Plymouth HMO Property of the Week

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This seven bedroom property came on the market yesterday and would make a great HMO investment.

The property is double fronted property close to the university and the city centre. The property would lend itself to either students or professional. From the floorplan i can see that the property benefits from 4 en suites bedrooms.

From looking at the photos and the floorplan I can see that the property looks in good condition but the property is decorated in magnolia and brown carpets and this is not what either the student or professional market would expect.

The property is being marketed with Hindhead Property with an asking price of £300,000.

With a small investment to re-decorate and re-carpet the property and perform a make over of the kitchen which should cost no more than £10,000, the property should generate an annual income of £34,200 giving a gross yield of 11.4%.

More details can be found on rightmove here https://www.rightmove.co.uk/property-for-sale/property-83546792.html

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