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Lucas Lane, Plympton

South West

£270,000
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
756 sqft

Description

This charming three-bedroom home in the desirable Lucas Lane area of Plympton is available with no onward chain, presenting a promising opportunity for those looking to invest or personalize their living space. The property's structure and layout are well-suited for renovation, allowing potential buyers to enhance its value through modern updates or an extension. Upon entry, a welcoming hallway leads to a bright reception room that is ideal for relaxation or social gatherings. An additional versatile reception room could serve as a dining area, office, or play space. Notably, these two rooms offer the possibility of being combined into one larger space, with options for expansion towards the rear. On the upper level, you'll find three bedrooms: two spacious doubles and a single, along with a modern bathroom suite that adds practical comfort. The master bedroom enjoys fitted wardrobes and pleasant views over Hemerdon. Outdoor enthusiasts will appreciate the lovely south-facing garden which is perfect for summer leisure activities and could be further developed. Parking is currently available on-street but offers the potential for conversion from the front garden into parking space pending necessary planning permissions. Located conveniently in Colebrook near local amenities and well-rated schools, this property holds significant renovation potential.

Investment Analysis

(PL7 area)

Above Market Value

This property is priced +18.4% above area average per sq ft

+18.4%
This Property
£357/sq ft
Area Average
£302/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£250,811
10% above area average per sq ft
Potential ROI
-19.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (PL7)

Area prices are falling by -2.7% over the last 12 months
3 year growth: +2.5%
5 year growth: +16.4%
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

Lucas Lane, Plympton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£956
Based on a loan of £202,500 over 30 years at 3.91% 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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