Carlton Terrace, Lipson, Plymouth, Devon, PL4

This five double bedroom terraced house is ideally located close to the City Centre and University of Plymouth. Previously operated as a successful student let, the property offers excellent over 10% ROI potential and holds an existing HMO licence valid until September 2028, which is fully transferable upon compliance with Plymouth City Council regulations.

MATERIAL INFOMATION
Tenure - Freehold Council Tax Band - B Local Authority - Plymouth City Council Source Of Heating - Gas Central Heating Source Of Electric - Mains Electric Source of Water - Mains Water Arrangement for Sewerage - Mains Sewerage Parking - On Street - Residents permit parking

FULL DESCRIPTION
Currently achieving a student rental value of approximately £500 per week on a 50-week contract, the property represents a strong and reliable rental yield. It is well maintained and fully compliant, with a gas combi boiler serviced and certified with a valid Landlord’s Gas Safety Certificate until July 2026. A Hive heating control system and magneto filter have been installed for added efficiency. The electrical system was upgraded in September 2025, including the installation of AFDDs (Arc Fault Detection Devices) for enhanced safety and compliance. Connectivity is excellent, with BT Openreach fibre to the premises still active and Virgin Media cable also available for connection. The sale includes white goods — two fridge freezers, a washing machine, and a tumble dryer — all under four years old and PAT tested in November 2025, providing peace of mind for any incoming landlord or tenant. The accommodation comprises a generous kitchen, spacious living area, two bathrooms, a utility room, and useful storage space beneath the house, complemented by a low-maintenance courtyard garden with an outside tap. The property benefits from gas central heating, double glazing, and ample storage throughout, ensuring both comfort and practicality. Enjoying beautiful distant sea views, this property also offers on-street resident parking, making it both accessible and appealing to a wide range of buyers or tenants. Combining generous accommodation, a convenient location, and full HMO compliance, this property represents an outstanding investment opportunity in one of Plymouth’s most sought-after rental areas.