Lipson Road, Plymouth, PL4 8PL

Guide Price £400,000 to £425,000

A superb turnkey HMO investment generating an estimated £50,400 gross annual income, currently fully let to professional tenants. This licensed 9-bed property is located in a prime central Plymouth location close to the University, Mutley Plain, and city centre.

This substantial property boasts nine generously sized bedrooms thoughtfully arranged over three floors, providing ample space and comfort for professional tenants. The layout includes a modern communal lounge and a well-equipped fitted kitchen, offering a welcoming and practical environment for shared living. The property is further enhanced by three contemporary shower rooms and multiple WCs, ensuring convenience and functionality for all occupants.

Fully compliant with HMO regulations and benefiting from full planning permission, this investment is ready to deliver from day one. Located in a prime rental area, just minutes from Plymouth University, the city centre, and key transport links, the property enjoys consistently high demand. Currently let to professional tenants, it offers a stable income stream and an excellent yield for investors seeking a high-performing, turnkey asset.

Rental Income Breakdown:

Room 1: £465 pcm
Room 2: £480 pcm
Room 3: £450 pcm
Room 4: £495 pcm
Room 5: £465 pcm
Room 6: £480 pcm
Room 7: £485 pcm
Room 8: £380 pcm
Room 9: £500 pcm

Estimated Monthly Income: £4,200
Estimated Annual Income: £50,400

Landlord Expenses (as provided by current owner):

Electricity: Approx. £183 pcm
Gas: Approx. £213 pcm
Water: £166.25 pcm
Council Tax: £136 pcm
Internet (Virgin Media – high-speed package): £83 pcm

Total Monthly Running Costs: Approx. £781.25
Estimated Net Monthly Income (before maintenance/voids/management): ~£3,418.75

This HMO is ideal for investors seeking a stable, income-producing asset in one of Plymouth’s strongest rental zones. Properties of this size and quality, with full occupancy and professional tenants in situ, are rarely available on the open market.

Early viewing is highly recommended to secure this superb investment opportunity.

Agent Note:

We may introduce buyers and sellers to our panel of carefully selected Conveyancers, Mortgage or surveyor services. The choice to use their services is entirely yours. If you opt to proceed, please be aware that we will receive an average referral fee of £120-£200 (including VAT) from the firm for the introduction. These firms have been chosen based on their strong local reputation and proven track record of excellence.

There’s no obligation to use our recommended providers.

To comply with Anti-Money Laundering regulations, all prospective purchasers must provide identification documents before a sale is agreed upon and solicitors are instructed. The cost of these checks is currently £12 (including VAT) per check, which we request you cover.