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Stoke, Plymouth, Devon, PL1

South West

£300,000

Listed on 18/06/2026

Property Details

Bedrooms
4
Type
Terraced
Area
779 sqft

Description

This substantial freehold property presents a noteworthy investment opportunity, featuring three self-contained apartments in a sought-after residential area. The building comprises two titles, offering strategic advantages for management or future sales. The lower ground floor unit includes private access and a rear garden, which could be transformed into off-street parking with the appropriate permissions to enhance rental appeal. Currently configured as a lower ground floor apartment, a studio on the first floor, and a spacious two-bedroom maisonette spread over two levels, this property holds significant potential for value addition. Located conveniently near Victoria Park and Plymouth City Centre, it remains attractive to professional tenants. With all existing tenants served notice, new owners can take advantage of the vacant possession to set market rents and implement desired upgrades. The projected gross rental income stands at around £28,000 per year with room for improvement through active management strategies and possible renovations.

Investment Analysis

(PL1 area)

Above Market Value

This property is priced +58.6% above area average per sq ft

+58.6%
This Property
£385/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£200
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£208,055
10% above area average per sq ft
Potential ROI
-40.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PL1)

Area prices are falling by -8.2% over the last 12 months
3 year growth: -4.4%
5 year growth: -4.4%
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

Stoke, Plymouth, Devon, PL1
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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
£1,133
Based on a loan of £225,000 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.

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