Ready-made investment – central HMO producing £16,440 pa with 4 rooms let over 3 floors +
Communal kitchen, bathroom and shower room +
4 let bedrooms plus single room. +
Some electric heating +
On street parking - permits do apply. +
1385 sq ft +
B +
Freehold +
Guide price £190,000 - £200,000. Located in an exceptionally central and highly convenient position, this substantial four-bedroom HMO (House in Multiple Occupation) presents an excellent investment opportunity.The property is currently fully let to four long-standing tenants and generates an income of approximately £16,440 per annum, offering immediate and consistent returns.Arranged over three floors, the accommodation is both spacious and practical. On the ground floor, there is a bedroom to the front of the property, a communal kitchen to the rear, and a modern bathroom at the back of the house.The lower ground floor features a further bedroom and a living room that are open to one another, creating a generous and versatile space. This level also benefits from an additional shower room, adding convenience for tenants.On the first floor, there are two further letting rooms along with a small single communal room positioned at the front of the property.The house benefits from some electric heating and UPVC double glazing.Externally, to the rear, is a lovely sunny enclosed courtyard garden, which opens onto a small service lane, providing useful access.The location is a key selling point, with the city centre and the vibrant North Hill district just a short walk away, making this an extremely appealing rental position with strong ongoing demand.This is a superb opportunity for investors seeking a well-located, income-producing property with established tenants in situ.
Agent Details
Falcon Properties, Plymouth
01752 741945
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