Plympton, Plymouth PL7 10 bed semi

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Plympton, Plymouth PL7 10 bed semi

Plympton, Plymouth PL7
£425,000

Our Summary

  • Investment Potential:With a guide price of £425,000 to £475,000 this is a very good investment and this property offers an attractive yield for investors
  • Conversion Potential:While the property is currently set up as an HMO, it could also be converted into a family home if preferred
  • The large parking area and private gated road add to its potential for a high-end residential property if you were to convert it back into a single-family dwelling
  • Additionally, the property’s size and layout offer future potential for conversion into a family home, should that be the direction you wish to take

Description

This 10-bedroom house in Plympton, Plymouth, is a rare investment opportunity with a guide price of £425,000-£475,000. The property is currently arranged as a 7-bedroom HMO (House in Multiple Occupation) and a 3-bedroom self-contained flat, generating a very good yield. With a valid HMO licence, the property meets the necessary standards for rental properties with multiple tenants. The property features two fully-equipped kitchens, a breakfast area, and a rear garden, offering ample space for tenants to cook, socialize, and relax. There is also car parking for 11 cars, making it an attractive feature for tenants with cars. The property is located on a private road, offering extra security and peace of mind for tenants and owners. With its spacious layout, large number of bedrooms, and ample living spaces, the property offers flexibility to be reconfigured to suit different needs, making it an excellent choice for investors or those considering converting the building into a family home.
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