No longer on the market
This property is no longer on the market
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Floorplans (
Map5 bedroom terraced house
Study
Sold STC
Terraced house
5 beds
2 baths
Key information
Features and description
- 4/5 bed hmo a must view
- High-yield investment – Generates £24,050 per annum with a 10% gross yield.
- Four large study bedrooms, all with double beds, ethernet, and TV points.
- Spacious communal lounge with a large flat-screen TV.
- Fully Let for 2024/25-2025/26.
- Two bathrooms – one with a bath and WC, plus an additional shower room with WC.
- Prime student location – just behind Aldi and close to Plymouth University.
- Council Tax Band: NA
- EPC: TBC
SUPERB INVESTMENT OPPORTUNITY – HIGH-YIELDING STUDENT HMO OR SALE – FULLY TENANTED 4-BED HMO – KENSINGTON ROAD, PLYMOUTH
Offers in Excess of £240,000 – Sold as a Going Concern
This fantastic opportunity offers a fully tenanted 4-bedroom HMO, providing a strong rental return and excellent long-term investment potential. Previously a 5-bedroom licensed HMO, the property has been reconfigured into a 4-bedroom home with additional communal space, appealing to student tenants seeking a more comfortable living environment. The property is fully let for the next academic year, generating a rental income of £24,050 per annum. At the asking price, this offers a strong gross yield of approximately 10%. The property has proven to be consistently popular with students due to its location and layout, which includes four large study bedrooms, all with double beds, hardwired Ethernet, and TV points. Room 4 benefits from its own study/lounge area, while the spacious communal lounge comes equipped with a large flat-screen TV. The modern fitted kitchen includes appliances, and there are two bathrooms – one with a bath and WC, plus an additional shower room with WC. Permit parking is available nearby.
The property is situated in an exceptional student hotspot, just behind Aldi and a short walk to the University of Plymouth, surrounded by local amenities such as shops, pubs, and restaurants. There are excellent transport links to the city centre and beyond. This presents an outstanding investment opportunity for both experienced landlords and those looking to expand their buy-to-let portfolio.
The property is fully let until 3rd August, with a new tenancy secured from 1st September on a 50-week contract. The gross annual rental income is £24,050. The annual running costs for gas and electric are £1,582, water is £1,298 (non-metered at £108.18/month), broadband costs £54/month for 350 mbps (with 450 mbps available for £35 + VAT), and the TV licence is £174.50/year. There are no management costs. After deducting the annual running costs of £4,108.50, the net income for the property is £19,941.50. With a purchase price of £240,000, this results in a net return of approximately 8.48%.
Contact us today to arrange a viewing or discuss further details.
Included with the student property is a full range of furniture and white goods, such as sofas, tables, beds, mattresses, and kitchen appliances. This does not include personal belongings, but the inclusion of all essential furnishings provides excellent value for money, saving tenants and prospective buyers the significant cost and hassle of purchasing these items themselves.
MUTLEY PLAIN: is a vibrant and bustling main street in Plymouth, Devon, at the heart of the popular Mutley area. Originally developed as a smart, tree-lined avenue in the late Victorian era, it has evolved into a thriving hub of shops, cafés, bars, and essential amenities. Serving as a key route through the city, the B3250 dual carriageway runs through Mutley Plain, featuring multiple pedestrian crossings for easy access to its many businesses. Conveniently located between Plymouth's city centre and the affluent northern suburbs, Mutley Plain remains a sought-after area for residents, students, and professionals alike.
PLYMOUTH: Britain's Ocean City, is one of Europe's most vibrant waterfront cities. Located by a stunning waterfront and harbour, Plymouth is the perfect place to buy property.
VIEWINGS: We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please [use Contact Agent Button].
STAMP DUTY LAND TAX: Stamp Duty Land Tax (SDLT) or Land and Buildings Transaction Tax (LBTT) may apply in certain circumstances. Buyers are advised to check their liability before proceeding with a purchase.
SERVICES: Mains gas, electricity, water and drainage.
GENRERAL PROPERTY DESCRIPTION: Whilst every effort has been made to ensure the accuracy of these details, we cannot guarantee their completeness or correctness. Buyers are advised to conduct their own investigations before making any financial commitment.
CITY COUNCIL TAX BAND: We understand this property falls within Plymouth City Council Tax Band N/A. However, buyers should verify this information directly with Plymouth City Council before making any decisions.
SERVICES: Mains gas, electricity, water and drainage.
