15 bedroom end of terrace for sale

£900,000

15

Bedrooms

15

Bathrooms

Floorplan

SUMMARY '''A PREMIER INVESTMENT: SUBSTANTIAL 15 BEDROOM PERIOD PROPERTY WITH LUCRATIVE INCOME'''
Located in a sought-after area, this immaculately presented residence is currently configured and operating as a fully-let House in Multiple Occupation (HMO), representing a high-yield, turnkey asset for any discerning investor seeking a lucrative addition to their portfolio.

LOCATION Situated in a prime and highly sought-after area of Plymouth, Mutley is a vibrant and bustling neighbourhood that offers an unparalleled level of convenience and connectivity. Popular with a diverse range of residents, from young professionals and students to families, the area boasts a lively atmosphere and a strong sense of community.

Mutleys strategic location is one of its greatest assets. It is just a short walk from the city centre, Plymouth University, and the main train station, making it an ideal choice for those who value easy access to amenities, education, and transport links. The high street is home to an eclectic mix of independent shops, cafes, restaurants, and bars, providing an array of options for dining, socialising, and daily errands.

The residential landscape is primarily characterised by impressive period properties, including large terraced houses and converted apartments, many of which retain original features. The areas high demand makes it a superb prospect for investors, particularly those interested in the student and professional rental markets.

With its excellent amenities, strong rental yield potential, and superb connectivity, Mutley is a top choice for those looking for a lively and convenient place to live or a robust addition to their property portfolio.

DESCRIPTION The property has been meticulously arranged over several floors to maximise both space and comfort, offering fifteen individual bedrooms. Each room has been thoughtfully designed and comes with its own modern shower room, providing residents with complete independence and privacy. The communal living spaces are equally impressive, featuring a spacious kitchen dining room on the ground floor, which serves as a central hub for social interaction. On the first floor, a generously sized communal sitting room offers a comfortable retreat for all residents.

Underpinning this well-maintained property is a suite of modern amenities designed for efficiency and convenience. It benefits from a full gas central heating system, ensuring warmth throughout the year, with a dedicated boiler room for easy maintenance. A significant value-add is the presence of roof-mounted solar panels, which contribute to the propertys overall energy efficiency and help to reduce running costs.

Externally, the property benefits from a private and low-maintenance courtyard garden, providing a valuable outdoor space for residents. Additionally, a dedicated hardstand offers convenient off-road parking.

This is a prime investment opportunity, offered to the market chain-free for a smooth and swift transaction. The property is currently fully let, generating a substantial annual income of 92,580 (excluding bills), which translates to a highly attractive yield. The robust tenancy and hassle-free management make this a compelling proposition.

Early and serious inquiries are highly recommended to fully appreciate the quality, scale, and financial potential of this exceptional investment.

VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.

NOTICE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Simply conveyancing. It is your decision whether you choose to deal with Simply Conveyancing. In making that decision, you should know that we receive an annual payments benefits, equating to approximately 200 per referral.

Features
  • Freehold

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 745200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 22500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 70200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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