MapGuide price
£475,00011 bedroom end of terrace house for sale
Lipson, Plymouth PL4
Added yesterday
End of terrace house
11 beds
3 baths
3,110 sq ft / 289 sq m
EPC rating: D
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Tenure: Freehold
- 11 Bedroom HMO
- Total Monthly Income £4,840 PCM
- 11.7% Gross Yield
- Property has established use as 11 Bed HMO
- Two Kitchens
- Three Bathrooms
- 9 Good Sized Bedrooms
- Currently Let to Professional Tenants
- Gas Central Heating
- Double Glazing
Guide Price £475,000 to £500,000
An exceptional investment opportunity on Lipson Road, Plymouth, this spacious and well-presented 11-bedroom HMO (House in Multiple Occupation) offers a fantastic potential return. Set over three floors, the double-fronted property features 9 generously sized double bedrooms, making it ideal for student accommodation or professional tenants.
The house benefits from 2 fully-equipped kitchens and 3 modern bathrooms, ensuring ample facilities for tenants. With a gross rental income of £5,270 per month, this property promises a solid income stream. Located just a short walk from Plymouth city centre, the property is ideally positioned for access to local amenities, transport links, and educational institutions.
Income Breakdown (Monthly):
Room 1: £475.00
Room 2: £500.00
Room 3: £410.00
Room 4: £380.00
Room 5: £430.00
Room 6: £485.00
Room 7: £450.00
Room 8: £455.00
Room 9: £435.00
Room 10: £390.00
Room 11: £430.00
Total Monthly Income: £4,840
Annual Income: £58,080
Expenditure Breakdown (Monthly):
Light/Power/Heating/Water: £520
Council Tax: £156
TV/Media/Internet/Telephone: £39
Cleaner: £72.15
Management: £696.96
Total Monthly Expenditure: £1484.11
Annual Expenditure: £17809.32
Net Annual Income: £40,280.68 (calculated as Total Income - Total Expenditure)
Gross Yield: 11.73% (calculated as Annual Income / Guide Price)
An exceptional investment opportunity on Lipson Road, Plymouth, this spacious and well-presented 11-bedroom HMO (House in Multiple Occupation) offers a fantastic potential return. Set over three floors, the double-fronted property features 9 generously sized double bedrooms, making it ideal for student accommodation or professional tenants.
The house benefits from 2 fully-equipped kitchens and 3 modern bathrooms, ensuring ample facilities for tenants. With a gross rental income of £5,270 per month, this property promises a solid income stream. Located just a short walk from Plymouth city centre, the property is ideally positioned for access to local amenities, transport links, and educational institutions.
Income Breakdown (Monthly):
Room 1: £475.00
Room 2: £500.00
Room 3: £410.00
Room 4: £380.00
Room 5: £430.00
Room 6: £485.00
Room 7: £450.00
Room 8: £455.00
Room 9: £435.00
Room 10: £390.00
Room 11: £430.00
Total Monthly Income: £4,840
Annual Income: £58,080
Expenditure Breakdown (Monthly):
Light/Power/Heating/Water: £520
Council Tax: £156
TV/Media/Internet/Telephone: £39
Cleaner: £72.15
Management: £696.96
Total Monthly Expenditure: £1484.11
Annual Expenditure: £17809.32
Net Annual Income: £40,280.68 (calculated as Total Income - Total Expenditure)
Gross Yield: 11.73% (calculated as Annual Income / Guide Price)
About this agent
If you are considering selling your home or already have it listed on the market, naturally, your goal is to secure the highest possible price with minimal effort. Acquiring the skill to discern the actions that lead to a premium price and those that are a waste of time and money takes considerable experience. While selling a property might seem straightforward, achieving a premium price is a different challenge altogether. Fortunately, we’re here to unveil some of our trade secrets through this comprehensive 13-step guide to success. A significant part of achieving success lies in the art of marketing, promotion, and viewing strategy. While presenting your property in perfect condition is crucial, neglecting these essential steps could hinder you from achieving the desired sale. Our success stems from diligently following these steps with each sale, resulting in consistently above-average national sales records. These steps go beyond simply listing the property on platforms like Zoopla or Rightmove and waiting for a sale to happen. While some agencies may opt for a quick and basic approach, we believe that our years of experience provide us with a competitive edge, enabling us to secure better value sales.