Terraced house for sale / Sutherland Road, Mutley , Plymouth, Devon, PL4 6BW

Guide price £600,000 - £625,000. Occupying a prime central position just a short walk from the University of Plymouth, Mutley Plain and Plymouth City Centre, this substantial four-storey period property represents an outstanding turnkey investment opportunity. A fully licensed HMO with an exceptional reputation, it has been privately owned and professionally managed for approximately 28 years, enjoying consistently high tenant demand and is fully let for the forthcoming academic year, generating an annual income of approximately £69,570 (45-week term). Retaining a wealth of original character, including stunning stained glass, a tiled entrance vestibule, ornate carved staircase and decorative ceiling mouldings, the property offers spacious and versatile accommodation. There are 13 letting bedrooms across 4 floors, generous communal lounge, two modern fitted kitchens, and three WC/shower facilities. Further benefits include gas central heating, uPVC double glazing and an HMO licence for up to 13 occupants across 13 households. Externally, the property boasts a large rear car park providing space for approximately eight vehicles, together with a detached double garage benefiting from planning permission to convert into two self-contained one-bedroom flats, offering excellent scope to further enhance the investment. A rare opportunity to acquire a high-yielding asset in one of Plymouth's most sought-after student and professional letting locations.