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131 Molesworth Road, Stoke, Plymouth, Devon PL3 4AJ - Image 1
131 Molesworth Road, Stoke, Plymouth, Devon PL3 4AJ - Image 2
131 Molesworth Road, Stoke, Plymouth, Devon PL3 4AJ - Image 3
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131 Molesworth Road, Stoke, Plymouth, Devon PL3 4AJ - Image 5
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131 Molesworth Road, Stoke, Plymouth, Devon PL3 4AJ

South West

£120,000
Listed on 15/01/2026

Property Details

Bedrooms
6
Type
Terraced house

Description

This mid-terrace property, currently set up as a multi-let with three tenants already in place, offers a unique opportunity for renovation investors. Located in Stoke, Plymouth, this six-bedroom freehold property is conveniently situated near local amenities, park areas, and just a short walk from the city centre. While it benefits from some prior improvements made by the current owner—details of which can be found in the included legal pack—the property still requires modernisation to fully realise its potential. The layout includes versatile living spaces that could serve multiple uses (subject to necessary permissions), making it ideal for those looking to enhance rental yield or adapt for personal use. The accommodation features several bedrooms and kitchenette areas throughout, complemented by shared facilities that are common in multiple-let setups. Additional assets include a garage at the rear, providing extra storage or potential parking space. Given its existing tenant agreement and location in a sought-after area of Plymouth, this property represents a solid investment with significant room for value appreciation post-renovation.

Investment Analysis

(PL3 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£254
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
87%
Properties sold annually

Local Market Trend (PL3)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 6.6%
5 year growth: 24.3%
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

131 Molesworth Road, Stoke, Plymouth, Devon PL3 4AJ
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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
£440
Based on a loan of £90,000 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.

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