6 Bed HMO, Plymouth, PL1 5JZ £300,000

Francis Street, Plymouth, Devon, PL1 5JZ - 6 views - 9 months ago
HMO
ROI: 12%
~103 m²
Property image
Property image

ValuationOvervalued

Sold Prices£165K - £1.1M
Sold Prices/m²£1.1K/m² - £2.5K/m²

 

 

Square Metres

~102.66 m²
Price/m²£2.9K/m²

Value Estimate

£169,967

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Total Cash In

£96,200

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£3,276

Running Costs/mo

£2,282

Cashflow/mo

£994

Cashflow/yr

£11,928

ROI

12%

Gross Yield

13%

Local Sold Prices

31 sold prices from £165K to £1.1M, average is £400K. £1.1K/m² to £2.5K/m², average is £1.6K/m².

Price
Date
Distance
Address
Beds
 
£241K06/210.3 mi57, Stuart Road, Plymouth, City Of Plymouth PL1 5LW6
£367K01/240.36 mi10, Rutger Place, Plymouth, City Of Plymouth PL1 5LN6
£200K05/230.41 mi182, North Road West, Plymouth, City Of Plymouth PL1 5BY6
£413.5K06/230.52 mi30, Athenaeum Street, Plymouth, City Of Plymouth PL1 2RQ6
£890K09/230.61 mi5, Penlee Gardens, Plymouth, City Of Plymouth PL3 4AN6
£495K06/210.65 mi44, Pier Street, Plymouth, City Of Plymouth PL1 3BT6
£750K07/230.76 mi153, Durnford Street, Plymouth, City Of Plymouth PL1 3QR6
£400K09/210.77 mi9, Napier Street, Plymouth, City Of Plymouth PL1 4QX6
£283K02/220.87 mi14, Mount Street, Plymouth, City Of Plymouth PL4 8NZ6
£275K06/250.94 mi5, Pentillie Crescent, Ford Park Road, Plymouth PL4 6NY6
£275K06/250.94 mi5, Pentillie Crescent, Ford Park Road, Plymouth PL4 6NY6
£575K08/221.05 mi2, Lipson Road, Plymouth PL4 8PN6
£575K08/221.05 mi2, Lipson Road, Plymouth PL4 8PN6
£575K08/221.06 mi2, Lipson Road, Plymouth, City Of Plymouth PL4 8PN6
£282K06/231.13 mi35, Furzehill Road, Plymouth, City Of Plymouth PL4 7JZ6
£515K08/231.16 mi5, Lockyer Road, Plymouth, City Of Plymouth PL3 4RL6
£255K06/251.16 mi42, Furzehill Road, Plymouth PL4 7JZ6
£255K06/251.16 mi42, Furzehill Road, Plymouth PL4 7JZ6
£265K01/251.18 mi20, St Judes Road, Plymouth PL4 9HT6
£200K03/231.23 mi79, Belgrave Road, Plymouth, City Of Plymouth PL4 7DR6
£520K06/211.23 mi60, Furneaux Road, Plymouth, City Of Plymouth PL2 3EU6
£640K11/221.31 mi1, Queens Road, Lipson, Plymouth, City Of Plymouth PL4 7PJ6
£165K05/231.37 mi69, Embankment Road, Plymouth, City Of Plymouth PL4 9HX6
£1.1M12/221.43 mi16, Seymour Drive, Plymouth, City Of Plymouth PL3 5BG6
£195K09/241.62 mi95, Ladysmith Road, Plymouth PL4 7NW6
£195K09/241.62 mi95, Ladysmith Road, Plymouth PL4 7NW6
£195K09/241.67 mi95, Ladysmith Road, Plymouth, City Of Plymouth PL4 7NW6
£1.1M08/221.8 mi7, Bainbridge Avenue, Plymouth, City Of Plymouth PL3 5QY6
£640K06/211.83 mi77, Eggbuckland Road, Plymouth, City Of Plymouth PL3 5JR6
£575K01/251.89 mi18, Torland Road, Plymouth PL3 5TS6
£575K01/251.89 mi18, Torland Road, Plymouth PL3 5TS6

Local Area Statistics

Population in PL1

22,494

Population in Plymouth

238,914

Town centre distance

2.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £300,000

May 15, 2025

Listed for £350,000

February 6, 2025

Floor Plans

Property image

Description

This well-maintained and fully tenanted 6-bedroom HMO property on Francis Street presents a lucrative investment opportunity or for a large family home, currently generating an impressive gross yield of over 12%. The property is thoughtfully designed to maximize both comfort and practicality for tenants. The spacious communal areas include a well-proportioned living room, a fully equipped kitchen, and a separate utility area, ensuring convenience and functionality for shared living. The layout is efficiently structured, with two generously sized bedrooms on the ground floor and four additional bedrooms on the first floor, providing ample accommodation. The property also features two shared bathrooms, ensuring convenience for all occupants. Externally, tenants or a famiy can enjoy a private courtyard garden. With a strong rental income, modern amenities, and an ideal location, this property is a fantastic addition to any investment portfolio or a family home. Whether you are an experienced investor or looking to expand your portfolio, this high-yielding HMO offers both stability and long-term growth potential. EPC: D

Agent Details

Pilkington Estates, Stoke

01752 741329

Next Steps?

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