Furzehill Road, Plymouth, PL4 7JZ

Guide Price: £260,000 – £280,000

A superb turnkey HMO investment generating an estimated £35,340 gross annual income, fully let to professional tenants. This licensed six-bedroom HMO spans three floors and is ideally located in central Plymouth, just moments from Mutley Plain and key transport links.

The property offers generous, well-arranged accommodation, comprising six bedrooms, three modern shower rooms, a stylish communal lounge, a well-equipped kitchen, and a separate utility room. Each space has been thoughtfully designed for practicality and tenant comfort, making it an attractive and low-maintenance option for any investor.

Fully compliant with current HMO regulations and with established C4 usage, the property offers strong and stable returns from day one. Situated in one of Plymouth’s most in-demand rental areas, it benefits from consistently high occupancy and tenant demand.

Rental Income Breakdown:
Room 1: £525 pcm
Room 2: £452 pcm
Room 3: £440 pcm
Room 4: £500 pcm
Room 5: £525 pcm
Room 6: £440 pcm

Additional Income from Solar Panels: £63 pcm (£750 per annum)

Estimated Total Monthly Income: £2,945
Estimated Annual Gross Income: £35,340

Running Costs (Provided by Current Owner):

Electricity: £157 pcm
Gas: £198 pcm
Water: £125 pcm
Council Tax: £150.72 pcm
Cleaning: £128 pcm
Internet (Virgin Media high-speed): £39.80 pcm

Total Monthly Costs: Approx. £798.52
Estimated Net Monthly Income: ~£2,146.48
(Before allowances for maintenance, voids, or management fees)

This property is an ideal addition to any investor’s portfolio, offering strong yields, minimal upfront work, and an excellent central location.

Early viewing is strongly recommended to secure this high-performing 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.

In accordance with current Anti-Money Laundering (AML) regulations, all prospective purchasers are required to provide valid identification documents before a sale can be agreed and solicitors formally instructed. To facilitate these checks, a one-off charge of £30 (inclusive of VAT) applies. We kindly request that this cost be covered by you as part of the purchase process.