We tailor every marketing campaign to a customer’s requirements and we have access to quality marketing tools such as professional photography, video walk-throughs, drone video footage, distinctive floorplans which brings a property to life, right off of the screen.
A substantial six-bedroom licensed HMO investment opportunity offering approximately 2,123 sq ft of accommodation, a separate communal lounge, spacious kitchen/diner and an annual rental income of £37,200 at full occupancy, representing a potential gross yield of 13.8% at the asking price. Offering scope for refurbishment and further improvement.
Francis Stuart are pleased to bring to the market this substantial six-bedroom HMO investment property, situated in the popular PL4 area of Plymouth.
Lisson Grove is offered at a guide price of £270,000, the property generates a potential annual rental income of £37,200 at full occupancy, representing an attractive gross yield of approximately 13.8%.
Extending to approximately 2,123 sq ft (197.3 sq m) across three floors, the property offers generous accommodation, including six bedrooms, a separate communal lounge, spacious kitchen/diner, ground-floor shower room and first-floor bathroom.
The ground floor comprises a particularly spacious communal lounge with bay window, a well-proportioned bedroom, shower room and a large kitchen/diner to the rear.
The first floor provides four further bedrooms and a communal bathroom, whilst the second floor offers the sixth bedroom alongside an additional kitchen area.
The property would benefit from general updating and refurbishment, providing an opportunity for an investor to improve the overall accommodation and potentially enhance future rental returns.
Guide Price: £270,000
Monthly Rental Income at Full Occupancy: £3,100
Annual Rental Income at Full Occupancy: £37,200
Potential Gross Yield: 13.8%
Six Letting Bedrooms
Approximate Floor Area: 2,123 sq ft / 197.3 sq m
The property is currently licensed as a six-bedroom HMO, with the existing licence expiring on 13 June 2027.
EPC Rating D, valid until July 2031. The Electrical Installation Condition Report (EICR), dated October 2024, was assessed as satisfactory, with the next recommended inspection in October 2029. The gas safety record is dated November 2025, with the next annual inspection due November 2026.
Portable appliance testing was undertaken in November 2025, and fire alarm and extinguisher servicing was invoiced in September 2026.
Planning records reference application 05/00707/FUL, granted conditionally in June 2005, for a change of use from an existing HMO to a single dwellinghouse.
The property is currently HMO licensed; however, any purchaser would need to make their own application for the appropriate licence with Plymouth City Council following completion.
EPC Rating: D.
