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Holmes Avenue, Plymouth, PL3 6LW - Image 1
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Holmes Avenue, Plymouth, PL3 6LW

South West

£150,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

Nestled on Holmes Avenue, this two-bedroom home presents a promising opportunity for both first-time buyers and investors looking to tap into renovation potential. While the property requires some updating, it stands as a blank canvas ready for personalization, allowing you to create a living space that aligns with your vision. The ground floor features a spacious lounge, enhanced by a large front window that invites ample natural light, promoting an open and airy atmosphere. A sliding door seamlessly connects the lounge to the kitchen, facilitating an inviting layout conducive to entertaining or relaxing comfortably with family and friends. The kitchen offers generous space for appliances and overlooks the sizable rear garden, making it easy to envision outdoor gatherings or gardening projects. Additionally, a convenient ground-floor WC enhances functionality. Upstairs, you'll discover two well-sized bedrooms. The main bedroom includes a walk-in alcove that can be utilized for wardrobe space or additional storage solutions. The second bedroom is versatile enough to serve as either guest accommodation or a productive home office. The shower room is equipped with a walk-in shower enclosure and provides an opportunity for modernization. The expansive rear garden further amplifies the property's investment potential, offering abundant possibilities for landscaping or creating tranquil outdoor retreats. This home is offered with no onward chain, making it an attractive option for those seeking to invest in a property where they can add their own flair and increase value over time.

Investment Analysis

(PL3 area)
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Holmes Avenue, Plymouth, PL3 6LW
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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
£549
Based on a loan of £112,500 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE