Kensington Road, Mutley. 5 bed FULLY LET investment property
SW

Kensington Road, Mutley. 5 bed FULLY LET investment property

By Swift Estate Agents

£ 280,000

Reviews

2 out of 5 stars

Swift Estate Agents says ..

A 5 double bedroom STUDENT occupied HMO, centrally located and within walking distance of the University. Fully let for Sept 2024 until 2025 with a rental income of £34,250.per year on a 50 week tenancy. This property is spacious and well presented. it offers a perfect outside space too for ...

Property Oracle says ..

This 5-bedroom property on Kensington Road in Mutley, Plymouth is marketed as a fully let investment opportunity. The property is presented as a student HMO, suggesting a target market focused on students attending the nearby University of Plymouth. The interior photos showcase a recently refurbished property with modern furnishings and fittings. The rooms are adequately sized and generally well-maintained, though the decor is simple and functional rather than luxurious. The exterior of the property presents as a standard terraced house with an enclosed rear yard. The size of the property is not explicitly stated (both the plot size and internal square footage are missing from the listing). The list price seems in line with comparable properties in the area, but the lack of sqft data makes a definitive price assessment impossible. The property’s key selling point is its status as a fully let investment with a confirmed annual rental income, making it attractive to investors looking for a hands-off rental investment opportunity. However, potential buyers should obtain professional valuations and conduct thorough due diligence prior to purchase. Buyers should also account for potential future maintenance costs and the inherent risks associated with the student rental market.

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

Price
7
Condition
6
Location
7
Land
3
Bedrooms
5
Bathrooms
2

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
229,475.00 £
Increased by 9.15 %
from 210,243.00 £
Average area rental value
830.00 £/mo
Increased by 5.33 %
from 788.00 £/mo
Est rental Yield
4.34 %
Decreased by 3.56 %
from 4.50 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Swift Estate Agents marked this listing as sold.

  • Swift Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Plymouth High School For GirlsAcademy Converter0.65 KM
Mount Street Primary SchoolAcademy Sponsor Led0.71 KM
Salisbury Road Primary SchoolAcademy ConverterRequires improvement0.86 KM
Holy Cross Catholic Primary SchoolAcademy Converter0.90 KM
Plymouth CollegeOther Independent School0.96 KM

Images

kitchen/communal ... kitchen/communal ... communal area front courtyard stairs to first f... letting room 1 letting room 2 letting room 3 shower room letting room 4 letting room 5 letting room shower room 2 side access

Nearby Streets

NameAverage PriceAverage SqftDistance
Kensington Place £ 000.00 KM
Southern Terrace Lane West £ 000.00 KM
Southern Terrace Lane East £ 000.00 KM
Hill Park Crescent £ 000.00 KM
Olivia Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Plymouth3580PLY1.45 KM
Devonport3579DPT4.47 KM
Dockyard (Devonport)3588DOC5.05 KM
Keyham3571KEY5.56 KM
St Budeaux Ferry Road3590SBF6.69 KM

Nearby Listings

AddressPriceTypeScoreDistance
Kensington Road, Mutley, Plymouth £ 240,000BUYUnknown0.00 KM
Kensington Road, Plymouth £ 220,000BUY6 / 100.00 KM
Kensington Road, Greenbank, Plymouth £ 190,000BUYUnknown0.02 KM
Kensington Road, Greenbank, Plymouth. £ 225,000BUY7 / 100.02 KM
Kensington Place, Plymouth £ 190,000BUY7 / 100.05 KM

Nearby Properties

AddressPriceDistance
55 Kensington Road £ 105,0000.00 KM
15 Kensington Road £ 137,0000.00 KM
31 Kensington Road £ 150,0000.00 KM
21 Kensington Road £ 54,5000.00 KM
26 Kensington Road £ 145,0000.00 KM