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Providence Street, Plymouth, PL4 8JQ

South West

£165,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
738 sqft

Description

This two-bedroom terraced home presents a prime opportunity for buyers seeking a blend of character and investment potential, situated conveniently near the city center. With no onward chain, it's ideal for first-time buyers or those looking to downsize without sacrificing accessibility to urban amenities. Upon entering, you will find a spacious open-plan lounge and kitchen area that caters well to contemporary living while providing a welcoming atmosphere for both relaxation and social gatherings. A utility room located at the rear adds practical storage solutions, helping to keep daily tasks organized and out of sight. The downstairs bathroom is functional yet in need of modernization, allowing for creative renovation opportunities that can enhance its appeal and value. This space serves as a blank canvas for those looking to personalize their home according to their tastes. On the upper level, the two bedrooms offer comfortable living spaces designed for rest and privacy. A noteworthy feature of this property is the private roof terrace accessible from the top floor. This outdoor space provides an excellent setting for enjoying morning coffee or evening drinks while soaking in views over the city skyline. This home is freshly presented and ready for immediate occupancy but also holds significant potential for further enhancements, making it an excellent investment opportunity in a desirable location.

Investment Analysis

(PL4 area)

Above Market Value

This property is priced +15.6% above area average per sq ft

+15.6%
This Property
£224/sq ft
Area Average
£193/sq ft
Avg Rent (weekly)
£168
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£16,500 - £41,250
10-25% of property value
Target Value
£157,002
10% above area average per sq ft
Potential ROI
-23.9%
After renovation
Monthly Sales
26
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (PL4)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 10.1%
5 year growth: 26.8%
Investment Disclaimer: Analysis based on PL4 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

Providence Street, Plymouth, PL4 8JQ
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