For Sale7 Bedroom Terraced House in Wake Street, Plymouth, PL4 6NL£270,000

***Guide Price:£270,000-£300,000***A WELL PRESENTED 7 BEDROOM FULLY LET STUDENT HMO with A CURRENT ANNUAL INCOME of £36,000 this year raising to £37,500 for the NEXT ACADEMIC YEAR in the POPULAR AREA of PENNYCOMEQUICK, PLYMOUTH 7-Bedroom Student HMO: This is a House in Multiple Occupation (HMO), meaning the property is rented out by individual tenants rather than as a single-family unit. In this case, it's fully let to students, making it a student HMO. Fully Let: The property is fully occupied with students, which means it’s already generating income. Location: Pennycomequick, Plymouth Pennycomequick is a popular area in Plymouth, likely due to its proximity to Plymouth University and possibly Plymouth College of Art. The area is known to attract students due to its affordability and access to local amenities, transportation, and educational institutions. Income Details Current Annual Income: £36,000. Currently, this 7-bedroom HMO generates £36,000 per year from rent. Assuming this is split evenly across 7 tenants, each tenant is paying approximately £514 per month. Next Academic Year Income: £37,500. There is due to be an increase in rental income for the next academic year, raising to £37,500. Communal Areas: There is a communal areas kitchen, dining / living room, and bathrooms.  Please email or call Russell on 07834163395 for more specific details or to request a viewing.