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Merafield Road, Plymouth, Devon, PL7

South West

£260,000

Listed on 21/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1187 sqft

Description

Situated in the vibrant community of Plympton, this spacious four-bedroom home presents a valuable opportunity for families looking for room to grow or investors seeking a project with significant potential. The entrance introduces an expansive hallway that leads to a well-proportioned kitchen, a dining area, and a cozy lounge. Upstairs, you'll find two generous double bedrooms alongside two single bedrooms and a family bathroom, offering plentiful space for daily living. This property stands as a blank canvas ready for modernization and personalization, making it an attractive prospect for those who envision transforming the interiors to suit contemporary tastes. Outside, the large garden provides ample scope to create an outdoor haven, while additional features include a detached garage and two outbuildings offering functional storage options. With local amenities such as reputable schools and delightful shops just a stone's throw away, and excellent transport links enhancing connectivity, this home not only offers comfort but also considerable investment appeal.

Investment Analysis

(PL7 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£219/sq ft
Area Average
£302/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£393,864
10% above area average per sq ft
Potential ROI
+31.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (PL7)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +4.8%
5 year growth: +17.3%
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

Merafield Road, Plymouth, Devon, PL7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£928
Based on a loan of £195,000 over 30 years at 3.97% 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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