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South Down Road, PL2

South West

£200,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
889 sqft

Description

Nestled in the sought-after Beacon Park area of Plymouth, this chain-free detached bungalow presents an exceptional renovation opportunity. Spanning just under 900 sq ft, the property currently accommodates three bedrooms but offers significant potential to be reconfigured into a more modern two-bedroom home with enhanced living spaces. The entrance hallway serves as a central hub that connects to various rooms, featuring parquet-style flooring and smooth-textured walls that hint at the property’s original charm. This space provides access to the lounge, dining room, bedrooms, bathroom, and separate WC. One of the storage cupboards could be converted into a utility area, adding practicality. The front-facing lounge benefits from a bay window that floods the room with natural light and showcases charming period details such as a picture rail and gloss skirting boards. Bedroom one is spacious with ample light from its generous window, reflecting similar stylistic attributes found throughout the home. The bathroom includes essential fittings like a wash hand basin and bathtub alongside an electric shower, while the separate WC adds convenience. Bedroom two comes equipped with built-in wardrobe space and flexible access to bedroom three via both the dining room and its own entrance. There lies potential here for creating an expansive open-plan living space by merging these areas for modern living needs—ideal for entertaining or family interactions. The dining area is bright and inviting, seamlessly linking to a functional kitchen that could significantly benefit from a redesign. With dual-aspect windows that frame panoramic views, this zone can become the heart of the home with some thoughtful alterations. Access to outdoor space is granted through a small porch leading to a low-maintenance garden which enjoys desirable south-facing sunlight. Additional features include a shared driveway and garage as well as a greenhouse for gardening enthusiasts. This property not only holds immediate appeal but also boasts long-term investment possibilities; prospective buyers may explore options to develop loft space or expand further subject to planning permissions. Located conveniently near local amenities and transport links while remaining close to Plymouth city centre enhances its desirability further. This bungalow represents an exciting chance for those looking to create their ideal living environment tailored to personal preferences—transforming it into either an expansive two-bedroom residence featuring open-plan layouts or updating it as a functional three-bedroom dwelling.

Investment Analysis

(PL2 area)

Above Market Value

This property is priced +4.6% above area average per sq ft

+4.6%
This Property
£225/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£206
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£210,346
10% above area average per sq ft
Potential ROI
-12.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (PL2)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +4.0%
5 year growth: +19.5%
Investment Disclaimer: Analysis based on PL2 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

South Down Road, PL2
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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
£708
Based on a loan of £150,000 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

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