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Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ - Image 1
Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ - Image 2
Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ - Image 3
Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ - Image 4
Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ - Image 5

Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ

South West

£45,000

Listed on 29/06/2026

Property details

Bedrooms
1
Type
Flat

Description

This vacant one-bedroom flat, located on the second floor in a central area of Plymouth, is ripe for renovation and investment. The property features a Lounge/Diner, separate Kitchen, and Bathroom, making it ideal for a refurbishment that can enhance its value significantly. With double-glazed PVCU windows and gas central heating already installed, the basic infrastructure is sound. Upon completion of refurbishment, local letting agents suggest a potential rental income of around £750 per month, depending on the quality of your finish. A new 999-year lease will be established upon sale completion, ensuring long-term ownership security. This property not only offers immediate livability but also presents a genuine opportunity to increase equity through targeted upgrades. Viewings are available prior to the auction date on Wednesday 29th June 2026.

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Investment analysis

(PL1 area)
Area Average
£238/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PL1)

Area prices are falling by -6.9% over the last 12 months
3 year growth: -1.7%
5 year growth: -4.8%
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

Flat 3, 26 Melbourne Street, Plymouth PL1 5HQ
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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
£170
Based on a loan of £33,750 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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