- MID TERRACED PROPERTY +
- HMO INVESTMENT +
- FIVE DOUBLE BEDROOMS +
- ANNUAL INCOME OF £28,800 +
- FIVE EN-SUITE SHOWER ROOMS +
- MODERN KITCHEN +
- WELL PRESENTED PROPERTY +
- NO ONWARD CHAIN +
- COUNCIL TAX BAND B +
- EPC RATING E +
SUMMARY We are delighted to present this meticulously maintained and fully tenanted 5-bedroom House in Multiple Occupation (HMO), currently generating a robust and attractive income stream of £28,800 per annum. This property offers an immediate and compelling return on investment for discerning buyers looking to expand their portfolio or make a strategic entry into the HMO sector.
LOCATION Morice Town, nestled in the heart of Plymouth, is a distinctive and evolving residential area steeped in naval history. Originally developed to house dockyard workers, its strong connection to the Royal Navy remains a defining characteristic, reflected in its architecture and local identity.
Today, Morice Town offers a diverse and increasingly vibrant community. Its streets are lined with a mix of traditional terraced housing, providing a sense of established character. The area is witnessing ongoing regeneration and investment, attracting new residents and businesses while retaining its authentic charm.
At the heart of Morice Town lies a friendly local atmosphere, with a strong sense of community spirit. Local shops cater to everyday needs, and community initiatives are fostering a renewed sense of pride in the area. Residents enjoy access to nearby parks and green spaces, offering opportunities for recreation and relaxation.
Morice Town benefits from its proximity to key Plymouth landmarks and amenities. The historic Devonport Dockyard is a significant presence, and the area offers convenient access to the city centre, major transport links, and employment opportunities.
DESCRIPTION The current owner has ensured the property has been exceptionally well maintained throughout its lifecycle, a testament to its quality and a significant benefit for any new investor. This commitment to upkeep not only provides a superior standard of living for the existing tenants but also minimizes potential future maintenance costs and ensures the longevity of the investment. A standout feature that significantly enhances its appeal to tenants is that each of the five well-proportioned bedrooms boasts its own modern and stylish en-suite shower room. This highly desirable amenity provides tenants with privacy and convenience, contributing to the property's consistent high occupancy rates and maximizing its rental potential.
The communal areas within the property, including the fully equipped kitchen, are also modern and thoughtfully appointed. This shared space offers a comfortable and functional environment for tenants to socialize and prepare meals, further enhancing the property's appeal and tenant satisfaction. The decor throughout the entire property is contemporary and aesthetically pleasing, creating a welcoming and attractive atmosphere that ensures strong and consistent tenant demand in the local rental market.
Externally, the property benefits from a private and enclosed courtyard rear garden. This valuable outdoor space provides tenants with a pleasant area for relaxation and recreation, a sought-after feature that further enhances the property's desirability and rental value.
Offered to the market with the significant advantage of no onward chain, this investment property is primed for a smooth and swift transaction. This eliminates any potential delays and allows the new owner to immediately benefit from the existing rental income. Don't miss this exceptional opportunity to acquire a high-yielding, well-managed HMO in a sought-after location. Early enquiry is highly recommended to avoid disappointment and secure this impressive investment. Contact us now for further details, including tenancy agreements and financial information!
VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.
NOTICE TO APPLICANTS
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Simply conveyancing. It is your decision whether you choose to deal with Simply. In making that decision, you should know that we receive an annual payments' benefits, equating to approximately £200 per referral.