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Clarence Place, Morice Town, Plymouth

South West

£195,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1538 sqft

Description

This mid-terraced property presents a compelling investment opportunity, currently configured as two distinct living units with tenants already in place. Located in a desirable area near the Devonport Naval Base, this spacious home offers excellent potential for rental income or future enhancements. The ground floor flat includes a generous double bedroom and functional living spaces, while the upstairs flat boasts two sizable bedrooms. Both flats feature essential amenities but may benefit from modern updates and aesthetic improvements to increase attractiveness and value. With shared access to a modest rear garden and separate entrances for each unit, this property is well-suited for investors seeking to grow their real estate portfolio in a high-demand location.

Investment Analysis

(PL2 area)

Below Market Value

This property is priced -39.0% below area average per sq ft

-39.0%
Potential saving
This Property
£127/sq ft
Area Average
£208/sq ft
Avg Rent (weekly)
£206
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£351,894
10% above area average per sq ft
Potential ROI
+49.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
62%
Properties sold annually

Local Market Trend (PL2)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 2.6%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on PL2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Clarence Place, Morice Town, Plymouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£714
Based on a loan of £146,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE