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Parsons Close, Plymouth, Devon, PL9

South West

£120,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
656 sqft

Description

Situated in the sought-after residential area of Parsons Close, this two-bedroom mid-terrace home presents a compelling opportunity for those looking to invest or customize a property to their own taste. The home requires comprehensive refurbishment, making it an ideal project for buyers wishing to enhance its value through renovation. The ground floor features a kitchen that is ripe for reconfiguration, leading into a spacious open-plan living area that opens up to a conservatory at the back. This additional space not only allows for flexible living arrangements but also boasts lovely garden views, providing an opportunity to modernize the flow and functionality of the home. Upstairs reveals two generously proportioned double bedrooms, each offering ample room for furnishings and storage solutions. The family bathroom on this level is in need of updating to align with contemporary expectations. Externally, the property provides off-road parking for one vehicle at the front, ensuring convenience. At the rear, an enclosed garden awaits landscaping opportunities, perfect for creating an outdoor retreat or family-friendly space. Available vacant and with no onward chain, this property offers a straightforward acquisition process while serving as a blank canvas awaiting your vision.

Investment Analysis

(PL9 area)

Below Market Value

This property is priced -41.4% below area average per sq ft

-41.4%
Potential saving
This Property
£183/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£225,139
10% above area average per sq ft
Potential ROI
+40.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PL9)

Area prices are stable by -0.7% over the last 12 months
3 year growth: +3.4%
5 year growth: +15.3%
Investment Disclaimer: Analysis based on PL9 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

Parsons Close, Plymouth, Devon, PL9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£453
Based on a loan of £90,000 over 30 years at 4.45% 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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