Ford Park Road, Mutley, Plymouth
Plymouth, Devon
£360,000 Offers Over
Property features
- 7-Bedroom Fully Licensed HMO
- High Rental Income – Generating £39,120 per year
- Short walk to the University of Plymouth
- Newly Refurbished Kitchen & Spacious Communal Lounge
- Two Modern Shower Rooms & Two Additional WCs
- Grade “A” Rated by the University
- Turnkey Investment Opportunity – Fully let for 2025
- Council Tax Band: Exempt
- Tenure: Freehold
- EPC: C
Summary
Fantastic 7-bed HMO investment in a prime student location, generating £39,120 annual rental income. Fully let for 2025, featuring a modern kitchen, spacious communal lounge, 2 shower rooms, and a south-facing garden. Just a short walk to the University of Plymouth. Great return on investment!Details
HINDHEAD PROPERTY FOR SALE - FULLY LICENSED 7-BED HMO INVESTMENT OPPORTUNITY - FORD PARK ROAD, PLYMOUTH
Offers Over £375,000 - Sold as a Going Concern
Hindhead Property is delighted to bring to market this exceptional, fully licensed 7-bedroom HMO, offering a high-yield investment opportunity in one of Plymouth's most sought-after student rental locations. The property generates a strong annual rental income of £39,120 on a 48-week contract, and is already tenanted for the 2025 academic year, making it a turnkey investment with immediate returns. Recently refurbished, the property features a modern kitchen and a spacious communal lounge, furnished with three leather sofas and a flat-screen TV, creating a comfortable and inviting social space for students. The house benefits from two shower rooms and two additional WCs, ensuring convenience for multiple occupants. Each of the seven double bedrooms is well-proportioned, with the downstairs rooms featuring charming stripped pine flooring and the upstairs benefiting from brand-new carpets. Every bedroom is equipped with Ethernet and TV points, and two rooms include wall-mounted TVs, adding further appeal for tenants.
Tenants enjoy 350Mbps high-speed broadband, a TV licence, and a generous utility allowance, all included in the rent. Externally, the property boasts a south-facing garden with a table and benches, offering valuable outdoor space for tenants to enjoy. On-road and permit parking are available nearby. The property is Grade "A" rated by the University, ensuring its desirability among students year after year.
Located on Ford Park Road, the property is just a short walk from the University of Plymouth and the popular amenities of Mutley Plain, making it an ideal location for student tenants. With strong rental demand and a proven track record of occupancy, this investment offers excellent returns and long-term security for landlords seeking a reliable and profitable addition to their portfolio.
The gross annual rental income is £39,120. Annual running costs include £2,950 for gas and electric, £1,875 for water (non-metered at £156.31/month), £54/month for broadband (350 mbps, with 450 mbps available for £35 + VAT), and £174.50/year for the TV licence. With no management costs, the total annual running costs amount to £5,053.50. After deducting these costs, the net income is £34,066.50, resulting in a net return of approximately 9.08% based on the asking price of £375,000.
Contact Hindhead Property today to arrange a viewing and secure this outstanding investment opportunity.
Included with the student property is a full range of furniture and white goods, such as sofas, tables, beds, mattresses, and kitchen appliances. This does not include personal belongings, but the inclusion of all essential furnishings provides excellent value for money, saving tenants and prospective buyers the significant cost and hassle of purchasing these items themselves.
MUTLEY PLAIN is a bustling and well-connected area in Plymouth, Devon, offering a vibrant mix of shops, cafés, and essential amenities. As the heart of the Mutley district, this lively high street serves both the local community and the surrounding neighbourhoods, including the more affluent areas to the north.
Originally developed in the late Victorian era as an elegant, tree-lined avenue, Mutley Plain has evolved into a key commercial and residential hub. The B3250 runs through the area, providing excellent transport links, while multiple pedestrian crossings ensure accessibility for residents and visitors.
With its rich history, strong community feel, and proximity to the city centre and university, Mutley Plain remains one of Plymouth's most sought-after locations for both homeowners and investors.
PLYMOUTH: Britain's Ocean City, is one of Europe's most vibrant waterfront cities. Located by a stunning waterfront and harbour, Plymouth is the perfect place to buy property.
VIEWINGS: We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please call 01752 875075.
FLOOR PLAN DISCLAIMER: This floor plan is for guidance only and should not be considered a factual representation. It is not to scale, and all measurements are approximate. The property was measured in accordance with RICS Property Measurement Standards (IPMS). Viewers rely on it at their own risk. All rights reserved. Copyright © 2025 Hindhead Property LTD.
ACCOMADATION: Reference made to any fixtures, fittings, appliances or any of the building services does not imply that they are in working order or have been tested by us. Purchasers should establish the suitability and working condition of these items and services themselves.
CITY COUNCIL TAX: We understand this property falls within Plymouth City Council Tax Band is Exempt. However, buyers should verify this information directly with Plymouth City Council before making any decisions.
FLOOR PLAN DISCLAIMER: This floor plan is for guidance only and should not be considered a factual representation. It is not to scale, and all measurements are approximate. The property was measured in accordance with RICS Property Measurement Standards (IPMS). Viewers rely on it at their own risk. All rights reserved. Copyright © 2025 Hindhead Property LTD.
GENRAL PROEPRTY DISCLAIMER: Whilst every effort has been made to ensure the accuracy of these details, we cannot guarantee their completeness or correctness. Buyers are advised to conduct their own investigations before making any financial commitment.
MONEY LAUNDERING REGULATIONS: In accordance with the Money Laundering Regulations, buyers will be required to provide identification documents at the point of offer acceptance.
SERVICES: Mains gas, electricity, water and drainage.
STAMP DUTY LAND TAX: Stamp Duty Land Tax (SDLT) or Land and Buildings Transaction Tax (LBTT) may apply in certain circumstances. Buyers are advised to check their liability before proceeding with a purchase.
EPC
