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Riga Terrace, Plymouth, Devon, PL3

South West

£170,000
Listed on 25/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
973 sqft

Description

This three-bedroom mid-terrace property on the sought-after Riga Terrace presents a prime investment opportunity for those looking to undertake a renovation project. The home, offered without any onward chain, is perfectly positioned for first-time buyers or investors eager to add value through refurbishment.

On the ground floor, you'll find an entrance porch leading into a hallway that connects to a dining room, which opens into a spacious living room and kitchen area. This layout promotes modern living and social interaction. Additionally, the convenience of a downstairs WC enhances usability.

The upper level comprises three generously sized bedrooms alongside a family bathroom. While some finishing touches are needed, significant structural work has already been completed, allowing new owners to infuse their personal style and preferences into the final design.

Outside, the property includes a private rear courtyard garden and offers on-street parking. With proximity to local amenities, schools, and transport links, this home is ideal for those ready to invest in its transformation.

Investment Analysis

(PL3 area)

Below Market Value

This property is priced -29.7% below area average per sq ft

-29.7%
Potential saving
This Property
£175/sq ft
Area Average
£249/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£18,000 - £25,000
Target Value
£266,130
10% above area average per sq ft
Potential ROI
+36.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (PL3)

Area prices are rising by +5.8% over the last 12 months
3 year growth: +6.1%
5 year growth: +20.4%
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

Riga Terrace, Plymouth, Devon, PL3
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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
£613
Based on a loan of £127,500 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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