Martin & Co says ..
***Spanning an impressive 4 floors and boasting an approximate floor area of 2,467 sq. ft., this deceptively spacious HMO property presents a compelling investment opportunity for discerning landlords.*** The property comprises of six spacious en-suite bedrooms along with a kitchen / diner and si...
Property Oracle says ..
This six-bedroom, six-bathroom property located on West Hoe Road in Plymouth, Devon presents a compelling investment opportunity for discerning investors. The property’s size and multiple ensuite bedrooms are particularly notable, suggesting potential for use as an HMO, which would significantly increase its rental yield. The location offers good access to essential amenities, including schools and transportation links, further enhancing its appeal. The provided images illustrate a clean and well-maintained property with a functional layout. The small garden space is a minor drawback. The price appears fair considering the number of bedrooms, bathrooms and proximity to local amenities. A potential buyer or investor should consider factors such as potential maintenance costs and the local rental market before making a purchase decision. The property’s condition is acceptable but some refurbishment or redecoration might be undertaken to maximise its value. Overall, this property appears to be a viable investment for someone considering the HMO market in Plymouth.
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
- 3
- Bedrooms
- 6
- Bathrooms
- 6
- Sqft (est)
- 1,985.30
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
- 219,909.00 £Decreased by 3.89 %
- Est sale value
- 565,810.50 £Increased by 14.46 %
- Average area rental value
- 987.00 £/moIncreased by 16.53 %
- Est letting value
- 1,985.30 £/mo
- Est rental Yield
- 5.39 %Increased by 21.40 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Martin & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Andrew'S Cof E Va Primary School | Voluntary Aided School | Outstanding | 0.32 KM |
| Millbay Academy | Free Schools | 0.41 KM | |
| St Peter'S Cofe Primary School | Academy Converter | 0.57 KM | |
| Manor Street Children'S Centre | Children's Centre | 0.61 KM | |
| The Cathedral School Of St Mary | Academy Converter | Good | 0.85 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Harmony Court Stairs | £ 0 | 0 | 0.00 KM |
| Manor Street | £ 105,000 | 0 | 0.00 KM |
| Athenaeum Place | £ 0 | 0 | 0.00 KM |
| Raleigh Street | £ 0 | 0 | 0.00 KM |
| Melbourne Place | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Plymouth | 3580 | PLY | 1.61 KM |
| Devonport | 3579 | DPT | 2.60 KM |
| Dockyard (Devonport) | 3588 | DOC | 3.31 KM |
| Keyham | 3571 | KEY | 4.15 KM |
| St Budeaux Ferry Road | 3590 | SBF | 5.61 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Bishops Place, West Hoe Road | £ 350,000 | BUY | 5 / 10 | 0.00 KM |
| Bishops Place, West Hoe, PL1 3BW | £ 150,000 | BUY | 5 / 10 | 0.02 KM |
| The Hoe, Plymouth | £ 350,000 | BUY | 7 / 10 | 0.04 KM |
| Willoughby Way, Plymouth, PL1 | £ 260,000 | BUY | Unknown | 0.04 KM |
| West Hoe Road, Plymouth, Devon | £ 350,000 | BUY | 7 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 47 West Hoe Road | £ 125,000 | 0.07 KM |
| 99 West Hoe Road | £ 140,000 | 0.07 KM |
| 51 West Hoe Road | £ 102,000 | 0.07 KM |
| 91 West Hoe Road | £ 130,000 | 0.07 KM |
| 57 West Hoe Road | £ 80,000 | 0.07 KM |