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Lake View Drive, Plymouth, PL5

South West

£350,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
861 sqft

Description

This 3-bedroom link-detached home is positioned on a desirable corner plot, offering expansive views and a variety of opportunities for renovation and investment. The property features a spacious open-plan lounge/diner that benefits from abundant natural light, thanks to the French doors that lead directly to the rear garden. This layout holds potential for modern updates to enhance both flow and functionality. The home's convenience is further emphasized by its well-appointed modern family bathroom and a downstairs WC, catering to everyday needs. An attached garage with power and lighting provides additional storage solutions or potential for transformation, while ample parking space simplifies daily commutes and guest visits. The recently landscaped garden presents a serene outdoor space, featuring both a patio area suitable for gatherings and a lawn that can be cultivated into a personal retreat. With UPVC double glazing and gas central heating throughout, comfort is assured across all seasons. Importantly, this property also offers significant potential for extension or reconfiguration (subject to planning permission), making it an excellent choice for those looking to personalize their living environment. Located in a community-oriented neighborhood, this home is not just about immediate living comfort; it also serves as a promising investment opportunity. Whether you're considering future enhancements or seeking a property with long-term growth potential, this residence stands out as an intriguing option. Explore the possibilities of making this property your own—ideal for families or investors looking to add value through thoughtful renovations.

Investment Analysis

(PL5 area)

Above Market Value

This property is priced +75.1% above area average per sq ft

+75.1%
This Property
£407/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£219,869
10% above area average per sq ft
Potential ROI
-41.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PL5)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 7.4%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on PL5 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

Lake View Drive, Plymouth, PL5
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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
£1,282
Based on a loan of £262,500 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