House for sale

Plymouth

6 bedrooms3 bathrooms

437.687 €

Listed Oct 7, 2026

About this listing

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.

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Listed on

Rightmove

437.687 €