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Charlotte Street, Morice Town, Plymouth

South West

£62,500

Listed on 20/05/2026

Property Details

Bedrooms
1
Type
Flat

Description

This ground floor flat presents an excellent opportunity for renovation, ideal for first-time buyers or investors looking to make their mark. The layout includes a living room, bedroom, kitchen, and shower room. Key features such as central heating and double glazing are in place, providing a solid foundation for modern upgrades. With no onward chain, interested buyers are encouraged to act swiftly. Access is via a communal entrance leading to a shared hallway with steps down to off-road parking available on a first-come, first-served basis. The living area measures 3.56m x 3.43m and benefits from natural light through the front-facing double-glazed window. This space connects open-plan to the kitchen (2.68m x 2.14m), which has basic units but awaits a fresh design touch and modern appliances. The shower room offers a three-piece suite but could benefit from aesthetic improvements and modern fixtures. The bedroom (3.48m x 2.80m) also receives ample light from the rear window and provides a cozy retreat that could be enhanced with creative renovations. Leasehold details indicate a term of 199 years starting in 2016 with a reasonable service charge of approximately £260 annually. Potential buyers should consult with their mortgage provider regarding lease specifics as part of the purchasing process.

Investment Analysis

(PL2 area)
Area Average
£212/sq ft
Avg Rent (weekly)
£222
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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
25%
Properties sold annually

Local Market Trend (PL2)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +1.3%
5 year growth: +17.5%
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

Charlotte Street, Morice Town, 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
£223
Based on a loan of £46,875 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

-10.7% since listed
£62,500£7,500(-10.7%)
05/12/2024
Current price
£70,000Initial listing
11/09/2024

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