double beds, TVs, and Ethernet points, and most have wash basins. The property is fully let for the 2025 academic year and is located just a short walk from the University of Plymouth and the vibrant amenities of Mutley Plain. The property is fully fire and electrical safety certified, alarmed, and NLA registered, ensuring compliance with all necessary regulations. The net income is £39,438.50, resulting in a net return of approximately 8.3% based on the asking price of £475,000. This high-quality student property is a fantastic investment opportunity with consistent demand and a proven track record.