Property Description

Situated in a popular location in Mannamead this 3 storey HMO offers a great return on the your investment. The property will be fully let on completion to any new buyer but currently 4 of the rooms are let to long term tenants each paying £500pcm. When fully let the property brings in a gross income of £30,000 per annum, giving a potential yield of 11.3% based on the asking price.

The property has one large bathroom with a bath and separate shower, all of the letting rooms are double rooms and on the lower ground floor there is the communal living room and kitchen.

At the rear of the property there is a small garden and patio leading to the double garage. The garage offer plenty of space for storage for the tenants or room for 2 vehicles.

Area Description

Plymouth, Britain’s Ocean City, is one of Europe’s most vibrant waterfront cities. Located in one of the most beautiful locations imaginable, Plymouth is sandwiched between the incredible South West coastline and the wild beauty of Dartmoor National Park.
There’s everything you’d expect to find in a cool, cultural city, with great shopping, arts and entertainment. But there’s also hundreds of years of history to uncover, from Sir Francis Drake and the Spanish Armada to the Mayflower sailing in 1620, to a city rebuilt following the Blitz during World War II. With easy access to Exeter and its International Airport and a mainline train station giving direct access to London and a ferry port offering sea crossings to both France and Spain.

Council Tax Band - B
EPC Rating - C
Tenure - Freehold

Bedroom 1: 16'2" x 15'7" (4.93m x 4.75m)

Living Room: 13'7" x 12'3" (4.15m x 3.75m)

Kitchen: 10'0" x 9'3" (3.06m x 2.82m)

Bedroom 2: 15'3" x 12'8" (4.66m x 3.87m)

Bedroom 3: 12'11" x 10'4" (3.94m x 3.17m)

Bathroom: 9'2" x 9'1" (2.80m x 2.77m)

Bedroom 4: 12'9" x 10'11" (3.89m x 3.35m)

Bedroom 5: 16'2" x 12'8" (4.95m x 3.87m)

Disclaimer:
DISCLAIMER: Whilst these particulars are believed to be correct and are given in good faith, they are not warranted, and any interested parties must satisfy themselves by inspection, or otherwise, as to the correctness of each of them. These particulars do not constitute an offer or contract or part thereof and areas, measurements and distances are given as a guide only. Photographs depict only certain parts of the property. Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances.