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Old Laira Road, Plymouth, Devon

South West

£170,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
969 sqft

Description

This three-bedroom home presents a unique opportunity for renovation and investment in a well-connected area. Situated within close proximity to schools, a nursery, shopping amenities, and public transport options, this property is ideally positioned for families seeking convenience. Additionally, easy access to the A38 makes commuting straightforward. The interior of the house currently requires modernization, providing an excellent canvas for those looking to customize their living space or enhance its value through thoughtful renovations. The spacious layout allows for numerous design possibilities, making it suitable for both personal use and rental potential. Offered with no onward chain, this property is ready for a swift acquisition process. Its freehold status adds further appeal for prospective buyers looking to invest in a growing area under Plymouth City Council's jurisdiction. With on-street parking available and access to essential services such as gas central heating and mains utilities, the groundwork is set for transforming this house into a desirable family home or an attractive investment opportunity.

Investment Analysis

(PL3 area)

Below Market Value

This property is priced -29.8% below area average per sq ft

-29.8%
Potential saving
This Property
£175/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£266,422
10% above area average per sq ft
Potential ROI
+26.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PL3)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 7.2%
5 year growth: 26.9%
Investment Disclaimer: Analysis based on PL3 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

Old Laira Road, Plymouth, Devon
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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 £127,500 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