- HMO +
- 12.7% GROSS YEILD +
- NEW GRADE 1 FIRE ALARM +
- 2 BATHROOMS +
- KITCHEN & LAUNDRETTE AREA +
- ANNUAL INCOME OF £54,080 +
- NEW BOILER NEW FUSE BOX +
- COMMUNAL LOUNGE & KITCHEN +
- DOWNSTAIRS WC +
- REAR GARDEN +
This 8-bedroom end-of-terrace property in Mutley Plain, Plymouth, represents an outstanding investment opportunity, especially for those seeking a steady and substantial income stream. With a fully-let status and an impressive annual rental income of £54,080, this property promises excellent returns.
Prime Location
Mutley Plain is a vibrant and popular area known for its high demand for rental properties, particularly HMOs. The property's strategic location within walking distance to Mutley Plain High Street ensures high tenant occupancy rates. The area is bustling with local amenities, including shops, restaurants, takeaways, and cafes, providing convenience for residents. The well-connected bus routes also make commuting around Plymouth effortless, adding to the appeal for tenants, particularly students and young professionals.
Property Features
Bedrooms: The property features 8 generously sized double bedrooms, offering ample living space for each tenant. The spacious layout ensures a comfortable living experience, which is crucial for tenant satisfaction and retention.
Bathrooms: Spread across three floors, the property has a bathroom on each level, which minimizes wait times and enhances convenience for tenants, making it suitable for shared living.
Communal Areas: The property includes a communal lounge, ideal for socializing, and a well-equipped kitchen that serves as a hub for daily activities. Additionally, the top floor houses a separate kitchen and a dedicated laundrette area, catering to the needs of multiple tenants without overcrowding the main communal space.
Outdoor Space: The front and rear level-access gardens are rare and valuable features in a city setting. These outdoor areas provide tenants with a space to relax, socialize, or even engage in gardening, enhancing the overall living experience.