7 bed terraced house for sale

Abingdon Road, Mutley, Plymouth PL4

*fully let - £43,380 pa*

Situated in a quiet street just off North Hill and within easy walking distance of Mutley Plain, Plymouth University and the City Centre, this substantial Victorian mid-terrace property presents an excellent investment opportunity in one of Plymouth's most consistently popular rental locations.

Arranged over four storeys, this deceptively spacious property is currently configured as a seven-bedroom House in Multiple Occupation (HMO), offering generous accommodation throughout. The layout comprises seven double letting rooms, two communal kitchens, two shower rooms, a utility room and a bright communal lounge within the sun room. Externally, the property benefits from a small front garden and an enclosed paved courtyard to the rear.

The property is currently fully let, with seven tenants, and offers investors an established income stream from day one. The property is generating a gross rental income of £3,615 pcm (£43,380 per annum), making it an attractive addition to any investment portfolio.

Current room rents are as follows:

Room 1 - £525 pcm
Room 2 - £500 pcm
Room 3 - £495 pcm
Room 4 –£515 pcm
Room 5 – £535 pcm
Room 6 - £520 pcm
Room 7 - £525 pcm

All bills are included within the rent, enhancing the appeal to prospective tenants and helping to maintain strong occupancy levels. The property's prime location continues to attract demand from both working professionals and those seeking convenient access to local amenities, public transport links, the University and the city centre.

Offered for sale with an established tenant base and excellent income potential, this is a rare opportunity to acquire a sizeable and well-located HMO in a proven rental area.