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Oreston, Plymouth

South West

£250,000
Listed on 01/12/2025

Property Details

Bedrooms
1
Type
Detached house

Description

Nestled in the scenic South West, Radford Cottages were originally constructed in 1857 under the patronage of the Duke of Bedford. This particular stone-built cottage is part of a charming terrace and boasts generous grounds, including a courtyard with outbuildings and ample parking for multiple vehicles. With stunning views over Hooe Lake towards Staddon Heights, this property represents an enticing proposition for investors or developers looking to enhance its potential. The cottage is sold with no onward chain, further simplifying the acquisition process. Inside, you will find a welcoming open-plan kitchen and living area featuring a rustic stone fireplace with a wood-burning stove, while upstairs reveals a spacious bedroom complete with an integrated corner bath. The outbuilding presents possibilities for use as a workshop or additional storage space. The surrounding gardens offer both tranquility and opportunity for landscaping improvements to maximize their aesthetic appeal. Overall, this property provides a unique chance for those looking to invest in a beautiful location with considerable renovation potential.

Investment Analysis

(PL9 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£266
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PL9)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 6.7%
5 year growth: 16.2%
Investment Disclaimer: Analysis based on PL9 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

Oreston, 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
£916
Based on a loan of £187,500 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