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Salcombe Road, Plymouth

South West

£280,000
Listed on 16/08/2024

Property Details

Bedrooms
5
Type
Terraced

Description

This expansive property presents a compelling opportunity for both investors and potential homeowners. Currently configured as a 5-bedroom House in Multiple Occupation (HMO), it generates an impressive £28,000 in annual income. The layout offers flexibility, allowing for conversion into a substantial 4-bedroom family residence with two reception areas, catering to a variety of living arrangements. Notably, the roof terrace provides stunning views over Dartmoor, presenting further development possibilities such as a loft conversion (subject to planning permission). Set within a desirable residential area, this property is well-positioned to attract immediate rental yields or serve as a larger family home with ample scope for enhancement.

Investment Analysis

(PL4 area)
Area Average
£200/sq ft
Avg Rent (weekly)
£168
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PL4)

Area prices are stable by 0.0% over the last 12 months
3 year growth: +10.2%
5 year growth: +17.9%
Investment Disclaimer: Analysis based on PL4 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

Salcombe Road, Plymouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£999
Based on a loan of £210,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-13.8% since listed
£280,000£20,000(-6.7%)
30/04/2026
Current price
£300,000£15,000(-4.8%)
02/09/2025
£315,000£10,000(-3.1%)
27/09/2024
£325,000Initial listing
16/08/2024

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