- Investment Opportunity
- Rental Income £30,100 on 10 Month Basis
- Licenced HMO
- 8 Letting Rooms -2 Communal/ Kitchen Areas
- City Centre Location - Close To University
- Registered With University - 'A' Grade
- 4 Car Parking Spaces & Single Garage
- No Chain
- Mains Gas Central Heating
- Popular Student Location
FULL DESCRIPTION On entering the property from a paved path and parking area for four cars, you are greeted by a formal entrance hall, having doors leading off to all ground floor rooms, a door leading out to the rear courtyard area and staircase ascending to the first and second floor of the dwelling. On the ground floor you will find a separate sitting room and kitchen, communal wet room and letting rooms 1 and 2. The original staircase ascends to the first floor having split level landing with doors off to a further three letting rooms and communal sitting room/kitchen and separate shower room. The staircase continues to the second floor where you find the remaining three letting rooms. All eight letting rooms are of ample size comprising fully double glazing and carpeted, complete with all furniture and fittings.
LIVING ROOM 19' 3" x 10' 2" (5.87m x 3.1m)
KITCHEN 10' 3" x 8' 8" (3.12m x 2.64m)
BEDROOM 1 14' 3" x 13' 6" (4.34m x 4.11m)
BEDROOM 2 13' 5" x 12' 2" (4.09m x 3.71m)
LIVING ROOM / KITCHEN 23' 0" x 10' 3" (7.01m x 3.12m)
BEDROOM 3 13' 6" x 11' 0" (4.11m x 3.35m)
BEDROOM 4 13' 8" x 10' 1" (4.17m x 3.07m)
BEDROOM 5 10' 4" x 7' 11" (3.15m x 2.41m)
BEDROOM 6 14' 0" x 11' 0" (4.27m x 3.35m)
BEDROOM 7 13' 10" x 8' 11" (4.22m x 2.72m)
BEDROOM 8 10' 8" x 7' 9" (3.25m x 2.36m)
SINGLE GARAGE The Single Garage is situated to the rear of the property having ample room for a car and has a sliding entrance door leading in.
OUTSIDE To the front of the property, there is car parking space for four cars on a concrete hardstanding. The rear, a communal courtyard, have built in BBQ is of ample size running the later rear half of the property, around the side of the garage.
NOTES TO PURCHASERS 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.
AGENTS NOTES This property is being offered with the full freehold and no onward chain and all eight room currently let totalling £3,010 a calendar month, (based on 12 months let). In terms of a rental value to a property investor, this would provide an annual return to any investor of £36,120. Investors would look for returns on these type of properties in Plymouth of c. 8-10% gross, having a 10.6% return. The property would be a great investment for someone wanting an ongoing business.
VIEWING ARRANGEMENTS Interested applicants should call Martin & Co (Plymouth) today on[use Contact Agent Button] in order to arrange their viewing appointment.
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