Ford Park Road, Mutley, Plymouth

Property features

• A Must View Investment Opportunity
• 7 Bedrooms, 2, Shower rooms, 2 W/C's
• Two Shower Rooms & Additional WCs
• On-Road & Permit Parking Available
• Fully Let for 2024/25-2025/26.
• Fully licensed 7-bed HMO
• Sought-After Location
• Chain: Sold with Tenants in Situ & Ongoing Concern
• Tenure: Freehold
• EPC: D

Summary

Fantastic investment opportunity! Fully licensed 7-bed HMO generating £39,120 per annum. Spacious student property with large communal areas, modern kitchen, 2 shower rooms, and a south-facing garden. High-speed broadband, TV licence, and utility allowance included. Just a 15-minute walk to the University of Plymouth.

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 present this exceptional buy-to-let investment - a fully licensed 7-bedroom HMO generating an impressive £39,120 per annum (£815 per week on a 48-week contract). Ideally located within easy reach of the University of Plymouth and local amenities, this spacious and well-maintained student property offers a fantastic rental yield. The house features a recently refurbished communal living space, complete with comfortable new sofas, a generous kitchen-diner, two shower rooms, and two separate WCs. Several rooms boast stylish stripped flooring, while the property benefits from modern furnishings throughout, creating a comfortable living environment for students.

Each of the seven bedrooms is equipped with Ethernet and TV points, and two rooms even feature wall-mounted TVs, making them even more attractive to tenants. Tenants also enjoy 350Mbps broadband, a TV licence, and a generous utility allowance included in the rent. Externally, a charming south-facing garden provides a perfect retreat, and permit parking is available nearby. The property benefits from gas central heating, double glazing, a fitted kitchen with modern appliances, and a security alarm system. The property is fully compliant with safety regulations and holds a valid HMO licence.

Located on Ford Park Road, the property is just a 15-minute walk from the University of Plymouth campus, making it highly attractive to students. The vibrant Mutley Plain area, offering a variety of shops, cafes, and pubs, is only a 5-minute walk away, enhancing the property's appeal. With strong rental demand and a proven track record of occupancy, this investment offers excellent returns and long-term security.

The gross annual rental income is £39,120, with running costs including £2,906 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 £5,009.50. After deducting these costs, the net income is £34,110.50, resulting in a net return of approximately 9.09% based on the asking price of £375,000.

This sought-after investment in a prime student rental location is sure to attract significant interest. Early viewings are advised. Contact Hindhead Property today to arrange a viewing and secure this outstanding investment opportunity.

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.


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.

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.

COUNCIL TAX We understand this property falls within Plymouth City Council Tax Band N/A. 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.

EPC