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Perches Close, Plymouth, PL8 1HZ

South West

£695,000
Listed on 04/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2467 sqft

Description

Nestled between the scenic villages of Newton Ferrers and Noss Mayo, in the tranquil hamlet of Membland, this substantial five-bedroom residence offers a unique opportunity for renovation and investment. Built in the 1980s, the property retains a blend of space and potential that can be transformed into a truly remarkable family home. The layout includes a spacious sitting room, dining area, study, and a kitchen/breakfast room that flows into a generous utility space and conservatory. Upstairs, you’ll find five bedrooms, including one with an en-suite bathroom and an additional family bathroom. The property benefits from a private driveway leading to a double garage, ensuring ample parking for residents and guests. The outdoor space is equally impressive, featuring a beautifully terraced garden bordered by mature shrubs and trees. A stream runs gently through the bottom of the garden near the historic carriage drive—a nod to the area's rich historical heritage. The large south-west facing terrace provides an ideal spot for relaxation while soaking in the views of your surroundings. Located within an area steeped in history, this home was once part of the Baring family's estate, known for its carriage drives designed to showcase stunning sea views. Investing in this property not only allows for personalization but also presents an opportunity to enhance its value within this desirable locale. The house is equipped with essential modern features such as solar panels (owned outright), oil-powered central heating installed in 2004, and double glazing throughout. The loft space is accessible and insulated—an additional canvas for future expansion or storage solutions. With good mobile coverage (notably O2) and FTTP broadband connection available, this property merges rural charm with contemporary amenities. Additionally, there are no listed building restrictions or conservation orders affecting future development plans. Given its prominent location and historical significance combined with renovation potential, this property is poised as an excellent investment for those looking to create their ideal living space in this picturesque part of Devon. Viewings are strictly by appointment only; please ensure to schedule ahead before visiting the property.

Investment Analysis

(PL8 area)

Below Market Value

This property is priced -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£282/sq ft
Area Average
£388/sq ft
Avg Rent (weekly)
£307
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£1,051,694
10% above area average per sq ft
Potential ROI
+37.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 16.1%
5 year growth: 8.6%
Investment Disclaimer: Analysis based on PL8 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

Perches Close, Plymouth, PL8 1HZ
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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
£2,546
Based on a loan of £521,250 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