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Stuart’s Plymouth HMO Investment Watch – Alexandra Road, Mutley

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I have just come across this HMO property for sale. The property is located on Alexandra Road, Mutley and is for sale with Martin and Co.

The property is currently a four bedroom HMO achieving an income of just over £16,000 per annum. The house appears to be well presented with a modern kitchen and bathroom but could benefit from being updated to a more modern look. The property could easily be configured to a five bedroom HMO with one ensuite bedroom.

It’s on the market for with an asking price of £190,000. If you re-configured the property, I would expect you to achieve an income of £23,000, giving a gross yield of 12%.

If you are looking for a HMO currently please feel free to get in touch with me.

https://www.rightmove.co.uk/property-for-sale/property-93589781.html

Stuart Donnington

Stuart Donnington

Stuart is Property Mark qualified in Residential Lettings and Property Management with around 20 years experience as a landlord, along with over 10 years experience managing Sales and Lettings Estate Agencies. With years of valuable experience as an entrepreneur, Stuart's expertise is priceless.

For anything property related, our specialist team can help today.

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Estate & Letting Agent with branches in Plymouth & Tavistock

Francis Stuart Lettings Ltd is a Donnington Estate Agents Group Ltd subsidiary, Reg in England no 08894830 and registered office 40 Mannamead Road, Mutley, Plymouth, PL4 7AF.

Francis Stuart Plymouth Ltd is a Donnington Estate Agents Group Ltd subsidiary, Reg in England no 14214296 and registered office 40 Mannamead Road, Mutley, Plymouth, PL4 7AF.

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