Ridgeway, Plymouth

This unique mixed-use investment opportunity in Plympton offers a freehold commercial unit along with a five-room HMO, making it a compelling choice for investors. The current rental income of £51,300 per annum provides a solid foundation, and with all residential rooms currently occupied, there is potential for further revenue growth. The additional barn included in the sale opens doors for creative development, whether for storage or future projects, subject to necessary consents.

However, the asking price of £575,000 translates to £991/sqf, which is significantly higher than the local average of £301/sqf. This considerable premium poses a challenge in terms of value, and potential buyers should be cautious. While the overall condition of the property is good and the rental yield is strong, the economic dynamics may require careful consideration before proceeding. The market volatility and potential need for minor updates should also be taken into account as you evaluate this opportunity.