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Palmerston Street, Stoke, PL1 5LL

South West

£260,000

Listed on 19/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1695 sqft

Description

Situated in a desirable area near Stoke Damerel and the tranquil Victoria Park, this property presents an excellent opportunity for those looking to invest in a home with potential for modernization. Conveniently close to local amenities, including Stuart Road Primary School and various shops, as well as the vibrant Plymouth City Centre with its shopping and leisure options, this location offers both charm and accessibility. The property features a welcoming entrance porch leading into a hallway that connects to a spacious lounge characterized by period details and a large bay window. The dining room, also adorned with period features and a fireplace, overlooks the rear courtyard garden. A breakfast room with built-in storage leads into the kitchen, which is equipped with wall-mounted units and integral appliances but may benefit from updates to enhance functionality. Upstairs, you'll find three generously sized bedrooms; one is currently configured into two distinct spaces, each featuring windows and fireplaces adding character. The shower room offers basic amenities but could be transformed into a modern facility. While this home is offered with no onward chain, it does require a degree of refurbishment, making it an ideal project for buyers eager to add their own touch and increase value. The hard-paved rear courtyard garden provides low-maintenance outdoor space along with access to a garage equipped with power and lighting. This freehold property comes connected to all main services including fibre broadband, further enhancing its appeal as an investment.

Investment Analysis

(PL1 area)

Below Market Value

This property is priced -36.8% below area average per sq ft

-36.8%
Potential saving
This Property
£153/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£200
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£452,701
10% above area average per sq ft
Potential ROI
+53.5%
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

Palmerston Street, Stoke, PL1 5LL
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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
£982
Based on a loan of £195,000 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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