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Merafield Drive, Plymouth

South West

£250,000
Listed on 20/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
707 sqft

Description

This three-bedroom semi-detached residence presents an appealing opportunity for renovation enthusiasts or investors looking to add value in a well-established area. The property is equipped with a garage and a driveway, allowing for ample off-road parking, while the level rear garden offers a blank canvas for landscaping or outdoor improvements. While the interior requires modernisation, it boasts a solid layout that can be tailored to suit personal tastes—ideal for families or first-time buyers seeking space and flexibility. The home features electric heating throughout and includes generous living spaces that flow seamlessly to the rear garden, which is perfect for outdoor dining or relaxation. Located conveniently close to local amenities, schools, parks, and transport links, this property combines comfort and investment potential in one of Plympton's sought-after neighbourhoods.

Investment Analysis

(PL7 area)

Above Market Value

This property is priced +19.2% above area average per sq ft

+19.2%
This Property
£354/sq ft
Area Average
£297/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£230,666
10% above area average per sq ft
Potential ROI
-17.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
97%
Properties sold annually

Local Market Trend (PL7)

Area prices are stable by -0.6% over the last 12 months
3 year growth: +3.0%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on PL7 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

Merafield Drive, Plymouth
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Mortgage Calculator

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£
£
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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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