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Old Laira Road, Plymouth, PL3 - Image 1
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Old Laira Road, Plymouth, PL3

South West

£210,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1476 sqft

Description

This property, located in the desirable area of Laira, presents an exciting opportunity for buyers eager to personalize a home that offers significant renovation potential. The three-storey layout includes three spacious bedrooms and provides a flexible arrangement, making it suitable for families, remote work setups, or even future conversions (subject to necessary permissions). While some updates are needed, the home is structurally sound and ready for your creative vision. It features a generously sized outdoor area that could be transformed into an inviting garden or patio space. The south-facing aspect ensures a degree of privacy, creating an ideal environment for outdoor enjoyment. Additionally, off-road parking for one vehicle adds convenience to this already attractive property—an unusual perk in the Old Laira Road vicinity. The location is another highlight; it boasts excellent local amenities, schools, and transport links that make daily life more convenient. This makes it not only appealing to first-time buyers but also a prime candidate for investors seeking a rewarding project within an established neighborhood. Plymouth itself is known for its rich history and vibrant waterfront lifestyle. With easy access to beautiful coastal areas and Dartmoor National Park, residents enjoy both urban and natural attractions. The city’s cultural scene is thriving with shopping, arts, and entertainment options readily available. For those needing to travel further afield, there are strong transport connections to Exeter and its international airport as well as direct train services to London. Council Tax Band - B EPC Rating - D Tenure – Freehold Utility services include mains gas, electricity, and water connectivity. The property also benefits from ultrafast broadband availability in the area along with reliable 4G mobile coverage—ideal for modern living requirements. This home stands out as a canvas awaiting your input—offering both a charming residence in a sought-after locale and substantial investment potential.

Investment Analysis

(PL3 area)

Below Market Value

This property is priced -43.2% below area average per sq ft

-43.2%
Potential saving
This Property
£142/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£273
Avg Yield
5.1%

Renovation Potential

Est. Renovation Cost
£21,000 - £52,500
10-25% of property value
Target Value
£406,549
10% above area average per sq ft
Potential ROI
+54.9%
After renovation
Monthly Sales
26
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (PL3)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 10.5%
5 year growth: 33.7%
Investment Disclaimer: Analysis based on PL3 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

Old Laira Road, Plymouth, PL3
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