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Clarence Place, Morice Town, Plymouth

South West

£250,000
Listed on 25/02/2026

Property Details

Bedrooms
5
Type
Terraced house
Area
1346 sqft

Description

Located in the sought-after Morice Town area of Plymouth, this terraced house offers a remarkable opportunity for those looking to invest or create a family home. Spanning approximately 1,346 square feet, the property features five bedrooms and five bathrooms, providing significant space that can cater to large families or serve as an income-generating rental unit. Built in 1900, it presents a unique blend of period charm and modern functionality. While the house is currently in good condition, a light refurbishment could enhance its appeal further and maximize its investment potential. The generous layout includes a welcoming reception room ideal for gatherings and daily living. The advantageous location affords easy access to local amenities, schools, and parks, making it particularly attractive for families seeking a vibrant community atmosphere. With its combination of size, character, and strategic positioning, this property not only stands as a comfortable residence but also as an enticing investment opportunity that could yield significant returns with the right touches.

Investment Analysis

(PL2 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£186/sq ft
Area Average
£210/sq ft
Avg Rent (weekly)
£204
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£310,852
10% above area average per sq ft
Potential ROI
+7.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
72%
Properties sold annually

Local Market Trend (PL2)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +4.0%
5 year growth: +21.6%
Investment Disclaimer: Analysis based on PL2 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

Clarence Place, Morice Town, Plymouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% 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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