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Merafield Road, Plympton

South West

£130,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
890 sqft

Description

This semi-detached property presents a promising renovation opportunity, featuring two double bedrooms and a spacious south-facing rear garden. Located in Plympton, this residence is poised for significant enhancement, allowing buyers to infuse their personal style and potentially increase its market value. The structure requires comprehensive updates throughout, making it an ideal project for investors or homeowners looking to create a bespoke living space. The generous garden space also lends itself well to landscaping possibilities after necessary clearance work. With no onward chain, this property offers flexibility and the chance to transform it into a desirable family home or investment property.

Investment Analysis

(PL7 area)

Below Market Value

This property is priced -51.6% below area average per sq ft

-51.6%
Potential saving
This Property
£146/sq ft
Area Average
£302/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£295,315
10% above area average per sq ft
Potential ROI
+55.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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, Plympton
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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
£464
Based on a loan of £97,500 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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