5 Bed HMO, Plymouth, PL1 5DG £290,000

North Road West, Plymouth, PL1 5DG - 10 months ago
Sold STC
HMO
Inside Article 4
ROI: 8%
~178 m²
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+2 photos

ValuationUndervalued

Sold Prices£178K - £840K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.6K/m²

Value Estimate

£360,548
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£20,200

Total Cash In

£92,700

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£2,665

Running Costs/mo

£2,028

Cashflow/mo

£637

Cashflow/yr

£7,642

ROI

8%

Gross Yield

11%

Local Sold Prices

50 sold prices from £178K to £840K, average is £387.8K. £1.1K/m² to £4.8K/m², average is £2K/m².

Price
Date
Distance
Address
Beds
 
£200K03/230.02 mi252, North Road West, Plymouth, City Of Plymouth PL1 5DG5
£226K03/240.08 mi245, North Road West, Plymouth PL1 5DQ5
£226K03/240.08 mi245, North Road West, Plymouth PL1 5DQ5
£226K03/240.08 mi245, North Road West, Plymouth PL1 5DQ5
£212K06/210.08 mi244, Cecil Street, Plymouth, City Of Plymouth PL1 5HR5
£232.5K12/240.1 mi75, Cecil Street, Plymouth PL1 5HR5
£232.5K12/240.1 mi75, Cecil Street, Plymouth PL1 5HR5
£220K08/230.13 mi206, North Road West, Plymouth, City Of Plymouth PL1 5DE5
£178K01/230.14 mi22, Wyndham Street West, Plymouth, City Of Plymouth PL1 5ER5
£425.5K09/210.34 mi199, Stuart Road, Plymouth, Devon PL1 5LQ5
£375K08/230.34 mi195, Stuart Road, Plymouth, City Of Plymouth PL1 5LQ5
£430K02/250.35 mi102, Alma Road, Plymouth PL3 4HD5
£246K07/230.37 mi30, Clarence Place, Stonehouse, Plymouth, City Of Plymouth PL1 3JP5
£530K07/250.37 mi12, Earls Acre, Plymouth PL3 4HL5
£334K07/230.38 mi1, Palmerston Street, Plymouth, City Of Plymouth PL1 5LJ5
£215K02/250.45 mi18, Welbeck Avenue, Plymouth, City Of Plymouth PL4 6BG5
£230K05/230.49 mi6, Glen Park Avenue, Plymouth, City Of Plymouth PL4 6BA5
£670K07/220.52 mi40, Valletort Road, Plymouth PL1 5PN5
£480K05/240.52 mi42, Valletort Road, Plymouth PL1 5PN5
£480K05/240.52 mi42, Valletort Road, Plymouth PL1 5PN5
£460K03/230.53 mi77, Molesworth Road, Stoke, Plymouth, City Of Plymouth PL1 5PG5
£460K03/230.53 mi77, Molesworth Road, Stoke, Plymouth PL1 5PG5
£670K07/220.55 mi40, Valletort Road, Plymouth, City Of Plymouth PL1 5PN5
£615K02/230.62 mi12, St Lawrence Road, Plymouth, City Of Plymouth PL4 6HN5
£250K01/230.64 mi4, Beechwood Avenue, Plymouth, City Of Plymouth PL4 6PW5
£433.8K11/240.66 mi12, The Elms, Plymouth PL3 4BR5
£820K05/220.66 mi5, Collingwood Villas, Plymouth, City Of Plymouth PL1 5NZ5
£835K07/220.66 mi4, Collingwood Villas, Plymouth, City Of Plymouth PL1 5NZ5
£820K05/220.67 mi5, Collingwood Villas, Collingwood Road, Plymouth PL1 5NZ5
£835K07/220.68 mi4, Collingwood Villas, Collingwood Road, Plymouth PL1 5NZ5
£260K03/230.69 mi21, Abingdon Road, Plymouth, City Of Plymouth PL4 6HZ5
£610K11/240.7 mi54, Emma Place, Plymouth PL1 3QU5
£283K02/220.7 mi14, Mount Street, Greenbank, Plymouth PL4 8NZ5
£283K02/220.7 mi14, Mount Street, Greenbank, Plymouth PL4 8NZ5
£252K03/230.71 mi20, Grafton Road, Plymouth, City Of Plymouth PL4 6QR5
£212.5K02/250.72 mi7, Guildford Street, Plymouth PL4 8DS5
£383.5K06/230.76 mi91, Milehouse Road, Plymouth, City Of Plymouth PL3 4AE5
£221K09/210.76 mi142, Molesworth Road, Stoke, Plymouth, City Of Plymouth PL3 4AJ5
£840K03/220.76 mi7, Albemarle Villas, Plymouth PL1 5QZ5
£372.5K12/240.78 mi32, St Gabriels Avenue, Plymouth PL3 4JQ5
£363K09/210.78 mi7, Garfield Terrace, Plymouth, City Of Plymouth PL1 5NU5
£394K04/240.78 mi8, Garfield Terrace, Plymouth, City Of Plymouth PL1 5NU5
£392K12/220.78 mi9, Garfield Terrace, Plymouth, City Of Plymouth PL1 5NU5
£840K03/220.78 mi7, Albemarle Villas, Plymouth, City Of Plymouth PL1 5QZ5
£400K02/240.8 mi179, Devonport Road, Plymouth, City Of Plymouth PL1 5RN5
£635K06/210.84 mi6, Custom House Lane, Plymouth, City Of Plymouth PL1 3TG5
£550K01/230.84 mi114, Devonport Road, Plymouth PL1 5RG5
£550K01/230.84 mi114, Devonport Road, Plymouth PL1 5RG5
£550K01/230.84 mi114, Devonport Road, Plymouth, City Of Plymouth PL1 5RG5
£260K03/230.85 mi12, Alexandra Road, Mutley, Plymouth, City Of Plymouth PL4 7JR5

