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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 -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£199/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£220,781
10% above area average per sq ft
Potential ROI
+19.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PL3)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 7.2%
5 year growth: 26.9%
Investment Disclaimer: Analysis based on PL3 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

Mannamead Road, 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
£586
Based on a loan of £120,000 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