Guide price
£270,000
7 bed end terrace house for saleSea View Terrace, Plymouth PL4
7 beds
3 baths
EPC Rating: D
Auction
Freehold
About this property
Fully Licenced HMO
Rental income £38,000
7 Bedrooms
Room Terrace
Sale by Modern Auction
This fully occupied and licensed House in Multiple Occupation (HMO) presents an excellent turnkey investment opportunity for discerning investors seeking a high-yielding and relatively hands-off addition to their portfolio. The property offers seven generously sized double bedrooms and is ideally positioned within easy walking distance of Plymouth University, the vibrant City Centre, and the ever-popular Mutley Plain. This highly convenient location ensures strong and consistent tenant demand, with a wide range of shops, restaurants, bars, and transport links all close by.
Arranged over three floors, the property provides spacious and well-planned accommodation throughout. The ground floor comprises two double letting rooms, along with a large communal kitchen and lounge area that serves as a social hub for residents. A convenient downstairs W.C. And a separate utility room complete the ground floor.
The first floor features three further double letting rooms, as well as two modern shower rooms, each fitted with a walk-in shower, W.C., and wash basin.
On the second floor, there are two additional double bedrooms along with a delightful roof terrace, offering residents a private outdoor space to relax and unwind.
Externally, the property benefits from a small communal courtyard, providing additional outside space for tenants. There is also convenient on-street permit parking available to the front of the property.
This substantial seven-bedroom HMO represents a rare opportunity to acquire a fully licensed investment property in a prime location, currently generating an annual income of approximately £38,000.
Internal viewings are highly recommended to fully appreciate the size and potential of this impressive property.
Please note the property would benefit from some maintenance, which is reflected in the asking price.
Some furniture belonging to tenants has been digitally removed from the photographs using ai to better demonstrate the scale and proportions of the rooms.
Tenure: Freehold
Council Tax Band: C
Local Authority: Plymouth
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services
Arranged over three floors, the property provides spacious and well-planned accommodation throughout. The ground floor comprises two double letting rooms, along with a large communal kitchen and lounge area that serves as a social hub for residents. A convenient downstairs W.C. And a separate utility room complete the ground floor.
The first floor features three further double letting rooms, as well as two modern shower rooms, each fitted with a walk-in shower, W.C., and wash basin.
On the second floor, there are two additional double bedrooms along with a delightful roof terrace, offering residents a private outdoor space to relax and unwind.
Externally, the property benefits from a small communal courtyard, providing additional outside space for tenants. There is also convenient on-street permit parking available to the front of the property.
This substantial seven-bedroom HMO represents a rare opportunity to acquire a fully licensed investment property in a prime location, currently generating an annual income of approximately £38,000.
Internal viewings are highly recommended to fully appreciate the size and potential of this impressive property.
Please note the property would benefit from some maintenance, which is reflected in the asking price.
Some furniture belonging to tenants has been digitally removed from the photographs using ai to better demonstrate the scale and proportions of the rooms.
Tenure: Freehold
Council Tax Band: C
Local Authority: Plymouth
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services
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