I have just come across this HMO property for Sale. The property is located on Nelson Street North Hill, Plymouth.
The property is a 3 storey property current laid out as 5 bed HMO. The property requires complete refurbishment and could be reconfigured to a 6 bedroom house.
It’s on the market for with a Guide Price of £125,000. A similar six bed house two streets over generates a gross yield of £26,000, which would generate a gross yield of 13% if you could purchase refurb the property for a total cost of £200,000.
Watch the video below for more details.
Full details of the property can be found on Rightmove. https://www.rightmove.co.uk/property-for-sale/property-70677111.html
