The Plymouth Property Blog
This blog follows the buy-to-let market in Plymouth. You'll find properties on here that I think will make good Buy to Let investments. You'll also find tips, guidance, and analysis that relates specifically to the Plymouth area. I operate Donnington Stuart in Stoke Village, in Plymouth. I myself have a large portfolio properties mainly based in Plymouth. If you're thinking of buying a Buy to Let property in Plymouth, I would be more than happy to offer a second opinion.
Home / Uncategories / HMO on North Road West - 16% Yeild.

HMO on North Road West - 16% Yeild.

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Swift estate agents have this 4/5 Bedroom property that has come to market on North Road West. The property is priced at £145,000. The property requires some TLC, it has the GCH and double glazing, so it appears that it needs new kitchen, bathrooms, carpets and decorating.

The property according to the agent has been used as a HMO before, so no issues with planning and Article 4. From the layout it looks that you should be able to have 6 good sized bedrooms. This should give a rent of £2250 a month. Assuming that you spend £20,000 on the house this would give a total spend of £165,000 and a yield of 16%. Not a bad deal.


More details on this property can be found on Zoopla. http://www.zoopla.co.uk/for-sale/details/33503511
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