Molyneaux Place, Plymouth

South West

£75,000

Listed on 07/04/2026

Property Details

Bedrooms

Type

Terraced

Area

827 sqft

Description

This two-bedroom terraced house presents a significant refurbishment opportunity, perfect for savvy investors or those looking to create a rental property. With two reception rooms and a rear garden, the layout offers potential for modern reconfiguration. Located in close proximity to HM Naval Base Devonport, this property benefits from strong demand in the area. However, it requires comprehensive renovation throughout to maximize its appeal and functionality.

Investment Analysis

(PL1 area)

Below Market Value

This property is priced -62.1% below area average per sq ft

-62.1%

Potential saving

This Property

£91/sq ft

Area Average

£239/sq ft

Avg Rent (weekly)

£199

Avg Yield

4.9%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£25,000 - £40,000

Target Value

£217,691

10% above area average per sq ft

Potential ROI

+89.3%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

11%

Properties sold annually

Local Market Trend (PL1)

Area prices are falling by -5.0% over the last 12 months

3 year growth: -2.8%

5 year growth: +0.4%

Investment Disclaimer: Analysis based on PL1 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

Molyneaux Place, Plymouth

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments

£266

Based on a loan of £56,250 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.