Offers in Excess of £240,000 – Sold as a Going Concern
This fantastic opportunity offers a fully tenanted 4-bedroom HMO, providing a strong rental return and excellent long-term investment potential. Previously a 5-bedroom licensed HMO, the property has been reconfigured into a 4-bedroom home with additional communal space, appealing to student tenants seeking a more comfortable living environment. The property is fully let for the next academic year, generating a rental income of £24,050 per annum. At the asking price, this offers a strong gross yield of approximately 10%. The property has proven to be consistently popular with students due to its location and layout, which includes four large study bedrooms, all with double beds, hardwired Ethernet, and TV points. Room 4 benefits from its own study/lounge area, while the spacious communal lounge comes equipped with a large flat-screen TV. The modern fitted kitchen includes appliances, and there are two bathrooms – one with a bath and WC, plus an additional shower room with WC. Permit parking is available nearby.
The property is situated in an exceptional student hotspot, just behind Aldi and a short walk to the University of Plymouth, surrounded by local amenities such as shops, pubs, and restaurants. There are excellent transport links to the city centre and beyond. This presents an outstanding investment opportunity for both experienced landlords and those looking to expand their buy-to-let portfolio.
The property is fully let until 3rd August, with a new tenancy secured from 1st September on a 50-week contract. The gross annual rental income is £24,050. The annual running costs for gas and electric are £1,582, water is £1,298 (non-metered at £108.18/month), broadband costs £54/month for 350 mbps (with 450 mbps available for £35 + VAT), and the TV licence is £174.50/year. There are no management costs. After deducting the annual running costs of £4,108.50, the net income for the property is £19,941.50. With a purchase price of £240,000, this results in a net return of approximately 8.48%.
Contact us today to arrange a viewing or discuss further details.
Included with the student property is a full range of furniture and white goods, such as sofas, tables, beds, mattresses, and kitchen appliances. This does not include personal belongings, but the inclusion of all essential furnishings provides excellent value for money, saving tenants and prospective buyers the significant cost and hassle of purchasing these items themselves.
MUTLEY PLAIN: is a vibrant and bustling main street in Plymouth, Devon, at the heart of the popular Mutley area. Originally developed as a smart, tree-lined avenue in the late Victorian era, it has evolved into a thriving hub of shops, cafés, bars, and essential amenities. Serving as a key route through the city, the B3250 dual carriageway runs through Mutley Plain, featuring multiple pedestrian crossings for easy access to its many businesses. Conveniently located between Plymouth's city centre and the affluent northern suburbs, Mutley Plain remains a sought-after area for residents, students, and professionals alike.
PLYMOUTH: Britain's Ocean City, is one of Europe's most vibrant waterfront cities. Located by a stunning waterfront and harbour, Plymouth is the perfect place to buy property.
VIEWINGS: We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please [use Contact Agent Button].
STAMP DUTY LAND TAX: Stamp Duty Land Tax (SDLT) or Land and Buildings Transaction Tax (LBTT) may apply in certain circumstances. Buyers are advised to check their liability before proceeding with a purchase.
SERVICES: Mains gas, electricity, water and drainage.
GENRERAL PROPERTY DESCRIPTION: Whilst every effort has been made to ensure the accuracy of these details, we cannot guarantee their completeness or correctness. Buyers are advised to conduct their own investigations before making any financial commitment.
CITY COUNCIL TAX BAND: We understand this property falls within Plymouth City Council Tax Band N/A. However, buyers should verify this information directly with Plymouth City Council before making any decisions.
SERVICES: Mains gas, electricity, water and drainage.
Property information from this agent
About this agent
Welcome to Hindhead Property where we pride ourselves on being the most innovative and driven estate agents in Plymouth. Having opened in April 2015 we have achieved dramatic results from our proactive approach of matching buyers with sellers and tenants with landlords. Our family run business puts service at the forefront of everything that we do. Both our residential sales and lettings teams have a “keep it in Plymouth” policy which means we endeavour to work in partnership with other local businesses and instruct local tradesmen. In an industry that has not always lived up expectations, we know that the training and knowledge we obtain from professional organisations such as the NAEA and ARLA, stand us out from 95% of our competition. Our team has over 30 years’ experience of both local and corporate agency. We have learnt from both the good and the bad in the industry and have used these experiences to provide a rounded service based on results for our clients. Our simple aim is to sell or let our vendors or landlord’s properties at the best possible price, in the quickest timescale.