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Laira Park Road, Plymouth, Devon - Image 1
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Laira Park Road, Plymouth, Devon

South West

£200,000
Listed on 23/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
517 sqft

Description

This detached bungalow presents a significant opportunity for those looking to invest in a property with substantial renovation and development potential. Nestled on a generous plot in the desirable Laira Park Road area of Plymouth, this home is ideal for buyers seeking a project or future expansion possibilities (subject to planning approvals). The substantial garden offers ample space for extending the existing structure, adding outbuildings, or even creating a separate dwelling if desired. Currently, the bungalow features a flexible layout with a bright living area, kitchen, two bedrooms, and a bathroom that would benefit from modernisation. The outdoor space includes wraparound gardens and driveway parking for multiple vehicles, along with the prospect of building a detached garage or annex (STPP). This property’s location in a quiet neighborhood further enhances its appeal as both a residence and an investment opportunity. Viewing is highly recommended to fully appreciate the potential this bungalow has to offer.

Investment Analysis

(PL4 area)

Above Market Value

This property is priced +96.2% above area average per sq ft

+96.2%
This Property
£387/sq ft
Area Average
£197/sq ft
Avg Rent (weekly)
£168
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £45,000
Target Value
£112,148
10% above area average per sq ft
Potential ROI
-54.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PL4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 9.2%
5 year growth: 25.9%
Investment Disclaimer: Analysis based on PL4 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

Laira Park Road, Plymouth, Devon
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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
£733
Based on a loan of £150,000 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.

Next Steps

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