- High-Yield Potential: The property at 56 Lisson Grove offers an estimated gross yield of 11.32% and a net yield of 7.58%, delivering solid returns. +
- Vacant Add-Value Opportunity: Currently vacant so this is a perfect add-value investment opportunity. +
- Prime Location in Plymouth: Located in the desirable PL4 area, near Plymouth city centre and the University of Plymouth, attracting both students and young professionals. +
- Consistent Tenant Demand: Close to major employers such as the University, Derriford Hospital, and Devonport Dockyard, providing a steady flow of potential tenants. +
- Excellent Transport Links: Proximity to Plymouth train station, A38 dual carriageway, and reliable local bus routes ensures easy access to larger cities and surrounding areas. +
- Ongoing Regeneration: Plymouth’s £1 billion Joint Local Plan and waterfront redevelopment projects are set to boost property values and economic growth. +
- Manageable Operating Costs: Estimated annual expenses of £9,912.00 contribute to a healthy net yield with manageable overheads. +
- Vibrant City Amenities: Nearby attractions like the Barbican, Hoe Park, and Drake Circus enhance tenant appeal, making the property highly attractive for shared accommodation. +
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Attractive Add-Value Investment Opportunity
Address: 56 Lisson Grove, Plymouth, PL4 7DN
Property Type: 5-Bed HMO (2 Shared Bathrooms, 1 WC)
Current Status: Vacant
Investment Summary
Located in Plymouth, Devon, a city with a thriving economy and high demand for shared accommodation, 56 Lisson Grove offers an excellent opportunity for investors. The property is fully compliant as an add-value HMO but would also be a great fixer-upper family home. Situated in the desirable PL4 area, close to Plymouth city centre and the University of Plymouth, this property is highly attractive to both students and young professionals. Plymouth’s tenant demand is fuelled by significant employers such as the University, Derriford Hospital, and the Devonport Dockyard. This diverse employment base ensures a steady flow of tenants, with demand from students and professionals in healthcare, education, and defence sectors.
Prime Location with Strong Transport Links
Plymouth’s excellent transport connections further enhance the appeal of this investment. The central train station provides direct services to London Paddington, Exeter, and Bristol, making it a viable choice for tenants who require connectivity to major cities. The A38 dual carriageway offers easy access to Cornwall and the M5 motorway, connecting Plymouth to the wider South West. Local bus routes ensure reliable transport throughout the city, making Lisson Grove a convenient choice for tenants who value accessibility.
Regeneration and Growth Potential
Plymouth is currently undergoing substantial regeneration, with projects such as the £1 billion Plymouth and South West Devon Joint Local Plan, focused on improving infrastructure, housing, and economic development. Key initiatives include the revitalization of the waterfront area and projects like the Box cultural centre and Oceansgate marine enterprise zone, which aim to attract businesses and enhance the area’s desirability. With a combination of tenant demand, excellent amenities, and ongoing regeneration efforts, this property is well-positioned to benefit from both strong rental yields and long-term appreciation potential.
Financial Summary
Estimated Income Breakdown (Monthly):
Room 1: £500.00
Room 2: £500.00
Room 3: £500.00
Room 4: £500.00
Room 5: £500.00
Total Monthly Income: £2,500.00
Estimated Annual Income: £30,000.00
Estimated Expenditure Breakdown (Monthly):
Gas and Electric: £450.00
Water: £100.00
Council Tax: £144.00
TV License: £12.00
Broadband: £45.00
Cleaner: £75.00
Management: Not listed
Total Monthly Expenditure: £826.00
Annual Expenditure: £9,912.00
Net Annual Income: £20,088.00 (calculated as Total Income - Total Expenditure)
Yields
Gross Yield: 11.32% (calculated as Annual Income / Sale Price)
Net Yield: 7.58% (calculated as Net Annual Income / Sale Price)
Commentary
The property at 56 Lisson Grove, Plymouth, is projected to generate an annual income of £30,000.00, resulting in a gross yield of 11.32%. With estimated annual expenses of £9,912.00, the net annual income stands at £20,088.00, yielding a net return of 7.58%. The manageable utility costs contribute to a healthy net yield, making this property a promising option for investors seeking strong returns and low operational costs.