- Investment Opportunity +
- Period Terraced Property +
- £37,200 Per Annum Rental Income +
- Circa 9.9% Yield +
- Six Fully Let Bedrooms +
- Four Shower Rooms +
- Superb Location in Plympton +
- Well Kept Throughout +
- Private Garden & Rear Courtyard +
An exciting opportunity to purchase a licenced HMO property which is currently fully let and can be found within a delightful private situation in the sought after town of Plympton. Generating an annual rental income of circa £37,200 per annum (Circa 9.9% Yield).
A period terraced property with accommodation over 3 floors which currently offers a sizeable licenced house of multiple occupancy. The property is in good condition throughout and offers accommodation including entrance hallway, living room, modern kitchen/breakfast room, six double bedrooms and four en-suite shower rooms. Being sold fully equipped with everything one would need, the property also benefits from uPVC double glazing and gas central heating throughout.
Plympton is an ancient stannary town which lies on the outskirts of the city of Plymouth. The area is very well regarded locally and boasts easy access into Plymouth City Centre as well as onto the A38 dual carriageway. A plethora of local amenities are located within Plympton, with The Ridgeway shopping centre being the heart of the town, offering a selection of local shops, restaurants, cafes and pubs. Regular bus routes operate through the area giving access into Plymouth and a number of other areas. The area is also well served by good local schools, with Old Priory Junior School, Plympton St Marys CofE Infant School and Plympton Acadamy being nearby .
Externally the property is approached from the end of a private lane via a stone-chipped pathway which leads along the front of the terrace. A front garden area sits immediately outside of the house itself and adjacent there is another private garden area solely for number 3 Old Priory. Within this garden area is a large storage shed housing an additional washing machine and tumble dryer and there is also parking available at the end of the lane.
Disclaimer: Photographs were taken prior to the property being tenanted.