Houndiscombe Road, Mutley, Plymouth. 10 bed FULLY LET student house.
SW

Houndiscombe Road, Mutley, Plymouth. 10 bed FULLY LET student house.

By Swift Estate Agents

£ 495,000

Reviews

2 out of 5 stars

Swift Estate Agents says ..

A FULLY LET, double fronted,10 bed STUDENT INVESTMENT property. Currently achieving a RENTAL INCOME of £55,250 per year, occupied on a 50-week contract. 10 DOUBLE LETTING ROOMS, 2 Kitchens, Communal Room, 3 Shower rooms, Double glazed and centrally heated . Close to the UNIVERSITY campus, Mu...

Property Oracle says ..

This property is a ten-bedroom, three-bathroom terraced house on Houndiscombe Road in Mutley, Plymouth. It’s currently operating as a fully let student accommodation, generating an annual rental income exceeding £55,000. The location is a significant advantage, being near the University of Plymouth and Drake Circus shopping centre, ensuring high demand among students. The images show a property that’s been reasonably well-maintained, featuring modern furnishings in the bedrooms and functional kitchens. However, the lack of information on the property’s size, the precise condition, and a detailed property survey is a limitation to a thorough assessment. While the listed price of £495,000 is comparable to similar ten-bedroom student properties in the area, a thorough professional valuation would be advisable before committing to a purchase. The property’s immediate income generation makes it a viable investment opportunity. This, coupled with the favourable student-centric location, contributes significantly to its overall appeal. Further investigation into potential future maintenance costs, structural soundness, and a detailed property survey are necessary for a comprehensive financial analysis before a definitive investment decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
10
Bathrooms
3

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
172,750.00 £
Decreased by 26.23 %
from 234,166.00 £
Average area rental value
822.00 £/mo
Increased by 45.49 %
from 565.00 £/mo
Est rental Yield
5.71 %
Increased by 96.90 %
from 2.90 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Swift Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Plymouth High School For GirlsAcademy Converter0.16 KM
Fletewood School At Derry VillasOther Independent SchoolGood0.45 KM
Plymouth CollegeOther Independent School0.52 KM
University Of PlymouthHigher Education Institutions0.57 KM
Mount Street Primary SchoolAcademy Sponsor Led0.59 KM

Images

Exterior Letting room shower room kitchen letting room letting room 3

Nearby Streets

NameAverage PriceAverage SqftDistance
Ermington Terrace £ 000.00 KM
Seaton Avenue £ 000.00 KM
Braidwood Terrace Lane £ 120,00000.00 KM
Greenbank Road £ 127,75000.00 KM
Gifford Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Plymouth3580PLY0.75 KM
Devonport3579DPT3.74 KM
Dockyard (Devonport)3588DOC4.31 KM
Keyham3571KEY4.84 KM
St Budeaux Ferry Road3590SBF6.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Houndiscombe Road, Mutley £ 480,000BUY5 / 100.00 KM
Houndiscombe Road, Plymouth, PL4 6HF £ 400,000BUYUnknown0.07 KM
Abingdon Road, Plymouth £ 235,000BUY6 / 100.08 KM
Allendale Road, Plymouth, Devon, PL4 £ 160,000BUY6 / 100.09 KM
Allendale Road, Plymouth, Devon, PL4 £ 340,000BUY6 / 100.09 KM

Nearby Properties

AddressPriceDistance
39 Houndiscombe Road £ 95,0000.00 KM
47 Houndiscombe Road £ 375,0000.00 KM
45 Houndiscombe Road £ 285,0000.00 KM
5 Gordon Terrace £ 300,0000.04 KM
9 Gordon Terrace £ 299,0000.05 KM