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Hyde Park Road, Plymouth PL3 6 bed terraced house for sale
Hyde Park Road, Plymouth
£285,000
Hyde Park Road, Plymouth
£285,000
Our Summary
- FOR SALE - LICENSED 4-BED HMO INVESTMENT OPPORTUNITY - MUTLEY PLAIN, PLYMOUTH For Sale - Licensed 5-Bed HMO with Potential for 6 Bedrooms - Mutley Plain, PlymouthOffers Over £285,000 - Sold as a Going ConcernA fantastic opportunity to acquire a licensed 5-bedroom HMO, with potential to be a 6-bed, situated in a prime student location on Mutley Plain
- Current Tenancy Details:Fully let until 3rd AugustNew tenancy secured from 1st September on a 48-week contract£602 per week rental income (£28,896 per year)Additional Features:Gas central heatingDouble glazingFire alarm systemFitted kitchen with dishwasher, microwave, fan-assisted oven, and fridge/freezerWashing machine and dryerGardenThis turnkey investment is already tenanted, offering strong and consistent rental income with the potential to reconfigure into a 6-bed HMO, further increasing returns
Description
This licensed 5-bedroom HMO, with potential to be a 6-bed, is situated in a prime student location on Mutley Plain, Plymouth. The property is fully let until August and secured for the next academic year, generating £602 per week (£28,896 per year) in rental income. The property features a large communal lounge, separate dining room, and modern fitted kitchen, as well as two shower rooms and additional downstairs WC. The property is well-maintained and has a prime location for students, with bus routes to Marjon and Peninsula, and within walking distance of Plymouth University, shops, pubs, and nightlife. The property also benefits from inclusive rents, covering broadband, TV licence, and a generous utilities allowance. This turnkey investment is already tenanted, offering strong and consistent rental income with the potential to reconfigure into a 6-bed HMO, further increasing returns.