Lisson Grove, Plymouth, PL4 7DL

Guide Price £250,000–£260,000 Francis Stuart are pleased to bring to the market this substantial six-bedroom HMO investment property, situated in the popular PL4 area of Plymouth. Lisson Grove is offered at a guide price of £250,000–£260,000. The property generates a potential annual rental income of £39,000 at full occupancy, representing an attractive gross yield of 15%, based on the upper guide price of £260,000. Extending to approximately 2,123 sq ft (197.3 sq m) across three floors, the property offers generous accommodation, including six letting bedrooms, a separate communal lounge, spacious kitchen/diner, ground-floor shower room and first-floor bathroom. The ground floor comprises a particularly spacious communal lounge with bay window, a well-proportioned bedroom, shower room and a large kitchen/diner to the rear. The first floor provides four further bedrooms and a communal bathroom, whilst the second floor offers the sixth bedroom alongside an additional kitchen area. The property would benefit from general updating and refurbishment, providing an opportunity for an investor to improve the overall accommodation and potentially enhance future rental returns. Investment Figures Guide Price: £250,000–£260,000 Monthly Rental Income at Full Occupancy: £3,250 Annual Rental Income at Full Occupancy: £39,000 Potential Gross Yield: 15% at £260,000 Potential Gross Yield: 15.6% at £250,000 Letting Bedrooms: Six Approximate Floor Area: 2,123 sq ft / 197.3 sq m Rental Breakdown Room 1: £550 pcm Room 2: £550 pcm Room 3: £550 pcm Room 4: £550 pcm Room 5: £500 pcm Room 6: £550 pcm Total Monthly Rental Income: £3,250 Total Annual Rental Income: £39,000 Licensing & Compliance The property is currently licensed as a six-bedroom HMO, with the existing licence expiring on 13 June 2027. EPC Rating D, valid until July 2031. The Electrical Installation Condition Report (EICR), dated October 2024, was assessed as satisfactory, with the next recommended inspection in October 2029. The gas safety record is dated November 2025, with the next annual inspection due November 2026. Portable appliance testing was undertaken in November 2025, and fire alarm and extinguisher servicing was invoiced in September 2026. Planning records reference application 05/00707/FUL, granted conditionally in June 2005, for a change of use from an existing HMO to a single dwellinghouse. The property is currently HMO licensed; however, any purchaser would need to make their own application for the appropriate licence with Plymouth City Council following completion.