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
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Metrics Year-on-Year
- Average area value
- 172,750.00 £Decreased by 26.23 %
- Average area rental value
- 822.00 £/moIncreased by 45.49 %
- Est rental Yield
- 5.71 %Increased by 96.90 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Swift Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Plymouth High School For Girls | Academy Converter | 0.16 KM | |
| Fletewood School At Derry Villas | Other Independent School | Good | 0.45 KM |
| Plymouth College | Other Independent School | 0.52 KM | |
| University Of Plymouth | Higher Education Institutions | 0.57 KM | |
| Mount Street Primary School | Academy Sponsor Led | 0.59 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ermington Terrace | £ 0 | 0 | 0.00 KM |
| Seaton Avenue | £ 0 | 0 | 0.00 KM |
| Braidwood Terrace Lane | £ 120,000 | 0 | 0.00 KM |
| Greenbank Road | £ 127,750 | 0 | 0.00 KM |
| Gifford Place | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Plymouth | 3580 | PLY | 0.75 KM |
| Devonport | 3579 | DPT | 3.74 KM |
| Dockyard (Devonport) | 3588 | DOC | 4.31 KM |
| Keyham | 3571 | KEY | 4.84 KM |
| St Budeaux Ferry Road | 3590 | SBF | 6.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Houndiscombe Road, Mutley | £ 480,000 | BUY | 5 / 10 | 0.00 KM |
| Houndiscombe Road, Plymouth, PL4 6HF | £ 400,000 | BUY | Unknown | 0.07 KM |
| Abingdon Road, Plymouth | £ 235,000 | BUY | 6 / 10 | 0.08 KM |
| Allendale Road, Plymouth, Devon, PL4 | £ 160,000 | BUY | 6 / 10 | 0.09 KM |
| Allendale Road, Plymouth, Devon, PL4 | £ 340,000 | BUY | 6 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 39 Houndiscombe Road | £ 95,000 | 0.00 KM |
| 47 Houndiscombe Road | £ 375,000 | 0.00 KM |
| 45 Houndiscombe Road | £ 285,000 | 0.00 KM |
| 5 Gordon Terrace | £ 300,000 | 0.04 KM |
| 9 Gordon Terrace | £ 299,000 | 0.05 KM |