We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work6-bedroom terraced house · PL4 8TH
Sold STCReduced £20k (−6.7%) on 27 OctListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £300,00 - £325,000 Edith Avenue is a substantial six bedroom licensed HMO investment arranged across three floors and extending to approximately 2,240 sq.ft. of accommodation.
The layout works extremely well as a shared professional house with generous bedroom sizes, well-balanced communal space and strong ongoing tenant demand within this part of Plymouth.
The property is managed in-house by Francis Stuart and is already established as an income-producing investment.
The property is currently generating £37,680 per annum (£3,140 pcm) with the benefit of good room sizes and a layout that suits professional sharers.
Running costs are approximately £8,534 per annum, producing an estimated net income of around £29,146 per year before maintenance, voids or management.
The property benefits from a HMO licence valid until November 2029, EICR valid until October 2029 (with a new consumer unit installed following the most recent inspection) and a current gas safety certificate valid until January 2026, providing reassurance from a compliance perspective.
Based on the current income, the property offers gross yields of approximately 11.59% -12.56% gross yield depending on purchase price, positioning it as a strong and established HMO investment opportunity within Plymouth’s consistently performing rental market.
Rental Income Breakdown Room 1 – £500 pcm Room 2 – £490 pcm Room 3 – £565 pcm (couple) Room 4 – £525 pcm (currently advertised as becoming vacant) Room 5 – £480 pcm Room 6 – £580 pcm (couple) Current Monthly Income – £3,140 pcm Current Annual Income – £37,680 per annum Running Costs Gas & Electric – £289 pcm (Octopus Energy) Water – £186 pcm (£1,860.61 per year – unmetered) Council Tax – £181 pcm (£1,808.67 per year paid over 10 months) Internet – £55.20 pcm (Virgin Media Business Fibre Voom 800) Total Monthly Running Costs – £711.20 pcm Total Annual Running Costs – £8,534 per annum Estimated Net Income £37,680 annual income minus £8,534 running costs £29,146 approximate net income per year (before maintenance, voids or management) Compliance & Certification HMO Licence Valid until 3rd November 2029 Electrical Installation Condition Report (EICR) Valid until 20 October 2029 (last completed 21 October 2024 including remedial works and installation of a new consumer unit) Gas Safety Certificate Valid until January 2026
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Edith Avenue, Plymouth, PL4 8TH
Explore nearby
