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Mannamead Road, Plymouth

South West

£160,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
803 sqft

Description

This ground floor apartment is set within a distinguished period building in the desirable neighborhood of Mannamead, known for its attractive tree-lined streets and community feel. With two spacious bedrooms, this residence offers ample potential for renovation, making it an ideal project for those looking to invest and personalize their living space. The layout includes a generous lounge that provides plenty of room for relaxation, complemented by large windows that invite natural light. The expansive kitchen/diner presents an opportunity to create a modern culinary haven while maintaining the charm of the original design. Although the apartment requires updating, its solid structure and period features provide a strong foundation for enhancements. Additional amenities include a garage and off-road parking—an asset in this sought-after area where such conveniences can significantly increase property value. Whether you're considering a long-term investment or envisioning your dream home in an exclusive location, this apartment's renovation potential combined with its prime setting makes it a noteworthy opportunity.

Investment Analysis

(PL3 area)

Below Market Value

This property is priced -20.4% below area average per sq ft

-20.4%
Potential saving
This Property
£199/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£273
Avg Yield
5.1%

Renovation Potential

Est. Renovation Cost
£16,000 - £40,000
10-25% of property value
Target Value
£221,178
10% above area average per sq ft
Potential ROI
+10.6%
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

Mannamead Road, Plymouth
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