8 Bedroom Terraced House (Now Sold)

Plymouth, PL4 6PR

Further Information
Tenure
Freehold
Key Features
  • 8 bedroom investment property, HMO licensed, fully renovated.
  • Self-contained garden flat. 2 kitchens, 2 lounges.
  • Loft conversion possible, space for 2 bedrooms & W.C.
  • 600m from Plymouth University campus.
  • Mortgage/loan free, no onward chain, sold with contents.
Full Description

SOLD SUBJECT TO CONTRACT

An offer of £360,000 cash has been accepted, conveyancing work is underway.

We have another 8 bedroom student property for sale at £360,000, it's 400m from Plymouth University (PL4 8HN).

FULLY LET

Group 1: 8 tenants contracted until 20th July 2017.

Group 2: 8 students have signed individual contracts & paid deposits for a lease term from 1st September 2017 to 20th July 2018. These tenants all have UK resident contract guarantors.

RENTAL INCOME

Average rent per room is £98 a week, this is up to 50% lower than the rate at student halls.

Payment is debited termly, it's calculated as follows: M = total rent ÷ 11. September = 5M, January = 4M, April = 2M.

Gross income for the 46 week 2017-18 leasehold is £36,064. Most landlords require longer contracts, a 48wk lease term would generate £37,632, 50wk = £39,200.

A-GRADE

The property was last inspected by Plymouth University in April 2017, it received an A grade. Competitor accommodation is mostly further from campus and inferior in quality. We've had 100% occupancy since the property was purchased in 1997.

PROPERTY FEATURES: Double glazed, new carpets. New boiler, gas central heating with 2 radiators in the larger rooms..

SAFETY: Commercial fire alarm & lighting system.

2 LOUNGES: Both with Sky HD (2TB, sports & extra) + Chromecast.

2 KITCHENS: 4 fridge/freezers, 2 ovens, 3 electric hobs, 3 microwaves, 2 dishwashers.

BATHROOMS: 3 electric showers, 3 toilets.

UTILITY ROOM: 2 washing machines & tumble dryer in basement.

GARDEN: South facing with lawn, BBQ, padlocked shed, hose, exterior power socket.

BEDROOMS: Each with a double bed, sofa in larger rooms.

BEDROOM TV: Wall mounted 40 inch 4K (3840x2160 pixels) smart television positioned in front of each desk. TVs receive Freeview HD & can be connected to any PC or laptop via a USB to HDMI adapter which is attached to the back of each television.

INTERNET: 200Mb, unlimited bandwidth. Cabled network, internet ports in lounge & every bedroom.

WIFI: Perfect coverage from the Virgin hub (modem mode) + an ASUS RT-AC68U router on each floor (total 4 routers). N.B. signals from standard non-AC routers are often blocked by neighbouring devices.

SMART HOME: App & voice control of; TVs, thermostat, alarm, dimmable colour changing light bulbs in each bedroom. Motion sensors control LED lights in hallways & bathrooms.

SMART TVs: High-end Samsung smart 4K TVs, smart apps include; Amazon Video, BBC Iplayer, Netflix, Youtube... Record to & play from a USB drive.

FLOOR PLANS: Are drafted as a guideline only, they are not to scale and should not be relied upon as a representation of fact. Potential buyers are advised to recheck the measurements before committing to any expense.

SERVICES: Mains gas, electricity, water and drainage.

Visum Online Estate Agents - advertise property for sale on rightmove and primelocation

Need to sell your property?

Sell your home from just £129 with Visum, the world’s original online agent since 2004. Our pay as you go packages mean you only pay for the marketing you need, and nothing more!.

Find out more

Buying or Selling? Need Conveyancing?

Get a free instant quote and you could save hundreds of pounds.

Free Instant Quote