Swift Estate Agents says ..

Property Oracle says ..

This six-bedroom property located on Peverell Park Road in Plymouth offers a unique investment opportunity. Its status as a tenanted HMO with a gross annual income of £33,300 is a significant factor. The property’s location in Peverell provides proximity to Mutley Plain’s amenities and various schools. Transport links to Plymouth city centre are also conveniently located.

The property’s condition is mixed. Some areas, like the bathrooms, appear well maintained; others show signs of wear and tear and could benefit from refurbishment and redecoration. The provided photographs showcase a mix of modernized rooms and areas which seem quite dated.

A small garden at the rear of the property complements the offering. It is not extensive but provides a degree of outdoor space.

The list price, at £290,000, warrants consideration. Compared to similar properties in Peverell, it seems somewhat reasonably priced, but precise evaluation is limited by the absence of square footage data. The rental income generated by the property, however, strongly suggests that the list price could be quite attractive for investors seeking a rental income investment. Further detailed assessment of the property’s condition, including potential repair costs, would be beneficial to reach a more precise conclusion about its value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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