11 bed terraced house for sale

Houndiscombe Road, Mutley, Plymouth PL4

Guide price £475,000 - £500,000. Occupying a prime central position just a short walk from the University of Plymouth, Mutley Plain and the city centre, this impressive four-storey period property is a fully licensed 10-bedroom plus a self contained flatlet HMO with an outstanding reputation. Privately owned and professionally managed for approximately 28 years, the property enjoys exceptional tenant demand, with many former students returning to request rooms. Fully let for the forthcoming academic year, it generates an annual income of approximately £59,715 (based on a 45-week term).

Retaining an abundance of period charm, the property features stunning stained glass, a tiled entrance vestibule, an ornate carved staircase and elegant ceiling mouldings. The spacious accommodation includes a generous communal lounge, a well-equipped kitchen/diner with two built-in ovens and hobs, plus a self-contained rear flatlet with living/bedroom, kitchen, utility area and shower room.

The upper floors provide 10 further bedrooms, together with WC and shower facilities. Benefiting from gas central heating, uPVC double glazing and an HMO licence valid until April 2027 for up to 12 occupants across 11 households, this is an exceptional turnkey investment opportunity.

The property comes with parking for 4 to the rear.