North Road East, Plymouth, PL4 6AN

Guide Price £300,000 - £315,000

This exceptional licensed HMO  in North Road East offers six spacious letting rooms, including one en-suite, in a prime central location just a short stroll from Plymouth University, the train station, and local favourites such as Mrs Browns. Every corner of the property reflects the care and dedication of the landlords, who have remained actively involved throughout the HMO journey, ensuring that the property is presented to a consistently high standard and offering a welcoming, comfortable home for tenants.

Step inside to a bright and inviting entrance hall leading into a modern kitchen and communal living space. The kitchen is fitted with quality units, integrated appliances, and a breakfast bar, creating the perfect hub for tenants to socialise, cook, and unwind. The rooms are generously sized, light-filled, and thoughtfully maintained, giving a sense of space and comfort on every floor. On the first floor, tenants enjoy three bedrooms including the en-suite alongside a contemporary communal shower room and additional separate WC. The second floor houses two further well-proportioned bedrooms, all designed for privacy and ease of living.

The landlords’ commitment to the property is evident in the attention to detail and high-quality finish throughout, from the well-kept communal areas to the consistently excellent standard of each letting room. This proactive approach has created a property that is not only attractive to tenants but also generates strong, reliable rental income.

Currently fully let on 50-week academic contracts, the HMO produces a gross annual income of £35,300, with annual costs of £4,736, leaving a net income of £30,564.

Running Costs (Per Annum) – Provided by Landlord

Internet: £348
TV Licence: £175
Utilities: £2,817
Water Rates: £1,397
Total Annual Costs: £4,736
Net Income (fully let): £30,564