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Thames Gardens, Plymouth, Devon, PL3

South West

£199,950
Listed on 03/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
994 sqft

Description

This semi-detached house, situated on a tranquil street, offers an excellent opportunity for those looking to invest in a property with strong renovation potential. With three well-sized bedrooms and substantial garden areas, this home is ideal for first-time buyers or buy-to-let investors. The front features off-road parking alongside a lawned garden, guiding you through a practical uPVC porch into the inner hallway. A spacious living room stretches across the back of the house, benefiting from natural light through its dual aspect windows. Adjacent to this is a lean-to conservatory which serves as a charming space connecting indoor and outdoor living. The kitchen/dining room, while in need of updating, presents an inviting blank slate for customization with existing plumbing and space for essential appliances. Upstairs, you'll find two comfortable double bedrooms and a large single room, complemented by a shower room and separate WC for convenience. The generous rear garden enjoys southern exposure and includes both lawn space and an initial patio area, along with a storage shed and summer house—perfect for outdoor enjoyment or further landscaping possibilities. Located just over three miles from Plymouth's city center in Efford, the property benefits from proximity to reputable schools and local amenities. This home not only holds considerable value in its current layout but also suggests ample scope for modernizing to enhance its appeal in the vibrant South West market.

Investment Analysis

(PL3 area)

Below Market Value

This property is priced -19.5% below area average per sq ft

-19.5%
Potential saving
This Property
£201/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£273,295
10% above area average per sq ft
Potential ROI
+21.5%
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

Thames Gardens, Plymouth, Devon, PL3
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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
£732
Based on a loan of £149,962 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