Worst House on the Street Logo
Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ - Image 1
Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ - Image 2
Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ - Image 3
Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ - Image 4
Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ - Image 5
Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ - Image 6

Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ

South West

£57,000
Listed on 09/04/2026

Property Details

Bedrooms
1
Type
Flat

Description

This vacant one-bedroom flat, situated on the second floor in a central location of Plymouth, presents a promising investment opportunity for those looking to enhance residential properties. The accommodation comprises a communal hallway leading to your own entrance, along with a living room, kitchen, double bedroom, and bathroom. The property is being sold with a new 999-year lease upon completion, allowing for long-term ownership potential. It is ideally positioned for refurbishment, making it an attractive prospect for investors or first-time buyers who wish to capitalize on the local housing market. With the right renovations, this space can be transformed into a contemporary home or rental unit. Interested buyers can access the legal pack online to facilitate their due diligence ahead of the auction date.

Investment Analysis

(PL1 area)
Area Average
£239/sq ft
Avg Rent (weekly)
£199
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
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

Second Floor Flat, 23 Melbourne Street, Plymouth, Devon PL1 5HQ
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£202
Based on a loan of £42,750 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.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates