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Southway Drive, Southway, Plymouth

South West

£169,950
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
792 sqft

Description

This spacious terraced home presents a valuable opportunity for renovators and investors looking to make their mark. The property is currently in need of modernization throughout, making it an ideal project for those seeking to enhance its potential. Inside, you will find a generously sized lounge featuring a bay window that invites natural light, as well as a kitchen/dining room that offers ample space for a reconfiguration to fit modern tastes. The two large double bedrooms provide excellent space that can be easily transformed into comfortable living areas. Although the bathroom is modern, it could benefit from aesthetic updates to align with current trends. With features such as double glazing and central heating already in place, the groundwork has been laid for future enhancements. Externally, both front and rear gardens offer additional possibilities for landscaping or outdoor entertaining. This property is being sold with no onward chain, presenting an advantageous position for quick access to the market. A viewing is recommended to fully appreciate the well-proportioned accommodation and its renovation potential.

Investment Analysis

(PL6 area)

Below Market Value

This property is priced -22.6% below area average per sq ft

-22.6%
Potential saving
This Property
£215/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£291
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£241,453
10% above area average per sq ft
Potential ROI
+23.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (PL6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 0.8%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on PL6 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

Southway Drive, Southway, 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
£623
Based on a loan of £127,462 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE