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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 yearly income of £58,080, 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
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