Super 11 Bed Professional HMO

This fully tenanted HMO investment in Plymouth offers a strong rental yield of 10.98% with an annual rental income of £98,796. The net rental income after bills and management costs stands at £5,550.05 per month, providing a solid return. The property consists of 11 self-contained units, including en-suite double rooms and studios, all under assured shorthold tenancy (AST) agreements with working tenants. It is fully managed by a local agent at a 15% fee, ensuring hassle-free ownership. The property holds a mandatory HMO license, with licensing for 11 occupants, and is currently awaiting renewal. Operating costs, including utilities and council tax, total approximately £1,448 per month.

Spanning four storeys, this semi-detached freehold property has been refurbished to a high standard and is in excellent condition. The accommodation includes 11 double en-suite rooms, six kitchens, and four reception rooms, providing ample communal space for tenants. The property benefits from full double glazing and gas central heating, ensuring energy efficiency and comfort. While there is no off-road parking, a private rear garden offers outdoor space. The current EPC rating is 67 (D), with a potential to improve to 84 (B). The HMO is fully compliant, with fire safety measures and wireless broadband included as part of the amenities, making it an attractive and well-equipped option for tenants.

Located in the desirable area of The Hoe in Plymouth, this property enjoys strong rental demand due to its proximity to key amenities and transport links. The location offers convenient access to the city centre, university, and waterfront, making it an appealing choice for professionals. With excellent public transport options and local services nearby, the area supports strong tenant retention and long-term capital growth potential. This property represents a prime investment opportunity in a sought-after market.