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Albert Road, Plymouth, PL2 1AW

South West

£220,000
Listed on 16/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
2368 sqft

Description

This freehold commercial property, situated on the sought-after Albert Road, presents a substantial opportunity for investors and business owners. Encompassing around 2,368 sq. ft. of versatile shop space distributed across three spacious floors, the property also includes additional residential units above, enhancing its investment appeal. The ground floor comprises an expansive open-plan retail area complemented by further storage and shop spaces at the rear, offering a blank canvas for numerous commercial applications. On the upper level, you'll find a sizable kitchen/meeting area with WC facilities that could be adapted to serve as office space or other trading areas as per your needs. Additionally, two self-contained flats above the retail space provide potential for extra rental income after refurbishment. While the property requires extensive modernization throughout, its generous layout and prime location make it an intriguing project for those looking to capitalize on its potential.

Investment Analysis

(PL2 area)

Below Market Value

This property is priced -55.8% below area average per sq ft

-55.8%
Potential saving
This Property
£93/sq ft
Area Average
£210/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£547,138
10% above area average per sq ft
Potential ROI
+71.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (PL2)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 2.8%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on PL2 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

Albert Road, Plymouth, PL2 1AW
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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
£806
Based on a loan of £165,000 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