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Elm Road, Mannamead, Plymouth

South West

£220,000
Listed on 31/01/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Located in a sought-after residential area, this property presents an intriguing investment opportunity featuring three flats spread across three levels. Each unit offers unique living spaces and plenty of outdoor areas, making it a versatile option for rental income or future development. The ground floor accommodates a one-bedroom flat that boasts period features alongside a lounge, kitchen, and separate bathroom. The lower ground level hosts a spacious double bedroom maisonette complete with lounge, kitchen, and direct access to the rear garden, which has attractive views. The top-floor flat is notably adaptable, offering either one or two bedrooms, a large kitchen/diner, and access to a partially converted loft with potential for further enhancement. This property's existing layout allows for immediate rental while providing various avenues to increase its value through strategic renovations. A promising find for any savvy investor looking to capitalize on the local market.

Investment Analysis

(PL4 area)
Area Average
£197/sq ft
Avg Rent (weekly)
£168
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
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
20%
Properties sold annually

Local Market Trend (PL4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 9.2%
5 year growth: 25.9%
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

Elm Road, Mannamead, 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
£806
Based on a loan of £165,000 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.

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