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5 bed detached house
Wolseley Road, Plymouth PL5
£250,000
Wolseley Road, Plymouth PL5
£250,000
Our Summary
- Fantastic Investment Opportunity – 5-Bedroom Period Property on Wolseley Road, Plymouth
- Fully let and generating a current rental income of £24,936 per annum, this property offers strong and reliable returns with scope for significant further income
- Currently rented on the basis of 4 letting rooms, the property has the potential to be upgraded to a fully licenced 5-bedroom HMO with the addition of an extra bathroom – a straightforward enhancement with several placement options available
- Additionally, a rear double garage offers further earning potential if rented separately
- Potential to add a bathroom and increase HMO licence and rental yield
- • Potential to exceed £30,000 per annum with HMO upgrade
Description
This 5-bedroom mid-terraced period property on Wolseley Road in Plymouth is a fantastic investment opportunity, currently generating a rental income of £24,936 per annum. The property has the potential to be upgraded to a fully licensed 5-bedroom HMO with the addition of an extra bathroom, increasing the income potential to over £30,000 per annum. The property boasts a large kitchen/dining room, fully equipped and ideal for shared living, which opens out to a spacious and sunny rear courtyard. The property is in excellent condition throughout, well maintained by the current owner, and is located in a prime area near St Budeaux Square, just a 2-minute walk to both bus and train stations. With a range of shops, restaurants, and amenities nearby, this property represents a high-yield investment with room for growth in a sought-after location.