Local Area Statistics

Population in PL1

22,494

Population in Plymouth

238,914

Town centre distance

2.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £290,000

May 15, 2025

Price changed to £300,000

February 8, 2025

Listed for £320,000

January 24, 2025

Sold for £162,500

2005

Sold for £89,950

2002

Floor Plans

Property image

Description

  • FANTASTIC INVESTMENT +
  • HMO LICENSE +
  • GOOD CONDITION +
  • OVER THREE FLOORS +
  • VERSATILE LIVING SPACE +
  • REAR GARDEN +
  • CENTRAL LOCATION +

SUMMARY
Opportunity to purchase this fantastic investment, in a convenient central location offering, not only a brilliant income but also five double bedrooms, large living space, ample storage and modern condition whilst situated over three floors, with outdoor space to the rear. Book now!

DESCRIPTION
Opportunity to purchase this fantastic investment opportunity in a convenient central location offering, not only a brilliant income but also five double bedrooms, large living space, ample storage and modern condition whilst situated over three floors, with outdoor space to the rear.

On the lower ground floor, you will find a large communal lounge space, followed by a modern fitted kitchen with floor and wall units, two shower rooms, w.c., and a large utility.

The ground floor occupies three substantial double bedrooms, all with easy access to a w.c and with, double glazing, gas and central heating and built in sinks, with rooms also benefiting from retained period features.

The first floor continues the modern interior with two ample double bedrooms, one offering an en suite.

Externally, a low maintenance rear courtyard with the potential for parking and a brick built storage unit.

located in a central location close to a host of amenities and Plymouths city centre, making this the perfect investment vehicle.

Please contact the agent for further details.

Lower Ground Floor 

Lounge 13' 1" x 12' 9" ( 3.99m x 3.89m )

Kitchen/Diner 12' 6" x 13' 3" ( 3.81m x 4.04m )

Shower Room 

Shower Room 

W.C. 

Utility 

Ground Floor 

Bedroom Three 16' x 13' 3" ( 4.88m x 4.04m )

Bedroom Four 13' 2" x 13' 4" ( 4.01m x 4.06m )

Bedroom Five 9' 2" x 15' 1" ( 2.79m x 4.60m )

W.C. 

First Floor 

Bedroom One 18' 10" max x 13' 7" max ( 5.74m max x 4.14m max )

En-Suite 

Bedroom Two 13' 8" x 13' 4" ( 4.17m x 4.06m )

W.C. 

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Plymouth

01752 741984

Next Steps?

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