College Avenue, Plymouth
- PROPERTY TYPE
Town House
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Description
Investment Opportunity, Professional let in College Avenue, Mutley, Plymouth
A superb opportunity to acquire a fully licensed six-bedroom professional HMO in one of Plymouth's most established rental locations. Situated at the upper end of Mutley Plain, this substantial four-storey townhouse is currently fully occupied by working professionals and produces an annual rental income of £43,236 per annum (£3,603 PCM), offering investors an immediate income-producing, turn-key asset.
Beautifully presented throughout, the property has been refurbished to a high standard and is configured to maximise tenant appeal. Arranged over four floors, the accommodation comprises six spacious and fully furnished letting rooms, including a principal bedroom with its own en-suite shower room and elevated city views.
The heart of the property is the impressive open-plan kitchen, dining and living area located on the lower ground floor. This generous communal space provides modern kitchen facilities, ample dining space and a comfortable lounge area with patio doors opening directly onto a raised decked terrace and enclosed rear garden.
Further benefits include two communal shower rooms, gas central heating, excellent connectivity and a highly desirable location within walking distance of Mutley Plain, Plymouth City Centre, the University of Plymouth and Plymouth Railway Station.
This represents a rare opportunity to acquire a fully operational and licensed HMO with established occupancy and proven rental performance in a consistently strong lettings market.
Key Investment Highlights
- Fully Licensed 6 Bedroom Professional HMO
- Fully Let to Working Professionals
- Rental Income: £3,603 PCM (£43,236 Per Annum)
- fully managed by Shorey Bailey & co Lettings
- Four Storey Townhouse
- Large Open-Plan Kitchen, Dining & Living Area
- Six Letting Rooms
- One En-Suite Bedroom
- Two Communal Shower Rooms
- Decked Terrace & Rear Garden
- Gas Central Heating
- Turn-Key Investment
- Popular Mutley Location
- Walking Distance to City Centre, University & Transport Links
Ground Floor Level
Room One (5.16m x 3.73m).
Room Two (4.88m x 3.28m).
First Floor
Room Three (5m x 3.33m).
Room Four (5.08m x 3.33m). .
Room Five (3.1m x 2.1m).
Second Floor
Room Six23'8" (7.21m) Maximum size with restricted head room x 13'9" (4.2m) extending to 16'11" (5.16m) in recess.
Material Information
- Tenure: Freehold
- Property Type: Licensed House in Multiple Occupation (HMO)
- Council Tax Band: C
- EPC Rating: D (68)
- Current Rental Income: £43,236 Per Annum
- let on an all inclusive utility basis.
- Utilities: Mains Gas, Electricity, Water & Drainage
- Heating: Gas Central Heating
- Broadband: Ultrafast and Gigabit-capable broadband available, including Virgin Media services. Ofcom data indicates Gigabit broadband availability within the postcode area. [broadbandc...pareuk.com]
- Mobile Coverage: Good 4G coverage from the major UK network providers within the postcode area. [broadbandc...pareuk.com]
- Flood Risk: Low risk of flooding within the postcode area according to available Environment Agency data sources. [broadbandc...pareuk.com], [gov.uk]
- Parking: On-street parking subject to local regulations and permit requirements
- Accessibility: Accommodation arranged over four floors
Location
College Avenue occupies a prime position at the upper end of Mutley Plain, one of Plymouth's most established residential and investment locations. The area offers an extensive range of amenities including supermarkets, cafés, restaurants, gyms and public transport connections. Plymouth City Centre, Plymouth Railway Station, Derriford Hospital and the University of Plymouth are all easily accessible, supporting strong and consistent demand from professional tenants.
This is an ideal acquisition for investors seeking a fully operational, high-yielding HMO investment with proven rental performance and minimal ongoing capital expenditure requirements.
Current Gross Rental Income: £43,236 per annum
Tenure: Freehold (subject to confirmation)
Investment Type: Fully Let Professional HMO
Contact a member of the team at Shorey bailey and co to discuss how this investment might work for you and arrange a viewing.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Permit
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
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Visit our security centre to find out moreDisclaimer - Property reference SBC-RS-10187. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Shorey Bailey & Co, Plymouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.