Lisson Grove, Plymouth PL4

Property Details: - Type: Terraced house - Bedrooms: 5 - Bathrooms: 5

Agent: Francis Stuart Sales & Lettings - Plymouth Phone: 01752 948963

<p>Guide Price £290-0000 - £300,000</p><p>An established HMO investment offering five bedrooms, comprising four en-suite rooms and one bedroom with access to a separate shower room, set within a substantial period property arranged over three floors. The property is currently generating £36,240 per annum, equating to a gross yield of approximately 12.50% at £290,000 and 12.08% at £300,000. With estimated running costs of circa £4,900 per annum, this provides a net income of around £31,300, reflecting a net yield of approximately 10.79%–10.43%. There remains clear scope to increase returns further to circa 12.5%+ gross through modest rental re-gearing, making this a strong, turnkey investment combining character, generous accommodation and reliable income performance</p><p>Set within an attractive period building, the property has been thoughtfully arranged to suit modern shared living while retaining character and charm throughout.</p><p>Accommodation is arranged over three well-planned floors, offering generous room sizes, excellent natural light and a layout that flows well for both occupants and long-term management.</p><p>At the heart of the property is a large communal kitchen/diner, fitted with contemporary cabinetry, wooden worktops and tiled splashbacks. The space provides ample storage, preparation areas and room for dining, creating a natural hub for shared living.</p><p>The communal lounge offers a comfortable and inviting environment, enhanced by a large bay window that floods the room with natural light, making it ideal for shared relaxation.</p><p>The five bedrooms are well-proportioned and sensibly arranged across the lower ground and first floors, offering good separation of space. All rooms benefit from private shower facilities, a key attraction for professional tenants.</p><p>A useful utility room adds further practicality, supporting the efficient day-to-day running of the property and helping to keep communal areas organised.</p><p>Externally, the property presents well and is positioned within an established residential location, conveniently placed for access to local amenities, transport links and Plymouth city centre.</p><p> <br/>HMO Licence<br/>Mandatory HMO licence issued by Plymouth City Council</p><p>Licence granted: 27 May 2025<br/>Licence expiry: 21 December 2028<br/>Permitted for 5 persons in 5 households<br/>Ground floor front lounge not permitted as a bedroom<br/>Licence documentation available<br/> <br/>Compliance & Certification<br/>EICR: Satisfactory</p><p>Inspected 14 July 2023<br/>Valid until 14 July 2028<br/>Gas Safety Certificate: Valid until 7 July 2026<br/> <br/>Tenancy & Income<br/>Fully let 5-bed HMO<br/>Individual ASTs (not joint)<br/>Staggered tenancy expiries reducing void risk<br/>Deposits protected and professionally managed<br/>Current Room Rents</p><p>Room 1: £625 pcm<br/>Room 2: £620 pcm<br/>Room 3: £575 pcm<br/>Room 4: £600 pcm<br/>Room 5: £600 pcm<br/>Total Income</p><p>£3,020 pcm<br/>£36,240 per annum</p><p> </p>