13 bed house for sale Citadel Road, Plymouth

13 beds 12 baths Terraced House

Tenure: ask agent

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About this property

An exciting opportunity to acquire a substantial Victorian townhouse that's already set up as a 13-bedroom House in Multiple Occupation (HMO), occupying a prime position on Citadel Road, just moments from Plymouth city centre, the waterfront and the University. Arranged over several floors, the property offers 13 letting rooms together with 12 bathrooms and shared kitchen facilities, providing a layout that's perfectly suited to multi-occupancy living. The property is currently vacant, giving the new owner the flexibility to complete any remaining works before re-letting or prepare the property for immediate occupation.

Key features

Fully licensed 12-bedroom House in Multiple Occupancy
12 bathrooms
Shared kitchen facilities
Projected gross annual rental income: £89,580–£93,060 (subject to completion of the remaining works, full occupancy and market conditions)
Projected monthly rental income: £7,465–£7,755 pcm
Walking distance to Plymouth city centre, the University, Plymouth Hoe and the Barbican
Excellent investment opportunity with strong long-term rental demand
Currently vacant and ready for tenants to move in
Projected gross yield of approximately 10.5%–11.0%(before maintenance, voids and management)
Planning permission and listed building consent were both granted on 24 March 2026 for the change of use from a hotel to a 12-bed HMO.

Floorplan

Location

Citadel Road, Plymouth

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Council tax band: Ask agent

Mortgage and stamp duty

Property price £850,000

£425k £1.3m

Deposit10% £85,000

£0 £850k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £765,000 mortgage. Most lenders would want a household income of about £170,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.