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Wanstead Grove, Plymouth, Devon

South West

£200,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
914 sqft

Description

This 3-bedroom house presents a solid opportunity for those looking to invest in a property with renovation potential. While it currently requires modernization, the home features essential updates including uPVC double glazing and gas central heating, ensuring a comfortable living environment while you embark on your refurbishment journey. The layout is practical, featuring a convenient downstairs W.C., which adds to its functionality. The rear garden offers space for outdoor activities or further landscaping potential, while the driveway accommodates two vehicles alongside a garage for additional storage or workshop use. Situated in an area that benefits from local amenities and transport links, this property is well-positioned to appeal to both families and commuters. Its investment potential is significant; with thoughtful updates and personalized touches, this house can be transformed into a desirable home that reflects modern living standards. Furthermore, being freehold provides flexibility in terms of modifications and enhancements, making it an ideal choice for buyers eager to create value. Whether you're an experienced investor or a first-time buyer seeking a project, this property invites you to envision its possibilities and realize its full potential.

Investment Analysis

(PL5 area)

Below Market Value

This property is priced -6.1% below area average per sq ft

-6.1%
Potential saving
This Property
£219/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£234,208
10% above area average per sq ft
Potential ROI
-6.3%
After renovation
Monthly Sales
25
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (PL5)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 11.1%
5 year growth: 22.6%
Investment Disclaimer: Analysis based on PL5 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

Wanstead Grove, Plymouth, Devon
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