- Spacious, licensed 6 Letting Room HMO property +
- Producing £36,500 gross income. +
- Rental Yield of 11.4% Gross +
- Spacious Communal Kitchen with Appliances +
- Garage to rear with Planning Permission to convert into additional En-Suite Letting Room +
- Sought After Central Location +
- Walking Distance to University and Train Station +
- Two Bathrooms +
- EPC D +
- Council Tax Band B +
11.4% Yield - Producing £36,500 - Nestled in the heart of Plymouth on the sought-after Wilton Street, this charming terraced house presents an excellent opportunity for investors. Spanning an impressive 1,442 square feet, this older property, built in 1901, boasts a wealth of character and space.
The house features six generously sized bedrooms, making it a lucrative House in Multiple Occupation (HMO). With one reception room, the property offers a comfortable living area that can be tailored to suit your lifestyle. The two bathrooms provide ample facilities for residents, ensuring convenience and privacy.
Currently fully let, this property generates an impressive income of £36,500, making it a sound investment for those looking to expand their portfolio. Additionally, the property comes with planning permission for a garage conversion, presenting an exciting opportunity to enhance its value further. (24/00277FUL)
Parking is available for one vehicle, a valuable asset in this popular location. Wilton Street is well-regarded for its community feel and proximity to local amenities, schools, and transport links, making it an attractive choice for tenants and homeowners alike.
In summary, this terraced house on Wilton Street is a rare find, combining spacious living with a strong rental income potential. Whether you are looking to invest or seeking a family home in a vibrant area, this property is not to be missed.