Houndiscombe Road, Mutley, Plymouth, PL4 6EX - 6 months ago
Listed for £525,000
November 15, 2023
Sold for £375,000
2010
Sold for £183,000
2003
SUMMARY * HMOs DO NOT COME BETTER THAN THIS AND SIZE REALLY DOES MATTER! *
superb investment opportunity to purchase a ten bedroomed HMO fully let to students until 2025. In superb condition having been refurbished throughout, this three-storey accommodation comprises ten bedrooms, three shower rooms and two kitchens with communal garden area.
LOCATION The property is located in close proximity to North Road East which runs to the north of the university. The location is ideal for access to the University, train station, City Centre or the range of amenities on offer within Mutley Plain.
DETAIL Ground Floor: Entrance hall, laundry room, three bedrooms, shower room and kitchen
First Floor: Hallway, three bedrooms, living room and shower room.
Second Floor: Landing, four bedrooms, kitchen and shower room.
There are communal gardens to the rear.
INCOME The property is fully let for the academic year 2023-2024 at £52,750 for the year
The property is fully let for the academic year 2024-2025 at £55,250 for the year.
VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.
NOTE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately £200 per referral.
Cash In | |
Deposit (25%) | £131,250 |
Stamp duty & legals | £30,700 |
Total cash in | £161,950 |
| |
Cash Out | |
Room rate | £524 |
Gross rent | £5,240 |
Running costs/mo | £3,827 |
Cashflow/mo | £1,413 |
Cashflow/yr | £16,956 |
ROI | 10% |
Gross yield | 12% |
Population in PL4 | 36,375 |
Population in Plymouth | 238,914 |
Town centre distance | 1.71 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.30 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | -25% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +20% |
Sold prices | £150K - £690K |
Sold prices/m² | £982/m² - £2,752/m² |
| |
Square metres | ~310 m² |
Price/m² | £1,694/m² |
Value estimate | £524,701 |
50 sold prices
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£218K | 05/23 | 0.12 mi | 3, Beechwood Avenue, Plymouth, City Of Plymouth PL4 6PN | £1,557 | 140 | 4 | Terraced House | |
£247.5K | 04/22 | 0.17 mi | 9, Hamilton Gardens, Plymouth, City Of Plymouth PL4 6PQ | £1,489 | 166 | 4 | Semi-Detached House | |
£260K | 08/23 | 0.17 mi | 1, Hillside Avenue, Plymouth, City Of Plymouth PL4 6PR | £1,605 | 162 | 4 | Terraced House | |
£195K | 05/23 | 0.17 mi | 13, Clifton Place, Plymouth, City Of Plymouth PL4 8HU | £1,667 | 117 | 4 | Semi-Detached House | |
£260K | 12/22 | 0.19 mi | 36, Welbeck Avenue, Plymouth, City Of Plymouth PL4 6BG | £2,549 | 102 | 4 | Terraced House | |
£218.5K | 12/20 | 0.23 mi | 16, Cheltenham Place, Plymouth, City Of Plymouth PL4 7DZ | £1,278 | 171 | 4 | Terraced House | |
£275K | 12/20 | 0.27 mi | 16, College View, Plymouth, City Of Plymouth PL3 4JB | £1,545 | 178 | 4 | Terraced House | |
£202K | 05/23 | 0.29 mi | 38, Furzehill Road, Plymouth, City Of Plymouth PL4 7JZ | £1,193 | 169 | 4 | Semi-Detached House | |
£220K | 12/20 | 0.3 mi | 23, Lisson Grove, Plymouth, Devon PL4 7DL | £982 | 224 | 4 | Terraced House | |
£285K | 02/21 | 0.32 mi | 24, Devon Terrace, Plymouth, City Of Plymouth PL3 4JD | £2,159 | 132 | 4 | Terraced House | |
£225K | 03/20 | 0.33 mi | 6, Nelson Street, Plymouth, City Of Plymouth PL4 8ND | £1,541 | 146 | 4 | Semi-Detached House | |
£210K | 06/21 | 0.34 mi | 6, Southern Terrace, Plymouth, City Of Plymouth PL4 7LS | - | - | 4 | Terraced House | |
£245K | 08/21 | 0.36 mi | 60, Belgrave Road, Plymouth, City Of Plymouth PL4 7DR | - | - | 4 | Terraced House | |
£245K | 02/22 | 0.36 mi | 48, Alexandra Road, Mutley, Plymouth, City Of Plymouth PL4 7JT | - | - | 4 | Semi-Detached House | |
£320K | 03/21 | 0.37 mi | 22, College Avenue, Plymouth, City Of Plymouth PL4 7AN | - | - | 4 | Terraced House | |
£187.5K | 08/21 | 0.37 mi | 57, Furzehill Road, Plymouth, City Of Plymouth PL4 7LB | £1,425 | 132 | 4 | Semi-Detached House | |
£262K | 05/23 | 0.37 mi | 84, Kensington Road, Plymouth, City Of Plymouth PL4 7QJ | £2,519 | 104 | 4 | Terraced House | |
