This five bedroom property has just come on the market on the 16th July and would make a great HMO Investment.
The property is terraced fronted property close to the Mutley Plain and the city centre. The property is currently let to 5 tenants. From the floorplan i can see that the property benefits one large bedroom with an en-suite
The property is being marketed with Champion Stuart with an guide price of £170,000.
The property does not have a lounge and the property could benefit from a new kitchen. When the new kitchen is installed, i would look to re-configure this area and knock the utility area into one room to make this room bigger so a better living space can be created for the tenants.
The property is currently fully let producing a annual rental income of £21,840, which equals a 12.8% gross yield.
More details can be found on Rightmove here https://www.rightmove.co.uk/property-for-sale/property-83352026.html
