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Rockfield Avenue, Southway, Plymouth

South West

£140,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
938 sqft

Description

This terraced property presents a unique opportunity for renovation enthusiasts or investors looking to enhance an existing home. The residence offers a solid layout with potential for modern improvements, featuring three bedrooms, a bathroom, and a separate WC upstairs. On the ground floor, the space comprises a lounge/dining area, utility room, and kitchen, all of which are ripe for a thoughtful redesign. While the property requires comprehensive updating, it benefits from double glazing and central heating—key features that could serve as a strong foundation for future enhancements. The enclosed rear garden adds further appeal, providing outdoor space that could be transformed into an inviting landscape or recreational area. Positioned conveniently near Beechwood Primary School, this residence is not only suited for family living but also represents a favorable investment in a sought-after location. With no onward chain, potential buyers can act swiftly to capitalize on the possibilities this home has to offer. An early viewing is advisable to fully appreciate its size and investment potential.

Investment Analysis

(PL6 area)

Below Market Value

This property is priced -46.1% below area average per sq ft

-46.1%
Potential saving
This Property
£149/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£291
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £75,000
Target Value
£285,963
10% above area average per sq ft
Potential ROI
+33.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (PL6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 0.8%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on PL6 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

Rockfield Avenue, Southway, Plymouth
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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
£513
Based on a loan of £105,000 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.

Next Steps

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