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 %
- Average area rental value
- 830.00 £/moIncreased by 5.33 %
- Est rental Yield
- 4.34 %Decreased by 3.56 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Swift Estate Agents marked this listing as sold.
Swift Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Plymouth High School For Girls | Academy Converter | 0.65 KM | |
| Mount Street Primary School | Academy Sponsor Led | 0.71 KM | |
| Salisbury Road Primary School | Academy Converter | Requires improvement | 0.86 KM |
| Holy Cross Catholic Primary School | Academy Converter | 0.90 KM | |
| Plymouth College | Other Independent School | 0.96 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Kensington Place | £ 0 | 0 | 0.00 KM |
| Southern Terrace Lane West | £ 0 | 0 | 0.00 KM |
| Southern Terrace Lane East | £ 0 | 0 | 0.00 KM |
| Hill Park Crescent | £ 0 | 0 | 0.00 KM |
| Olivia Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Plymouth | 3580 | PLY | 1.45 KM |
| Devonport | 3579 | DPT | 4.47 KM |
| Dockyard (Devonport) | 3588 | DOC | 5.05 KM |
| Keyham | 3571 | KEY | 5.56 KM |
| St Budeaux Ferry Road | 3590 | SBF | 6.69 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Kensington Road, Mutley, Plymouth | £ 240,000 | BUY | Unknown | 0.00 KM |
| Kensington Road, Plymouth | £ 220,000 | BUY | 6 / 10 | 0.00 KM |
| Kensington Road, Greenbank, Plymouth | £ 190,000 | BUY | Unknown | 0.02 KM |
| Kensington Road, Greenbank, Plymouth. | £ 225,000 | BUY | 7 / 10 | 0.02 KM |
| Kensington Place, Plymouth | £ 190,000 | BUY | 7 / 10 | 0.05 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 55 Kensington Road | £ 105,000 | 0.00 KM |
| 15 Kensington Road | £ 137,000 | 0.00 KM |
| 31 Kensington Road | £ 150,000 | 0.00 KM |
| 21 Kensington Road | £ 54,500 | 0.00 KM |
| 26 Kensington Road | £ 145,000 | 0.00 KM |