£190K | 11/19 | 0.37 mi | 72, Kensington Road, Plymouth, City Of Plymouth PL4 7QJ | £1,759 | 108 | 4 | Terraced House | |
£160K | 04/21 | 0.38 mi | 4, Sidmouth Cottages, Plymouth, City Of Plymouth PL4 7LR | - | - | 4 | Terraced House | |
£218K | 10/21 | 0.41 mi | 4, Crozier Road, Plymouth, City Of Plymouth PL4 7LN | £2,224 | 98 | 4 | Terraced House | |
£287K | 03/21 | 0.41 mi | 33, Hermitage Road, Plymouth, City Of Plymouth PL3 4RX | £2,158 | 133 | 4 | Terraced House | |
£188.3K | 12/20 | 0.42 mi | 22, Holdsworth Street, Plymouth, City Of Plymouth PL4 6NN | £1,530 | 123 | 4 | Terraced House | |
£178.5K | 12/20 | 0.44 mi | 96, Alexandra Road, Mutley, Plymouth, City Of Plymouth PL4 7JU | £1,303 | 137 | 4 | Terraced House | |
£230K | 12/20 | 0.45 mi | 40, Oxford Avenue, Plymouth, Devon PL3 4SQ | £1,855 | 124 | 4 | Terraced House | |
£275K | 11/21 | 0.45 mi | 20, Diamond Avenue, Plymouth, City Of Plymouth PL4 8QD | - | - | 4 | Terraced House | |
£375K | 05/23 | 0.45 mi | 20, Diamond Avenue, Plymouth, City Of Plymouth PL4 8QD | - | - | 4 | Terraced House | |
£190K | 07/23 | 0.46 mi | 10, Turret Grove, Plymouth, City Of Plymouth PL4 7BH | £1,624 | 117 | 4 | Terraced House | |
£347.5K | 11/20 | 0.47 mi | 3, Penrose Villas, Plymouth, City Of Plymouth PL4 7BD | £2,213 | 157 | 4 | Detached House | |
£225K | 02/23 | 0.47 mi | 35, Prince Maurice Road, Plymouth, City Of Plymouth PL4 7LJ | £1,609 | 140 | 4 | Terraced House | |
£220K | 05/21 | 0.49 mi | 5, Peverell Park Road, Plymouth, City Of Plymouth PL3 4LR | £1,583 | 139 | 4 | Terraced House | |
£247K | 10/21 | 0.49 mi | 10, Wesley Avenue, Plymouth, Devon PL3 4RA | £1,930 | 128 | 4 | Terraced House | |
£215K | 06/21 | 0.5 mi | 17, Bayswater Road, Plymouth, City Of Plymouth PL1 5BU | £2,514 | 86 | 4 | Terraced House | |
£670K | 03/21 | 0.5 mi | Fernleigh Lodge, Fernleigh Road, Plymouth, City Of Plymouth PL3 5AN | - | - | 4 | Semi-Detached House | |
£245K | 11/19 | 0.53 mi | 35, Salcombe Road, Plymouth, City Of Plymouth PL4 7NE | £1,608 | 152 | 4 | Terraced House | |
£223K | 12/20 | 0.53 mi | 58, Greenbank Avenue, Plymouth, City Of Plymouth PL4 8PX | £1,458 | 153 | 4 | Semi-Detached House | |
£690K | 04/23 | 0.54 mi | 45, Thorn Park, Plymouth, City Of Plymouth PL3 4TF | - | - | 4 | Terraced House | |
£162.5K | 11/22 | 0.55 mi | 31, Ilbert Street, Plymouth, City Of Plymouth PL1 5AA | £2,167 | 75 | 4 | Terraced House | |
£195K | 05/23 | 0.56 mi | Sea View Cottage, Rear Of Sea View Terrace, Sea View Terrace, Plymouth, City Of Plymouth PL4 8RL | £2,120 | 92 | 4 | Terraced House | |
£350K | 11/21 | 0.56 mi | 96, Lipson Road, Plymouth, City Of Plymouth PL4 8RJ | £2,363 | 148 | 4 | Terraced House | |
£372.5K | 09/21 | 0.57 mi | 1, Trelorrin Gardens, Plymouth, City Of Plymouth PL3 4QD | - | - | 4 | Terraced House | |
£269K | 03/21 | 0.58 mi | 125, Lipson Road, Plymouth, City Of Plymouth PL4 7NQ | £1,868 | 144 | 4 | Terraced House | |
£285K | 12/19 | 0.58 mi | 27, Peverell Park Road, Plymouth, City Of Plymouth PL3 4LS | £1,696 | 168 | 4 | Terraced House | |
£150K | 03/23 | 0.58 mi | 58, Penrose Street, Plymouth, City Of Plymouth PL1 5AU | £2,055 | 73 | 4 | Terraced House | |
£250K | 02/21 | 0.59 mi | 15, Short Park Road, Plymouth, City Of Plymouth PL3 4PZ | £2,108 | 119 | 4 | Terraced House | |
£355K | 02/21 | 0.6 mi | 40, Thorn Park, Plymouth, Devon PL3 4TE | £2,752 | 129 | 4 | Semi-Detached House | |
£180K | 09/20 | 0.6 mi | 37, Sea View Avenue, Plymouth, City Of Plymouth PL4 8RU | £1,192 | 151 | 4 | Semi-Detached House | |
£255K | 09/22 | 0.6 mi | 37, Sea View Avenue, Plymouth, City Of Plymouth PL4 8RU | £1,689 | 151 | 4 | Semi-Detached House | |
£235K | 02/23 | 0.61 mi | 146, Lipson Road, Plymouth, City Of Plymouth PL4 7NU | £2,097 | 112 | 4 | Terraced House | |
£350K | 04/21 | 0.62 mi | 6, Glenhurst Road, Plymouth, City Of Plymouth PL3 5LT | £2,431 | 144 | 4 | Terraced House | |
£166K | 10/21 | 0.64 mi | 17, Cranbourne Avenue, Plymouth, City Of Plymouth PL4 8RT | £1,328 | 125 | 4 | Terraced House |