6-bedroom terraced house · PL4 8NE
Listing removedListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Grossing £40,560 annually, this substantial six-bedroom, two-bathroom HMO is now available to purchase.
Currently fully let to a reputable company on a corporate lease, the property offers a rare opportunity to acquire a turnkey investment with immediate income, minimal management responsibilities, and long-term rental stability.
Each of the six bedrooms is generously sized, fully furnished, and compliant with current HMO regulations, making the home ideal for professional occupants. Two modern bathrooms serve the property.
The current corporate lease ensures that the property is fully tenanted, with a fixed monthly rental income paid by the company.
Located in a well-connected and desirable area, the property benefits from strong demand from both the professional and student rental markets.
With close proximity to key transport links, major employers, universities, and local amenities, this location continues to see strong rental yields and high occupancy rates.
- No parking provided, on-street parking available subject to availability. - Council tax band B. - Mains gas central heating. - WiFi available from Virgin Fibre Optic or Openreach.
- Gross monthly income of £3,390.00 (let inclusive of utilities) - Freehold property - Licensed HMO - EPC D65 According to Ofcom Mobile and broadband checker, EE and Three mobile signals limited, O2 and Vodaphone likely.
A director of A Home After Halls has a personal interest in this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Mildmay Street, Plymouth
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