• Compliant six bedroom HMO investment +
• £37,680 annual income - £29,146 estimated net income +
• Strong gross 11.59% -12.56% depending on purchase price +
• Large property extending to approximately 2,240 sq.ft. +
• Generous bedroom sizes and good communal layout +
• HMO licence secured until 2029 +
• EICR valid until 2029 with new consumer unit installed +
• Professionally managed in-house by Francis Stuart +

Guide Price £300,00 - £325,000 Edith Avenue is a substantial six bedroom licensed HMO investment arranged across three floors and extending to approximately 2,240 sq.ft. of accommodation. The layout works extremely well as a shared professional house with generous bedroom sizes, well-balanced communal space and strong ongoing tenant demand within this part of Plymouth. The property is managed in-house by Francis Stuart and is already established as an income-producing investment. The property is currently generating £37,680 per annum (£3,140 pcm) with the benefit of good room sizes and a layout that suits professional sharers. Running costs are approximately £8,534 per annum, producing an estimated net income of around £29,146 per year before maintenance, voids or management. The property benefits from a HMO licence valid until November 2029, EICR valid until October 2029 (with a new consumer unit installed following the most recent inspection) and a current gas safety certificate valid until January 2026, providing reassurance from a compliance perspective. Based on the current income, the property offers gross yields of approximately 11.59% -12.56% gross yield depending on purchase price, positioning it as a strong and established HMO investment opportunity within Plymouth’s consistently performing rental market.  
Rental Income Breakdown
Room 1 – £500 pcm
Room 2 – £490 pcm
Room 3 – £565 pcm (couple)
Room 4 – £525 pcm (currently advertised as becoming vacant)
Room 5 – £480 pcm
Room 6 – £580 pcm (couple) Current Monthly Income – £3,140 pcm
Current Annual Income – £37,680 per annum  
Running Costs
Gas & Electric – £289 pcm (Octopus Energy)
Water – £186 pcm (£1,860.61 per year – unmetered)
Council Tax – £181 pcm (£1,808.67 per year paid over 10 months)
Internet – £55.20 pcm (Virgin Media Business Fibre Voom 800) Total Monthly Running Costs – £711.20 pcm
Total Annual Running Costs – £8,534 per annum  
£37,680 annual income minus £8,534 running costs  £29,146 approximate net income per year (before maintenance, voids or management)   HMO Licence Valid until 3rd November 2029 Electrical Installation Condition Report (EICR) Valid until 20 October 2029 (last completed 21 October 2024 including remedial works and installation of a new consumer unit) Gas Safety Certificate  Valid until January 2026