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Pendarves Street, Tuckingmill

South West

£150,000
Listed on 03/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
754 sqft

Description

This mid-terraced house presents a promising renovation opportunity, ideal for investors or first-time buyers looking to make their mark. With three bedrooms and a practical layout, the property is designed to accommodate modern living despite its current need for refurbishment. Inside, the ground floor features a spacious lounge with a double-glazed window that invites natural light. The kitchen/diner is equipped with base and wall units and offers enough space for dining, along with access to the conservatory/utility area. This versatile space includes sliding patio doors that open onto the rear garden and provides plumbing for laundry appliances. A cloakroom completes this level, enhancing everyday convenience. Upstairs, you’ll find three well-proportioned bedrooms, each benefiting from double-glazed windows that ensure good ventilation and light. The bathroom features essential amenities including a bath with an electric shower, WC, and hand basin, all of which can be updated to reflect personal taste. The enclosed rear garden is a notable feature, providing both privacy and potential for landscaping or outdoor entertainment areas. It's currently laid with a mix of paving and artificial turf for low-maintenance appeal, complemented by a shed for additional storage needs. Situated in an area with strong local amenities and good transport links, this property not only offers comfortable accommodation but also holds significant investment potential. With no onward chain involved in the sale process, it allows for a straightforward transaction as you embark on your refurbishment journey. In terms of utilities and infrastructure, the house is connected to mains electricity and water with night storage heating in place. Though some updates may be necessary, the existing framework allows for customization while taking advantage of the property's favorable location. Whether you're seeking your first home or looking to expand your investment portfolio, this property offers an excellent foundation for future improvements while being part of an established residential community.

Investment Analysis

(TR14 area)

Below Market Value

This property is priced -28.3% below area average per sq ft

-28.3%
Potential saving
This Property
£199/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£15,000 - £37,500
10-25% of property value
Target Value
£230,076
10% above area average per sq ft
Potential ROI
+22.7%
After renovation
Monthly Sales
20
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR14)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 6.8%
5 year growth: 30.6%
Investment Disclaimer: Analysis based on TR14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Pendarves Street, Tuckingmill
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