Lisson Grove, PL4 7DN

Guide Price £290-0000 - £300,000

An established HMO investment offering five bedrooms, comprising four en-suite rooms and one bedroom with access to a separate shower room, set within a substantial period property arranged over three floors. The property is currently generating £36,240 per annum, equating to a gross yield of approximately 12.50% at £290,000 and 12.08% at £300,000. With estimated running costs of circa £4,900 per annum, this provides a net income of around £31,300, reflecting a net yield of approximately 10.79%–10.43%. There remains clear scope to increase returns further to circa 12.5%+ gross through modest rental re-gearing, making this a strong, turnkey investment combining character, generous accommodation and reliable income performance

Set within an attractive period building, the property has been thoughtfully arranged to suit modern shared living while retaining character and charm throughout.

Accommodation is arranged over three well-planned floors, offering generous room sizes, excellent natural light and a layout that flows well for both occupants and long-term management.

At the heart of the property is a large communal kitchen/diner, fitted with contemporary cabinetry, wooden worktops and tiled splashbacks. The space provides ample storage, preparation areas and room for dining, creating a natural hub for shared living.

The communal lounge offers a comfortable and inviting environment, enhanced by a large bay window that floods the room with natural light, making it ideal for shared relaxation.

The five bedrooms are well-proportioned and sensibly arranged across the lower ground and first floors, offering good separation of space. All rooms benefit from private shower facilities, a key attraction for professional tenants.

A useful utility room adds further practicality, supporting the efficient day-to-day running of the property and helping to keep communal areas organised.

Externally, the property presents well and is positioned within an established residential location, conveniently placed for access to local amenities, transport links and Plymouth city centre.

HMO Licence issued by Plymouth City Council

Licence granted: 27 May 2025
Licence expiry: 21 December 2028
Permitted for 5 persons in 5 households
Ground floor front lounge not permitted as a bedroom

A Certificate of Lawful Use (COLU) was applied for in September 2025, with an estimated processing time of 8–10 weeks.

Compliance & Certification
EICR: Satisfactory

Inspected 14 July 2023
Valid until 14 July 2028
Gas Safety Certificate: Valid until 7 July 2026

Tenancy & Income
Fully let 5-bed HMO
Individual ASTs (not joint)
Staggered tenancy expiries reducing void risk
Deposits protected and professionally managed
Current Room Rents

Room 1: £625 pcm
Room 2: £620 pcm
Room 3: £575 pcm
Room 4: £600 pcm
Room 5: £600 pcm
Total Income

£3,020 pcm
£36,240 per annum