10 Bed HMO, Plymouth, PL7 4DY £425,000

• Semi Detached +
• Period Villa Style House +
• 10 Letting Rooms with Wash Hand Basins +
• Car Park for Approx. 11 Cars +
• Sought After Private Road +
• Currently arranged as a 7 Bedroom HMO & 3 Bedroom Self Contained Flat +
• Gas Central Heating & Double Glazing +
• Rear Gardens and Patio +
• Individual Kitchens for HMO & Flat +
• Strong Income & Yield +

Guide Price: £425,000-£475,000 A 10 Letting Bedroom House arranged as 7 bedroom HMO (House in Multiple Occupation) and a 3 bedroom self contained flat currently generating a very good yield. The property is located on a private road in Plympton, a sought-after area in Plymouth, making it an excellent choice for investment. It is offered with a guide price of £425,000 - £475,000. This property is well-suited for investors looking for a steady rental income or even for those considering converting the building into a family home. Property Features: HMO Status & Licence: The property holds a valid HMO licence, meaning it meets the necessary standards for rental properties with multiple tenants. This is particularly important for compliance with local regulations governing shared housing. 10 Bedrooms: The property boasts 10 bedrooms some benefiting from en-suites. This setup offers tenants privacy and convenience, making it attractive to professionals or students looking for shared living space. Private Road: The property is located on a private road, offering extra security and peace of mind for tenants and owners. This is a desirable feature that adds to the overall appeal of the location. Kitchens & Breakfast Area: The property has two fully-equipped kitchens, providing ample cooking space for the tenants. There is also a breakfast area, which serves as a communal space where tenants can gather. This is a great feature for an HMO as it encourages a shared living environment while still maintaining privacy. Rear Gardens: The property includes a rear garden, offering outdoor space for tenants to relax or enjoy the fresh air. Gardens are often a valuable feature for tenants, especially in a shared living situation. Car Parking: There is car parking for 11 cars on the property, which is a significant asset, especially in a popular residential area. The ample parking space ensures that tenants with cars have a designated spot, which is often in demand for shared houses. Location:
Plympton, Plymouth: The property is located in Plympton, which is a popular and well-connected area in Plymouth, known for its family-friendly atmosphere, good schools, and access to local amenities. It’s also well-served by transport links, making it attractive for people working in Plymouth city centre or beyond.
The property’s location on a private gated road offers a quiet and secure environment, ideal for tenants looking for a peaceful place to live. 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. Even with the higher guide price, the rental income provides a solid return on investment. The combination of en-suites, bathrooms, ample parking, and communal spaces makes it a highly marketable HMO, likely to attract reliable tenants and ensure consistent rental income. Conversion Potential:
While the property is currently set up as an HMO, it could also be converted into a family home if preferred. With its spacious layout, large number of bedrooms, and ample living spaces, the building offers flexibility to be reconfigured to suit different needs. 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. Summary:
This property offers an excellent opportunity for investors looking for a fully occupied HMO with a reliable income stream. Located in the desirable area of Plympton, Plymouth, it offers features that appeal to tenants, including en-suites, ample parking, and communal kitchen and living areas. The private gated road, rear gardens, and convenient location make it an attractive investment. 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.