Houndiscombe Road, Mutley, Plymouth. Superb 11-Bed Licensed HMO with Strong Income (56k) & Outstanding Occupancy Record

Listed 30 Jun 2026 · price reduced 3 Nov 2026 · Plymouth
A Rare and Exceptionally Exciting Development Opportunity in the Heart of the City Positioned in the very heart of the city's thriving student district and just moments from the university campus, this substantial and impeccably maintained property presents a unique opportunity for investors and developers alike. Currently operating under Commercial Class C2 use, the property offers exceptional scope for redevelopment and repositioning, subject to the necessary planning consents. Maintained to an outstanding standard throughout, the building is ideally suited for conversion into a collection of self-contained apartments or a premium House in Multiple Occupation (HMO), capitalising on the strong and consistent demand from both student and professional tenants. The accommodation is laid out over four floors with 11bedrooms, 4 living rooms, 4 kitchens and 4 bathrooms. Having previously operated as both individual dwellings and an HMO, the property's existing configuration lends itself naturally to a variety of residential redevelopment strategies. Its excellent condition offers the significant advantage of reducing refurbishment costs while enabling a faster route to income generation. Opportunities of this scale and quality in such a prime university location are increasingly rare. Combining a flexible layout, strong redevelopment potential, and a highly sought-after position, this property represents an outstanding investment with the potential to deliver substantial long-term returns. Early inspection is highly recommended to appreciate the size, versatility, and exceptional potential of this remarkable city-centre property.
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Median sold prices in PL4 over the last 12 months: terraced £220k · flat £130k · semi-detached £240k · detached £173k.
| Address | Type | Sold | Price |
|---|---|---|---|
| 77 North Road East Plymouth PL4 6AN | Terraced Freehold | 14 Aug 2026 | £240,000 |
| Flat 2, 94, North Road East Plymouth PL4 6AW | Flat Leasehold | 24 Jul 2026 | £96,000 |
| 146 North Road East Plymouth PL4 6AQ | Terraced Freehold | 3 Jul 2026 | £391,000 |
| 59 North Road East Plymouth PL4 6AN | Terraced Freehold | 2 Jul 2026 | £316,000 |
| 55 North Road East Plymouth PL4 6AN | Terraced Freehold | 13 May 2026 | £285,000 |
| Flat 1, 94, North Road East Plymouth PL4 6AW | Flat Leasehold | 24 Apr 2026 | £95,000 |
| Flat 4, 118, North Road East Plymouth PL4 6AH | Flat Leasehold | 1 Apr 2026 | £130,000 |
| Flat 7, Torrington Court, North Road East Plymouth PL4 6AX | Flat Leasehold | 10 Mar 2026 | £90,000 |
| Ground Floor Flat, 12, North Road East Plymouth PL4 6AS | Flat Leasehold | 13 Feb 2026 | £115,000 |
| 100 North Road East Plymouth PL4 6AW | Flat Leasehold | 26 Jan 2026 | £154,000 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in PL4
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Lang Town & Country, Plymouth on Rightmove (original listing). First listed 30 Jun 2026; details checked 7 Nov 2026. Latest change: reduced on 03/11/2026.
Disclaimer - Property reference S1778140. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lang Town & Country, Plymouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
