• Licensed Seven bedroom HMO on doorstep of the University and Train Station +
• Six bedroom HMO by the same landlords also available nearby with Francis Stuart +
• Self Managed and let a on 50-week academic contracts until Mid August 2026 +
• Gross annual income: £39,750 Net annual income: £34,862 (after running costs) +
• Hands-on, well-maintained property by long-term landlords +
• Shower room on the ground floor and a spacious bathroom on the first floor featuring a bath, separate shower, and WC. +
• Low-maintenance rear courtyard +
• On-street permit parking available via application to PCC +

North Road East is an impressive seven-bedroom licensed HMO, perfectly positioned right on the doorstep of Plymouth University, the train station, and local favourites such as Mrs Browns. The property has been carefully maintained by the current landlords, who take real pride in keeping it well presented and comfortable for their tenants. Their hands-on approach and consistent attention to detail ensure this home, like the rest of their portfolio – including a six-bedroom HMO also on the market with Francis Stuart in North Road East is always welcoming, practical, and maintained to a high standard. Inside, a bright and inviting entrance hall leads to a stylish, fully fitted kitchen with modern units, a dishwasher, and a breakfast bar — the perfect hub for cooking, socialising, and relaxing. The communal living area provides a spacious and comfortable setting for tenants to unwind together. There are seven good-sized letting rooms arranged over three levels, with a shower room on the ground floor and a spacious bathroom on the first floor featuring a bath, separate shower, and WC. To the rear is a low-maintenance courtyard, providing a practical outdoor space, and there is permit parking available once a permit has been applied for and accepted via Plymouth City Council Currently let on 50-week academic contracts until Mid August 2026 , the property generates a gross annual income of £39,750. After annual running costs of £4,888, this equates to a net income of £34,862, making it a smooth-running and profitable investment. Annual Running Costs (as provided by the landlord):
Internet: £348
TV Licence: £175
Utilities: £3,025
Water Rates: £1,340
Total: £4,888 Agents Note: The seller has advised that the potential gross rent for the next academic year 2026 - 2027 is expected to increase to £41,750 when fully let on a 50-week contract.
North Road East combines excellent presentation, efficient management, and strong rental performance, making it a ready-made turnkey investment in a prime and convenient location. Agent Note: We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence. There's no obligation to use our recommended providers.